Vocean Ltd

Vocean Ltd, based in Edinburgh, UK, is a small, active company founded 23 years ago. With just two employees and £317,848 in assets, it operates from a virtual address – a detail flagged by the fact 25 companies are registered at the same location. The company is led by a solo founder and director, Moore Timothy Ian, who also owns the business. Vocean is a regular importer of electrical machinery and equipment, with 12 months of import activity recorded, the latest in January 2025.

The company’s website showcases a specialized focus on ROV (Remotely Operated Vehicle) solutions for the submerged environment. Vocean offers rental services for Saab Seaeye Falcon ROVs, alongside associated accessories and specialist survey services. It provides ROV control systems, inspection services, and even undertakes 3D visualization using photogrammetry. The website details a range of activities, including inspection class ROV surveys, tunnel surveys, and support for the offshore oil and gas and renewable energy sectors. It’s clear Vocean is targeting a niche market within the subsea technology industry.

Financially, Vocean Ltd’s report reveals a mixed picture. While cash reserves increased by a substantial 31% to £140,000, net assets grew by 160% to £180,000, suggesting a period of growth. However, bank borrowings decreased by 46% to £12,000, and corporation tax payable increased significantly by 570% to £49,000. Creditors also increased by 150% to £160,000. The number of employees reported during the period increased by a staggering 100% to four, which may explain some of the financial changes. Despite being a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the increased tax liability and growing creditors could indicate a need for careful financial management. The report is unaudited, relying on director-reported data, and no auditor is mentioned. Overall, Vocean Ltd appears to be a growing business, but it's important to monitor its financial health closely.

Registered in Scotland under the registration number SC220965, with a registered address at EH3 7BD, Edinburgh, 22 Stafford Street.

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