Tri Ocean Products Limited

Tri Ocean Products Ltd from Plymouth UK: a small, active company established 18 years ago, employs six people, and holds £508,626 in assets. It operates from a virtual address – forty companies registered at the same location – and is led by a solo founder who also serves as director and owner. The business runs an e-commerce site and enjoys a stellar 5.0 Google rating from seventy reviews. It's a regular importer of toys, games, and sports equipment, with recent activity in November 2024.

The company’s website showcases a retail operation specializing in sports goods, fishing gear, camping goods, boats, and bicycles. It's a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s a tight-knit operation, with Grover David as both director and owner.

Financially, Tri Ocean Products Ltd presents a mixed picture. Current assets have declined by 17%, dropping to £510,000, while net assets have also fallen by 13%, settling at £490,000. Cash reserves have increased by a significant 32%, reaching £130,000, which is a positive sign. However, trade debtors have plummeted by 84%, suggesting potential issues with customer payments. Bank borrowings have also decreased, and creditors have fallen considerably. The company’s small size allows for agility, but the decline in assets warrants attention. No auditor is mentioned, likely due to its small company status.

The company’s financial data also reveals an increase in average employees from six to seven, which could be a result of increased workload. It’s worth noting that the company’s turnover and profits are not explicitly stated, making it difficult to fully assess its financial health. Overall, Tri Ocean Products Ltd seems to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 05956327, with a registered address at PL6 8LT, United Kingdom, Plymouth, Devon, C/O Westcotts (Sw) Llp Plym House, 3 Longbridge Road, Marsh Mills.

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