OCEAN AUTOMOTIVE (SWEDISH) LIMITED
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Cash
£271k
+53.3% highest in 4 filed years
Net assets
-£565k
+36.4% highest in 5 filed years
Employees
42
-8.7% vs 2024
Profit before tax
£432k
+93.4% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £27,318,275 | £36,272,135 | £30,536,332 | £28,598,761 | £31,164,214 | +9% | |
| Operating profit | £112,490 | £463,970 | -£95,083 | £418,993 | £616,968 | +47.3% | |
| Profit before tax | £64 | £377,552 | -£276,805 | £223,326 | £431,924 | +93.4% | |
| Net profit | £16,650 | £335,907 | -£211,865 | £193,872 | £324,102 | +67.2% | |
| Cash | £38,518 | £46,432 | — | £177,046 | £271,379 | +53.3% | |
| Total assets less current liabilities | -£1,187,208 | -£938,519 | -£1,030,453 | -£874,735 | -£532,116 | +39.2% | |
| Net assets | -£1,274,426 | -£938,519 | -£1,083,370 | -£889,498 | -£565,396 | +36.4% | |
| Equity | -£1,274,426 | -£938,519 | -£1,083,370 | -£889,498 | -£565,396 | +36.4% | |
| Average employees | 35 | 37 | 36 | 46 | 42 | -8.7% | |
| Wages | £963,002 | £1,076,008 | £1,173,997 | £1,463,326 | £1,515,740 | +3.6% | |
| Directors' remuneration | — | — | — | — | — | — |
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 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 0.4% | 1.3% | -0.3% | 1.5% | 2.0% | |
| Net margin | 0.1% | 0.9% | -0.7% | 0.7% | 1.0% | |
| Gearing (liabilities / total assets) | 114.0% | 116.8% | 130.9% | 128.6% | 115.2% | |
| Current ratio | — | — | 0.72x | 0.73x | 0.83x | |
| Interest cover | 1.00x | 5.37x | -0.52x | 2.12x | 3.33x |
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
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors of Ocean Automotive (Holdings) Limited continue to support the company and therefore ... the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. A formal support letter has been issued.”
Significant events
- “On 20 November 2025, the immediate parent company, Ocean Automotive (Holdings) Limited, was acquired by Van Mossel Automotive Group B.V.”
- “On 30 March 2026 the FCA introduced its motor finance consumer redress scheme. On 2 July 2026, the Upper Tribunal ordered the partial suspension of certain elements of the scheme pending the outcome of legal challenges.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| POLKINGHORNE, Alison Gail | Secretary | 2015-01-08 | — | — |
| POLKINGHORNE, Alison Gail | Director | 2015-01-08 | Jun 1970 | British |
| RUSSELL, Stephen Kenneth | Director | 2015-01-08 | May 1968 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KELLY, David John | Director | 2015-01-08 | 2025-11-20 |
| LITTON, James Peter | Director | 2016-01-04 | 2019-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocean Automotive (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 39 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-09 MA Memorandum articles
- 2025-12-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-09 | MA | incorporation | Memorandum articles | |
| 2025-12-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-10 | AA | accounts | Accounts with accounts type full | |
| 2025-08-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-04 | CH01 | officers | Change person director company with change date | |
| 2025-01-30 | CH01 | officers | Change person director company with change date | |
| 2025-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-07-09 | CH03 | officers | Change person secretary company with change date | |
| 2024-07-08 | CH01 | officers | Change person director company with change date | |
| 2024-07-08 | CH03 | officers | Change person secretary company with change date | |
| 2024-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-01 | AA | accounts | Accounts with accounts type full | |
| 2022-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.