OCEAN BIDCO LIMITED
Operating as a subsidiary of Atoll Holdco Ltd, the company acts as a holding vehicle for the Ocean Outdoor out-of-home advertising group.
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Cash
£66m
+32.5% highest in 3 filed years
Net assets
£5.2m
-76.4% lowest in 3 filed years
Employees
314
+9.4% highest in 3 filed years
Profit before tax
£32m
-6.1% vs 2024
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £173,263,000 | £188,048,000 | £197,500,000 | +5% | |
| Operating profit | £18,130,000 | £34,064,000 | £31,607,000 | -7.2% | |
| Profit before tax | £18,814,000 | £34,250,000 | £32,155,000 | -6.1% | |
| Net profit | £16,206,000 | £29,027,000 | £26,246,000 | -9.6% | |
| Cash | £33,368,000 | £49,671,000 | £65,821,000 | +32.5% | |
| Total assets less current liabilities | £27,946,000 | £29,119,000 | £57,972,000 | +99.1% | |
| Net assets | £19,015,000 | £21,958,000 | £5,193,000 | -76.4% | |
| Equity | £19,015,000 | £21,958,000 | £51,930,000 | +136.5% | |
| Average employees | 259 | 287 | 314 | +9.4% | |
| Wages | £18,305,000 | £20,182,000 | £20,718,000 | +2.7% | |
| Directors' remuneration | £1,293,000 | £1,432,000 | £1,285,000 | -10.3% | |
| Directors' pension contributions | £18,000 | £19,000 | — | — | |
| Highest paid director | £610,000 | £636,000 | £639,000 | +0.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.5% | 18.1% | 16.0% | |
| Net margin | 9.4% | 15.4% | 13.3% | |
| Return on capital employed | 64.9% | 117.0% | 54.5% | |
| Gearing (liabilities / total assets) | 91.2% | 88.5% | 97.4% | |
| Current ratio | 0.66x | 0.73x | 0.91x |
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. Accordingly, the financial statements continue to be prepared on a going concern basis.”
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%
Significant events
- “In January 2025 Hvilepuls A/S, a 100% owned Norwegian subsidiary of the Group was merged into Ocean Outdoor Norway A/S in order to simplify the Group structure.”
- “In January 2025, the Group acquired the business operations of Ulcona, a company based in Finland...”
- “Ocean Outdoor Germany launched its screen network at Hamburg Uberseequartier...”
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 88 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-28 RESOLUTIONS Resolution
- 2023-12-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 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 |
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.