Bell's Seafoods Ltd

Bell’s Seafoods Ltd, based in Thurso, UK, is a small, family-run business with an active trading status. Founded twelve years ago in 2012, the company employs twenty-two people and holds £1,278,157 in assets. With a real registered address and two directors and two owners at the helm, it’s a tight-knit operation. The firm regularly imports fish and seafood, including shellfish and other water creatures, with four months of import activity recorded, the last in February 2022. It also exports these products, with five months of export activity, the latest in January 2025.

The company’s website, bellsseafood.com, reveals a unique business model: a mobile fish delivery service. Rather than a traditional retail store, Bell’s Seafood operates a fleet of refrigerated vans that travel throughout the Scottish Highlands, delivering fresh fish directly to hotels, restaurants, and residents. Customers can track the vans’ locations in real time and meet drivers at designated stops or arrange for home deliveries. The website lists seven vans, each with its own timetable and contact information. This innovative approach allows Bell’s Seafood to reach customers in remote areas and maintain the freshness of its products.

Financially, Bell’s Seafood Ltd shows some concerning trends. Current assets decreased by 11% to £1,300,000, while net assets dropped 3.3% to £670,000. Bank borrowings surged by 2.5% to £10,000, and cash reserves fell 46% to £320,000. On the upside, creditors decreased by 2.6%, suggesting better debt management. 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 decline in cash reserves raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s significant increase in trade debtors by 5.7% suggests that customers are taking longer to pay, which could be a challenge. It’s also worth noting the substantial increase in other creditors by 79%, which could be related to increased supplier costs. Overall, Bell’s Seafood Ltd appears to be facing some financial pressures, but its innovative delivery model and strong local presence may help it weather the storm.

Registered in Scotland under the registration number SC429720, with a registered address at KW14 8BQ, Thurso, 24 Durness Street.

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