How much does Ind Ocean Limited make?

Ind Ocean Limited reported revenue of £6.4m and £2.7m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Ind Ocean Limited have?

Ind Ocean Limited reported an average of 0 employees in the year to 31 Dec 2023.

Is Ind Ocean Limited profitable?

Yes — Ind Ocean Limited reported a profit of £2.7m in the year to 31 Dec 2023.

Company No. 13489590 · Incorporated 2 Jul 2021

Ind Ocean Limited

Registered name: IND OCEAN LIMITED

Part of Handymax Holdco Limited group

Ind Ocean Limited made £6.4m revenue and £2.7m profit in the year to 31 Dec 2023.

Ind Ocean Limited’s revenue was £6.4m in the year to 31 Dec 2023, with £2.7m profit and 0 employees. The company is classified under “other business support service activities” and is based in Wembley; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Wembley, London
Age: 5 yrs · since 2021
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The parent company is Handymax HoldCo Limited, which in turn is jointly owned by Stefton Shipping Ltd, Union Carriers Ltd and Anastacia AG. There is not considered to be a single ultimate controlling ”

Latest accounts · year to 31 Dec 2023

Key figures

Small teamYoung and profitable

Revenue

£6.4m

Growth —

Profit

£2.7m

Growth —

Profit margin

41.5%

Gross 93.5%

Employees

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.9m	£6.4m
Cost of sales	£412k	£412k
Gross profit	£4.5m	£6m
Operating profit	£1.9m	£3.2m
Profit before tax	£1.4m	£2.7m
Profit after tax	£1.4m	£2.7m
Profit (best available)	£1.4m	£2.7m
Employees (average)	0	0
Ratios
Profit margin	29.3%	41.5%
Gross margin	91.6%	93.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£108k	£381k
Net assets	£3.5m	£4.6m
Fixed assets	£10.9m	£10.5m
Current assets	£589k	£685k
Debtors	£321k	£111k
Deferred income	£105k	£67.8k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 41.5%; Profit ÷ revenue.
Gross margin: 93.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 163.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £4.6m
Cash at bank: —; Now £381k
Headcount: —; Now 0
Deferred income: —; Now £67.8k
Fixed assets: —; Now £10.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Handymax Holdco Limitedultimate parent75–100%
Ind Ocean Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (8)

Petit Cham LimitedRev. £2.7m · Profit £1.6m
Kalixenos LimitedRev. £2.5m · Profit £393k
Fleet Trader LimitedRev. £87.8k · Profit £209k
Anta Ocean LimitedFigures not disclosed
Arct Ocean LimitedFigures not disclosed
Atl Ocean LimitedFigures not disclosed
Pacif Ocean LimitedFigures not disclosed
Ultra Mount Athos LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £2.7m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.