Oceanium Ltd

Oceanium Ltd, based in Oban, UK, is a small, active company founded six years ago in 2018. With 20 employees and £945,941 in assets, it operates from a real address within The European Marine Science Park. The company has four directors, but surprisingly, no owners are reported, which is a bit unusual. It’s a regular importer of machinery, boilers, and mechanical appliances, with parts arriving every three months, and an irregular exporter, with parts shipped roughly monthly.

The company's website paints a picture of an innovative business focused on seaweed-derived ingredients. Oceanium develops and manufactures these ingredients for use in food, health, and materials, aiming to drive systemic change. Their products are divided into four categories: Health & Wellness (OCEAN ACTIVES H), Skincare (OCEAN ACTIVES C), Pet Food (OCEANIUM PET), and a unique, sustainable ink (OCEAN INK). Recent news highlights collaborations with WWF and Kreglinger, demonstrating a commitment to conservation and expanding market reach. The site also features a blog with updates on seaweed farming and biodiversity.

Financially, Oceanium Ltd shows a mixed picture. While cash reserves dropped significantly by 63% to £610,000, creditors increased by 29% to £430,000. Net current assets also took a hit, falling 73% to £510,000. Bank borrowings were eliminated entirely, a positive sign, but convertible bonds increased by a significant amount. Equity also decreased, though it’s important to note that the company has elected not to include a copy of the profit and loss account within the financial statements. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Oceanium Ltd appears to be navigating a period of change. While the company’s innovative products and collaborations suggest potential for growth, the declining assets and rising creditors indicate financial pressures. It will be interesting to see how the company manages these challenges and whether its unique seaweed-based solutions can drive sustainable success.

Registered in Scotland under the registration number SC600414, with a registered address at PA37 1SZ, Scotland, Oban, Malin House, Suite10 The European Marine Science Park, Dunbeg.

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