Abalifish Uk Ltd

Abalifish Uk Ltd is a small, active company based in London, UK, established just one year ago in May 31, 2023. With £684,411 in assets and a real registered address, it’s a family-run operation employing two people and overseen by two directors and owners. The company regularly imports fish and seafood, including shellfish and other water creatures, with 14 months of import activity recorded, the latest in March 2024.

The company’s website, abalifish.com, paints a picture of a thriving business specializing in fresh, high-quality fish products. Operating under the banner of ABL Foods, it emphasizes its 50-year heritage and commitment to sustainable practices. The site showcases a range of products, from sea bass to salmon, and highlights its innovative “ak deniz” (open sea) farming system. Abalifish also boasts a strong international presence, exporting to countries like Holland, France, Italy, and the U.S.A. The site’s design is very modern, and it’s clear they are trying to project a high-end image.

Financially, Abalifish Uk Ltd presents a mixed picture. Cash bank on hand remains steady at £210,000, but creditors increased to £680,000, and debtors are at £470,000. Equity is low, at just £1,500, and net assets liabilities are also £1,500. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) allows for flexibility. The unaudited accounts, prepared using VT Final Accounts software, show a focus on short-term liabilities and a reliance on trade credit.

While the company appears to be active in importing and exporting seafood, the low equity and high creditors suggest it's burning through cash. The lack of an auditor mentioned (likely exempt as a small company) means the financial picture relies on director-reported data. Whether Abalifish can sustain its growth and international reach remains to be seen, but its commitment to quality and sustainability positions it well in the competitive seafood market.

Registered in England/Wales under the registration number 14904861, with a registered address at W1W 6PF, England, London, 106 Great Portland Street, (2nd Floor).

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