OCEAN TILES AND BATHROOMS LTD

🏛️Establishedactive
NI649548 · ltd · incorporated 2017-11-28
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£38.5k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 74-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 74). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £38,482

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£38k
↑ 974% YoY
Current Assets
£74k
↓ 23% YoY
Current Liabilities
—
£0£19k£39k£58k£77k£97kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£31.9k£19.9k
Current assets£74.3k£96.7k
Net assets£38.5k£3.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-04-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-04-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-04-10
    ➕
    MC DAID, Daniel appointed
    director
  7. 2025-04-10
    ➖
    GALLAGHER, Brian resigned
    director
  8. 2024-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-03-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2022-02-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2022-02-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2021-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2019-02-23
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2019-02-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2017-11-28
    🏢
    Company incorporated
    As OCEAN TILES AND BATHROOMS LTD
  20. 2017-11-28
    ➕
    O'KANE, Gregory appointed
    director
  21. 2017-11-28
    ➕
    GALLAGHER, Brian appointed
    director
  22. 2017-11-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Gregory O'Kane
Individual · Irish · DOB 04/1977 · age 49
25–50%
—25-50% shares10/04/2025
1 historic (ceased) PSC
  • Brian Gallagherceased 10/04/2025· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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———70022y8782y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusactive
Typeltd
Incorporated2017-11-28
Jurisdictionnorthern-ireland
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

Unit 2d Pennyburn Industrial Estate
Derry
Londonderry
BT48 0LU
Northern Ireland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13

Officers (2 active · 1 resigned)

MC DAID, Daniel→
director · ~74y · appointed 2025-04-10
View their other companies + combined net worth →
Active
O'KANE, Gregory→
director · ~49y · appointed 2017-11-28
View their other companies + combined net worth →
Active
GALLAGHER, Brian→
director · ~49y · appointed 2017-11-28 · resigned 2025-04-10
Resigned

Click a director name to see their full track record across all companies.

Recent filings (25 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-28
appoint-person-director-company-with-name-date
officers · AP01
2025-04-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-14
termination-director-company-with-name-termination-date
officers · TM01
2025-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-31
gazette-filings-brought-up-to-date
gazette · DISS40
2022-03-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-28