Oceanic Saunas Limited

Oceanic Saunas Ltd, based in Wolverhampton, UK, is a small, active company established 21 years ago. With 25 employees and £2,856,746 in assets, it’s a well-established player in the sauna and steam room market. The company operates from a real address and is overseen by four directors and one owner, Jones Kenneth William. Its e-commerce site showcases a wide range of products, from traditional Finnish saunas to modern steam rooms, and boasts a stellar 5.0 Google rating from 57 reviews. Oceanic Saunas is a regular importer of electrical machinery and equipment, with 126 months of import activity recorded, and a regular exporter of furniture, lighting, and prefabricated buildings, with 68 months of export activity.

The company’s website clearly positions it as a leader in the sauna and steam room industry, offering both ready-to-go styles and bespoke design options. It caters to both residential and commercial customers, emphasizing quality, craftsmanship, and customer support. The site’s blog content reinforces its expertise in heat therapy and safety solutions, demonstrating a commitment to educating customers and building trust. The business operates in the wholesale of hardware, plumbing and heating equipment and supplies industries.

Financially, Oceanic Saunas Ltd shows a mixed picture. Current assets rose by 2.5% to £2,900,000, while net assets increased by 22% to £1,800,000. However, cash reserves fell by 9.4% to £2,100,000, and trade debtors increased significantly by 110% to £580,000—a potentially concerning trend. Bank borrowings decreased by 17% to £1,100,000, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in debtors warrants further attention. The company is exempt from audit.

The company’s recent trends suggest it’s navigating a competitive market while maintaining a strong reputation. While the rise in debtors could indicate challenges in collecting payments, the overall financial health appears stable. It’s likely that the company is investing in growth and expansion, which could explain some of the changes in its financial performance.

Registered in England/Wales under the registration number 05090100, with a registered address at WV2 4HX, Wolverhampton, West Midlands, Pountney Street, Pountney Street.

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