How much does Ocean Farm Services Ltd make?

Ocean Farm Services Ltd reported revenue of £10m and a loss of £40.9k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Ocean Farm Services Ltd have?

Ocean Farm Services Ltd reported an average of 65 employees in the year to 31 Dec 2025.

Is Ocean Farm Services Ltd profitable?

No — Ocean Farm Services Ltd reported a loss of £40.9k in the year to 31 Dec 2025.

Company No. SC602358 · Incorporated 12 Jul 2018

Ocean Farm Services Ltd

Registered name: OCEAN FARM SERVICES LTD

Ocean Farm Services Ltd made £10m revenue and a £40.9k loss in the year to 31 Dec 2025. read from filing text

Ocean Farm Services Ltd’s revenue fell 19% to £10m in the year to 31 Dec 2025, with a loss of £40.9k and 65 employees. The company is classified under “sea and coastal freight water transport” and is based in Lerwick; we hold 4 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 50200Sea and coastal freight water transport

Status: Active
Location: Lerwick, Scotland
Age: 8 yrs · since 2018
Type: Private Limited Company

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 ultimate controlling parties are as follows:”

Latest accounts · year to 31 Dec 2025

Key figures

Cash flow filed

Revenue

£10m

Growth ▼19.2%

Profit

−£40.9k

Growth ▼101.7%

Profit margin

−0.4%

Gross 62.9%

Employees

Change ▼1.5%

Profit / employee

−£629

Revenue/employee £154k

Profitable streak

0yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£8.2m	£10.4m	£12.4m	£10m
Cost of sales	£3.6m	£3.5m	£3.8m	£3.7m
Gross profit	£4.6m	£6.8m	£8.5m	£6.3m
Operating profit	£1m	£1.8m	£5m	£1.2m
Profit before tax	£286k	£229k	£3.1m	−£42.3k
Profit after tax	−£421k	£134k	£2.4m	−£40.9k
Profit (best available)	−£421k	£134k	£2.4m	−£40.9k
Staff costs	£3.3m	£3.6m	£3.8m	£3.6m
Employees (average)	63	67	66	65
Ratios
Profit margin	−5.1%	1.3%	19.2%	−0.4%
Gross margin	56.3%	66.2%	68.9%	62.9%
Revenue per employee	£130k	£155k	£187k	£154k
Profit per employee	−£6.7k	£2k	£35.9k	−£629
Cash conversion	−399.8%	−164%	−75.3%	−172.1%
Growth (year on year)
Revenue growth	—	▲26.2%	▲19.3%	▼19.2%
Profit growth	—	—	▲1672%	▼101.7%
Headcount growth	—	▲6.3%	▼1.5%	▼1.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£36.2k	£86.4k	£1.9m	£1.5m
Net assets	£3m	£3m	£5.1m	£7.2m
Fixed assets	£28.1m	£35.2m	£26.5m	£29.4m
Current assets	£1.5m	£2.3m	£4.5m	£3.8m
Debtors	£866k	£1.3m	£1.3m	£1.1m
Deferred income	£638k	£1.1m	£888k	£185k
Cash from operations	−£4.1m	−£2.9m	−£3.7m	−£2.1m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: −0.4%; Profit ÷ revenue.
Gross margin: 62.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £154k; Revenue ÷ average employees.
Profit per employee: −£629; Profit ÷ average employees.
Cash conversion: −172.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 294.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.5%; 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: ▲40%; Now £7.2m
Cash at bank: ▼23%; Now £1.5m
Headcount: ▼2%; Now 65
Deferred income: ▼79%; Now £185k
Fixed assets: ▲11%; Now £29.4m

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

Minority corporate shareholders

North Isles Marine Limited 25–50%
Aurora Marine Ltd. 25–50%

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 2025 (profit −£40.9k), from the Companies House accounts bulk data published May 2026. 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.