Oceansaver Ltd

Oceansaver Ltd, based in Leeds, UK, is a small, active company founded six years ago. Employing nine people and holding £678,662 in assets, it operates from a virtual address – a detail flagged as potentially unusual given eighty-seven companies are registered at the same location. The company is led by four directors, though no individual owners are officially listed. Oceansaver Ltd regularly imports and exports soaps, cleaning products, and waxes, with a history of fourteen months of importing and six months of exporting as of January 2025.

The company’s website, OceanSaver, is a fully functional e-commerce platform. It sells eco-friendly cleaning products—dish, laundry, and general cleaning solutions—directly to consumers. The site features a clean design, customer reviews (averaging 4.85 stars), and a strong emphasis on sustainability, highlighting the products' plastic-free nature and commitment to ocean safety. The website also prominently displays a "Save 10 on your first order" promotion, indicating a focus on customer acquisition.

Financially, Oceansaver Ltd presents a mixed picture. While current assets increased by 22% to £680,000, net assets decreased significantly by 38% to -£3,700,000. Bank borrowings surged by 350% to £39,000, and cash reserves decreased by 4.5% to £120,000. Trade debtors plummeted by 63%, suggesting better collection practices, while creditors increased dramatically by 200% to £360,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The sharp decline in equity, despite increased assets, is a cause for concern. It suggests the company may be burning through cash to fuel growth or facing increased costs. The reliance on bank borrowings to cover these costs could create financial strain in the long run. The company's focus on sustainable products and direct-to-consumer sales is a positive trend, but its ability to manage its finances effectively will be crucial for its long-term success.

Registered in England/Wales under the registration number 11356014, with a registered address at LS1 2NE, England, Leeds, 3 Park Square East.

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