OCEAN BIDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
None on the register
Cash
£50M
+48.9% vs 2023
Net assets
£22M
+15.5% vs 2023
Employees
287
+10.8% vs 2023
Profit before tax
£34M
+82% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £173,263,000 | £188,048,000 | |
| Operating profit | £18,130,000 | £23,592,000 | |
| Profit before tax | £18,814,000 | £34,250,000 | |
| Net profit | £16,206,000 | £29,027,000 | |
| Cash | £33,368,000 | £49,671,000 | |
| Total assets less current liabilities | £27,946,000 | £29,119,000 | |
| Net assets | £19,015,000 | £21,958,000 | |
| Equity | £19,015,000 | £21,958,000 | |
| Average employees | 259 | 287 | |
| Wages | £18,305,000 | £20,182,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 10.5% | 12.5% | |
| Net margin | 9.4% | 15.4% | |
| Return on capital employed | 64.9% | 81.0% | |
| Current ratio | 0.66x | 0.73x | |
| Interest cover | 1510.83x | 481.47x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have, at the time of approving the financial statements, a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- OCEAN BIDCO LIMITED · parent
- Ocean Outdoor UK Holdco Limited 100%
- Ocean Outdoor UK Limited 100%
- Signature Outdoor Limited 100%
- Mediaco Outdoor Limited 100%
- Forrest Outdoor Media Limited 100%
- Ocean Brands Limited 68%
- Ocean Outdoor Nederland B.V 100%
- Ocean Outdoor Nordics AB 100%
- Ocean Outdoor Norway A/S 100%
- Ocean Outdoor Sweden AB 100%
- Ocean Outdoor Denmark A/S 100%
- Ocean Outdoor Finland Oy 100%
- Ocean Outdoor Germany GmbH 100%
- Ocean Outdoor Local AB 100%
- Hvilepuls A/S 100%
Significant events
- “On 1 January 2024 there was a merger in the Netherlands, with the wholly owned subsidiaries Ngage Media B.V and DKTD Media B.V being merged into the wholly owned subsidiary Ocean Outdoor Nederland B.V.”
- “In October, the company received an offer to purchase the Group's investment in associate, Visual Art Sweden AB and its subsidiaries. The Board approved the sale of the business resulting in a gain of £10.5m, with cash proceeds of £16.0m received for its entire shareholding the the business.”
- “Further to this, in the UK, there was a restructure, with the UK trading companies, Ocean Outdoor UK Limited, Signature Outdoor Media Limited, Mediaco Outdoor Limited and Forrest Outdoor Media Limited, now all 100% owned subsidiaries of Ocean Outdoor UK Holdco Limited. Previously they were wholly owned direct subsidiaries of Ocean Bidco Limited. Ocean Bidco Limited remains the 100% owner of Ocean Outdoor UK Holdco Limited.”
- “On 2 July 2024, Ocean Outdoor Norway A/S made a bolt on acquisition, purchasing Hvilepuls A/S for £0.5m having identified potential synergies that could be realised.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BETHELL, Melissa, Lady | Director | 2024-01-31 | Sep 1974 | British |
| BLEAKLEY, Tim James | Director | 2012-05-16 | Oct 1965 | British |
| CAPLAN, David | Director | 2024-01-31 | Mar 1961 | American |
| JOSEPH, Stephen Zev | Director | 2012-05-16 | Oct 1980 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOSEPH, Stephen Zev | Secretary | 2012-05-16 | 2024-09-04 |
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2012-04-19 | 2012-05-16 |
| NEWCOMBE, Paul Alan | Director | 2012-04-19 | 2012-05-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Atoll Debtco Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-06-14 | Active |
| Ocean Jersey Topco Limited | Corporate entity | Shares 75–100% | 2019-10-16 | Ceased 2022-06-14 |
| Ocean Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2019-10-16 |
Filing timeline
Last 20 of 87 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-28 RESOLUTIONS Resolution
- 2023-12-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-10 | AA | accounts | Accounts with accounts type group | |
| 2025-01-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-28 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-10-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-28 | CAP-SS | insolvency | Legacy | |
| 2024-10-28 | SH20 | capital | Legacy | |
| 2024-09-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-18 | AA | accounts | Accounts with accounts type group | |
| 2024-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-12-23 | SH20 | capital | Legacy | |
| 2023-12-23 | CAP-SS | insolvency | Legacy | |
| 2023-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-26 | AA | accounts | Accounts with accounts type group | |
| 2023-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+8.5%
£173,263,000 £188,048,000
-
Cash
+48.9%
£33,368,000 £49,671,000
-
Net assets
+15.5%
£19,015,000 £21,958,000
-
Employees
+10.8%
259 287
-
Operating profit
+30.1%
£18,130,000 £23,592,000
-
Profit before tax
+82%
£18,814,000 £34,250,000
-
Wages
+10.3%
£18,305,000 £20,182,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers