Atlantic Fresh Limited

Atlantic Fresh Limited, based in Grimsby, UK, is a holding company with an active status, established nineteen years ago in December 2005. The company employs thirty-one people and holds assets valued at £5,518,600, generating an annual revenue of £14,879,774. It’s managed by three directors and owned by Gudmundsson Magnus and Jonsson Orn Eyfjord. Regular imports of fish and seafood, including shellfish and other water creatures, have been ongoing for forty-eight months, with the last import operation recorded in January 2022.

The company operates as a wholesale distributor of fish, crustaceans, and molluscs, and its website highlights a unique focus on traceability and quality. Atlantic Fresh emphasizes knowing the origin of its seafood – “we know where it was caught, when it was caught, and the fishermen who caught it.” The company uses electronic tags to track fish through the supply chain, ensuring shelf life and quality control. The website also references Fishupdate.com, a seafood industry news source, and mentions a partnership with Image Studios Ltd for website design and hosting.

Financially, Atlantic Fresh Limited presents a mixed picture. While turnover remained stable at £46 million, net assets dropped significantly by 27% to £2.8 million. Cash reserves plummeted by 62% to £1.1 million, while bank borrowings increased by 110% to £1.3 million. Creditors also rose by 20% to £2.1 million. Accumulated amortisation impairment intangible assets decreased by 18% to £35,000, and depreciation impairment property plant equipment increased by 20% to £260,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Atlantic Fresh Limited seems to be navigating a challenging financial environment, likely facing increased costs and potentially slower sales. The company’s focus on quality and traceability, however, positions it well to maintain its customer base and potentially weather the storm.

Registered in England/Wales under the registration number 05654335, with a registered address at DN31 3QJ, Grimsby, South Humberside, Grimsby Fish Market, Wharncliffe Road.

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