OCEAN 2 REALISATIONS LIMITED
Company number 03143112 · Monitor this company
The annual accounts for this company are overdue.
Executive summary
Ocean 2 Realisations Limited (formerly Corrotherm International) operated as a mid-tier specialist distributor in the UK high alloy metals wholesale sector, a niche characterised by demanding technical specifications and premium pricing. However, the company's financial structure — with liabilities five times its equity, cash coverage of barely 1% of total assets, and 79% of current assets tied up in debtors — placed it far outside sector norms for liquidity and balance sheet strength. The inevitable consequence of this over-leveraged working capital model, combined with supply chain disruption and commodity price volatility, has been the company's entry into administration. The renaming to "Realisations" confirms the entity is now in an insolvency wind-down process, with creditors facing significant exposure against limited asset recovery prospects.
Shareholders' funds
£1,133,163
Balance sheet as at 2024-04-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 1996-01-03
- Registered office
- C/O Begbies Traynor (Central) Llp 2nd Floor Endevour House, 3 Meridians Cross Ocean Way, Southampton, SO14 3TJ
- Postcode
- SO14 3TJ
- Capital
- 1,332 GBP
- Accounts category
- Small
- Charges
- 5 outstanding
Accounts
- Last made up to
- 2024-04-30
- Next due by
- 2026-01-31 Overdue
- Financial year end
- 30 April
Confirmation statement
- Last statement dated
- 2025-08-28
- Next due by
- 2026-09-11
Nature of business (SIC)
- 46720 Wholesale of metals and metal ores
Officers 6 current · 4 resigned
Group structure
Controlled by CIL UK HOLDINGS LIMITED — since 2020-06-17
From persons-with-significant-control filings on the public register.
Contact details
- Website
- http://www.corrotherm.co.uk
Previous company names
| Name | Date changed |
|---|---|
| CORROTHERM INTERNATIONAL LTD | 2026-03-04 |
Previous registered addresses 6
| Address | Changed on |
|---|---|
| JAMES COWPER KRESTON THE WHITE BUILDING, 1-4 CUMBERLAND PLACE, SOUTHAMPTON, SO15 2NP, ENGLAND | 2017-05-16 |
| ARCADIA HOUSE MARITIME WALK, SOUTHAMPTON, SO14 3TL | 2016-03-15 |
| HIGHFIELD COURT TOLLGATE, CHANDLERS FORD, EASTLEIGH, HAMPSHIRE, SO53 3TY | 2013-12-02 |
| COLLEGE KEEP, 4-12 TERMINUS TERRACE, SOUTHAMPTON, HAMPSHIRE SO14 3QJ | 1999-10-08 |
| FIANDER TOVELL, 63/64 THE AVENUE, SOUTHAMPTON, HANTS SO17 1XS | 1998-09-07 |
| 1ST FLOOR OFFICES, 8-10 STAMFORD HILL, LONDON, N16 6XZ | 1996-01-15 |
The class of 1996
45%
of the 41,233 companies incorporated in 1996 are still active today; 52% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Leasehold
- 1
- Most recent registration
- 2020-07-01
- Where
- Hampshire
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| HP846959 | Hampshire | Leasehold | 2020-07-01 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.