Atlantic Ocean Seafood Limited

Atlantic Ocean Seafood Ltd from Grimsby UK: a small, active company founded 17 years ago, employs 11 people, and holds £494,623 in assets. It's a family business with four directors and two owners, boasting a stellar 5.0 Google rating from five reviews. The company regularly imports fish and seafood, including shellfish and other water creatures, with 38 months of import activity recorded, the last in December 2023.

The company operates as a wholesale supplier, sourcing and distributing seafood to various clients. Its website, while simple, highlights a commitment to "sustainably sourcing fish today to ensure a supply tomorrow," suggesting a focus on ethical and responsible practices. It seems like they're primarily focused on B2B sales rather than direct-to-consumer e-commerce.

Financially, Atlantic Ocean Seafood Ltd presents a mixed picture. While cash reserves increased by 11% to £56,000, net assets decreased by 9.4% to £290,000. Bank borrowings have decreased significantly, falling 46% to £36,000, which is a positive sign. However, accumulated depreciation impairment property plant equipment has increased by 34%, which could indicate aging equipment. Trade debtors have increased by 12% to £420,000, which might be a sign of slower customer payments, or perhaps they’re extending credit terms. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. As a small company, it’s exempt from an audit, so the figures are unaudited.

It appears Atlantic Ocean Seafood Ltd is navigating a period of change. While they’re managing debt effectively, the decrease in equity and increase in depreciation suggest they may need to invest in new equipment or address operational inefficiencies. Their strong Google rating and focus on sustainability position them well, but financial stability will be key to long-term success.

Registered in England/Wales under the registration number 06546518, with a registered address at DN31 3AG, England, Grimsby, Lincolnshire, 2 Prince Albert Gardens.

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