Ocean Phoenix International Ltd

Ocean Phoenix International Ltd, based in Aberdeen, UK, is a small, active company founded four years ago. With four employees and £2,525,847 in assets, it operates from a virtual address shared by ten other companies. The company is led by four directors and has one owner, who is also the solo founder. It's an irregular importer, primarily dealing with optical and medical tools and devices, with its last import operation occurring one month ago in May 2023.

The company’s website showcases a specialist marine and hydrographic survey support service, established in 2020 by offshore industry veteran Peter Simkins. It caters to the renewable energy, oil, gas, and energy sectors, offering services like consultancy, technical manpower, and dimensional control. The website highlights the company’s commitment to innovative technology and experienced personnel, positioning itself as a key provider in the transition to greener energy. It even mentions a connection to Oceanfix International Ltd, a company with a long history in the same field.

Financially, Ocean Phoenix International Ltd presents a mixed picture. Cash bank on hand has seen a remarkable increase of 1,100%, reaching £300,000, while creditors have risen by 28% to £1,800,000. However, accumulated depreciation impairment for property, plant, and equipment has also increased significantly by 140% to £180,000. The company’s net assets have grown by 150% to £1,000,000, and trade debtors have increased by 44% to £2,200,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors and depreciation could indicate a need to carefully manage expenses. No auditor is mentioned, which is likely due to its status as a small company exempt from an audit.

Registered in Scotland under the registration number SC668607, with a registered address at AB10 6SD, United Kingdom, Aberdeen, 31-33 Union Grove.

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