Mocean Energy Ltd

Mocean Energy Ltd from Edinburgh, UK, is a small, active company founded eleven years ago in 2013. With twenty employees and £1,011,144 in assets, it operates from a virtual address – a fact highlighted by the presence of 138 other companies registered at the same location. The company has six directors and two owners, though the owner list hasn’s changed in nine years. It’s an irregular importer, with its top import category being optical and medical tools and devices, totaling one month of imports as of June 2022.

Mocean Energy Ltd operates in the research and experimental development sector, specifically focusing on natural sciences and engineering. The company's website is currently unavailable, making it difficult to determine if it engages in e-commerce activities.

Financially, the company's performance presents a mixed picture. While cash reserves fell by nearly 4%, net assets experienced a significant drop of 95%, landing at -£370,000. Bank borrowings increased by a substantial 63%, reaching £10,000, while creditors jumped 92% to £680,000. Despite these challenges, trade debtors decreased by 10%, suggesting improved collection efforts. The company’s small size—meeting two of three conditions for being classified as small—allows for flexibility, but the substantial equity decline warrants attention. The company’s unaudited financial statements, due to its small size, are not reviewed by an auditor. The company’s average number of employees increased by 20%, from 20 to 24.

Registered in Scotland under the registration number SC461469, with a registered address at EH4 2HS, United Kingdom, Edinburgh, Suite 2, Ground Floor Orchard Brae House, 30 Queensferry Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.