Ocean Shine Ltd

Ocean Shine Ltd, based in London UK, is a small, active company founded seven years ago in 2018. With a single employee and £52,756 in assets, it’s a solo-founded operation run by a director and owner, Keles Ahmet Ali. The business operates an e-commerce site selling a wide range of boats and marine equipment. The website, Ocean Shine, showcases a vast selection, from inflatable Ribtech boats to luxury yachts, sailing boats, and even trawlers—catering to both recreational and commercial clients. The site also features a section dedicated to marine equipment and projects, suggesting a broader service offering beyond just sales.

The website’s extensive catalog reveals a focus on high-end vessels, with brands like Moonday, Ribtech, and Gwelio prominently featured. The site’s layout and product descriptions are professional, indicating a deliberate effort to appeal to a discerning clientele. While primarily focused on online sales, the site also mentions "contact us" and "projects," hinting at potential customization and brokerage services. It’s clear that Ocean Shine aims to be a one-stop shop for all things marine.

Financially, Ocean Shine Ltd presents a mixed picture. Current assets have decreased by 31%, falling to £53,000, while net assets have plummeted 6300%, landing at -£11,000. Bank borrowings have declined by 13%, settling at £35,000, and cash reserves have fallen by 74%, leaving just £1,600. Creditors have also decreased by 8.2%, but the significant drop in equity is concerning. 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 equity decline suggests potential cash flow challenges. No auditor is mentioned, and the accounts are unaudited, relying on director-reported data.

In short, Ocean Shine Ltd appears to be navigating a difficult financial period. While the website projects an image of a thriving marine business, the underlying financials reveal a company burning through cash. Whether the company can sustain its operations and turn its business around remains to be seen—but for now, it’s a story of potential and financial strain.

Registered in England/Wales under the registration number 11260630, with a registered address at N19 3AS, England, London, 2 Warltersville Mansions, Warltersville Road.

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