East Neuk Shellfish Limited

East Neuk Shellfish Ltd from St Andrews UK: small company, active status, founded 14 years ago, 19 employees, £463,810 assets, real address, 3 directors, 2 owners. Regular importer of fish and seafood, including shellfish and other water creatures (3 months imported). Regular exporter of fish and seafood, including shellfish and other water creatures (229 months exported). It’s a small, family-run business with a long history of importing and exporting seafood.

The company operates in the retail sale of fish, crustaceans and molluscs in specialised stores, and its website, while basic, suggests a focus on quality and direct-to-consumer sales. It’s not clear if they have an e-commerce presence, but the focus seems to be on wholesale and direct sales to restaurants and retailers.

Financially, East Neuk Shellfish Ltd is showing some concerning trends. Current assets have fallen by a significant 25%, dropping to £460,000, while net assets have also declined, falling 15% to £400,000. Bank borrowings have increased by 35%, reaching £48,000, and cash reserves have decreased by 11% to £4,100. Creditors have also fallen by 18%, which could indicate better management of short-term debts. 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 assets and cash raises questions about its financial health. No auditor is mentioned, which is typical for a small company exempt from an audit.

The sharp drop in net assets and cash reserves suggests the company may be burning through money, perhaps due to increased operating costs or a slowdown in sales. The rise in bank borrowings indicates a reliance on debt financing, which could be a risk if sales don't improve. It’s likely the company is facing challenges in the current economic climate, but its long history of exporting and its focus on high-quality seafood could help it weather the storm.

Registered in Scotland under the registration number SC393172, with a registered address at KY16 9DR, St Andrews, Fife, Kinburn Castle, Double Dykes Road.

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