Online Ocean Ltd

Online Ocean Ltd from London UK: small company, active status, founded 5 years ago, accounts overdue 9 months, confirmation overdue 2 years, £14,245 assets, virtual address, 1 director, 1 owner. It’s a small, active company registered in England/Wales with the registration number 12212931. Founded five years ago on September 18, 2019, it’s based at 690 Romford Road, London, but the address is probably virtual as fifteen companies registered there. The company operates in the retail sale via mail order houses or via internet, and other service activities n.e.c. industries. Officially, it has one owner or PSCs, one director and no number of employees published.

The company’s website, ocean-telecom.co.uk, reveals a business focused on providing business phone systems and communications solutions, primarily in Suffolk and East Anglia. They offer cloud VoIP phone systems, business internet connectivity, mobile packages, and a range of other services including CCTV, WiFi, and video conferencing. The site highlights their expertise in helping businesses improve efficiency and profitability, and even features a testimonial from a satisfied customer praising their softphone system installation. It’s clear that Ocean Telecom is positioning itself as a one-stop shop for business communication needs.

Financially, Online Ocean Ltd presents a mixed picture. Current assets have plummeted by 60%, dropping to just £14,000, while net assets are a negative £38,000. Bank borrowings remain steady at £50,000, but cash reserves have fallen by 76%, leaving just £570. Creditors have also increased, and the company’s debts are higher than its assets. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, Online Ocean Ltd appears to be struggling financially. The significant decline in assets and cash reserves, combined with increasing debts, suggests the company is burning through money. While the telecom business seems active and well-positioned, the financial pressures are a cause for concern. It’s likely that the company is facing challenges in managing its cash flow and maintaining profitability.

Registered in England/Wales under the registration number 12212931, with a registered address at E12 5AJ, England, London, 690 Romford Road.

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