Ocean Eleven Ltd

Ocean Eleven Ltd, based in Saundersfoot, UK, is a small, active company founded just three years ago. With two employees and £72,446 in assets, it’s a modest operation managed by two directors and a single owner. The company regularly imports clothing and accessories (excluding knitted or crocheted items), with the most recent import activity recorded three months ago. Its registered address is real, with only one other company registered there.

The company’s website paints a picture of a dynamic firm focused on real estate, infrastructure, mining, logistics, and drilling. It aims to become a leading player in these industries, emphasizing innovation, integrity, and a client-centric approach. The website highlights expertise in real estate investment, mining logistics, and even well water/borehole drilling services. It’s a broad scope for a small company, suggesting a desire to diversify and capitalize on various opportunities.

Financially, Ocean Eleven Ltd shows some positive trends, but also areas of concern. Current assets increased by 26% to £72,000, and equity jumped 140% to £60,000 – a significant boost. Cash reserves also saw a healthy 45% increase to £60,000. However, creditors decreased by 58% to £15,000, and net losses deepened to -£23,000. Bank borrowings increased by 2,400% to £29,000. The company meets the criteria to be classified as small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the financial statements are unaudited.

The surge in bank borrowings, alongside the deepening net losses, suggests the company may be burning through cash to fuel its expansion into diverse sectors. While the increase in assets and cash reserves is encouraging, it’s crucial to monitor the company’s cash flow and profitability in the coming months.

Registered in England/Wales under the registration number 13925534, with a registered address at SA69 9PA, United Kingdom, Saundersfoot, Holly House, Broadfield Hill.

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