Ocean King Ltd

Ocean King Ltd from Derby UK is a small holding company with an active status, established fourteen years ago in 2010. Employing thirty-one people, the company holds £2,270,035 in assets and operates from a real address. With four directors and one owner, Ocean King Ltd runs an e-commerce site and maintains a Google rating of 4.0 based on eighteen reviews. It's a regular importer, specializing in meat, fish, and seafood preparations, with nineteen months of import activity recorded, the last in December 2024.

The company’s core business revolves around wholesale food, specifically fish, crustaceans, and molluscs, as indicated by its industry classification. Its website is not readily available, so the extent of its e-commerce operations remains unclear.

Financially, Ocean King Ltd presents a mixed picture. Current assets have decreased by 1.1% to £2,300,000, while net assets remain stable at £1,300,000. Bank borrowings have increased significantly, rising by 700% to £75,000, and cash reserves have fallen by 51% to £300,000. Creditors have also increased by 4.7% to £1,300,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The increase in bank borrowings and decrease in cash reserves, however, suggest potential cash flow pressures, though it's possible this is due to increased inventory purchases to support import activity. With no auditor mentioned, the financial statements are unaudited.

The company's reliance on regular imports, particularly of perishable goods, could make it vulnerable to supply chain disruptions. While the Google rating indicates customer satisfaction, the financial figures suggest a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 07360740, with a registered address at DE24 8ZF, England, Derby, Derbyshire, Victory Park Way, Victory Park.

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