Coquet Island Shellfish Limited

Coquet Island Shellfish Ltd from Morpeth UK: a large company, holding company, active status, founded 21 years ago, employing 78 people, boasting £4,200,989 in assets, and generating £19,090,039 in yearly revenue. It has a real address, five directors, one owner, a 3.0 Google rating based on six reviews. The company is an irregular importer of plastics and plastic products (two months imported), and a regular exporter of fish and seafood, including shellfish and other water creatures (98 months exported).

Coquet Island Shellfish Ltd operates from Coquet Enterprise Park, Amble, Northumberland, and provides fresh, premium-quality shellfish. Its website showcases its offerings, including King and Queen Scallops and Langoustines, and highlights its customer base across Europe. The company even has a dedicated section for Covid-19 updates. It's clear they're focused on direct sales through their website, with no obvious e-commerce functionality beyond contact information and product listings.

Financially, Coquet Island Shellfish Ltd presents a mixed picture. While turnover remains substantial at £19,090,039, net assets have decreased, and cash reserves have fallen by a significant 46% to £490,000. Bank borrowings have also decreased, suggesting a reduction in debt. The company meets the criteria for a large company, having met two of three conditions: turnover exceeding £36 million, balance sheet total exceeding £18 million, and average number of employees exceeding 250. The lack of auditor details suggests they are exempt from an audit.

The company’s irregular import activity, limited to plastics and plastic products, contrasts with its consistent export of seafood. The drop in cash reserves, despite robust turnover, raises questions about cash flow management. It’s possible that increased costs or delayed payments are contributing factors. The company’s long-standing presence and established customer base, however, suggest a resilient business model.

Registered in England/Wales under the registration number 04874060, with a registered address at NE65 0PE, England, Morpeth, Coquet Island Shellfish Coquet Enterprise Park, Amble.

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