Flyingfish Seafoods Company Limited

Flyingfish Seafoods Company Ltd, based in Indian Queens, UK, is a sizable operation with an active status, having been established eighteen years ago. The company, a holding company, employs 113 people and boasts assets of £3,311,627, generating a yearly revenue of £22,183,934. With three directors and one owner, and a stellar 5.0 Google rating from 13 reviews, it’s a well-regarded player in the seafood industry. Regular imports of fish and shellfish have been ongoing for 38 months, with the last operation taking place in January 01, 2025.

The company's website is not available, so it’s impossible to determine if they operate an e-commerce platform. This suggests their sales are likely wholesale or business-to-business, rather than direct-to-consumer.

Financially, Flyingfish Seafoods Company Ltd presents a mixed picture. While turnover remained steady at £22,000,000, net assets decreased by 11% to £4,100,000. Bank borrowings have disappeared entirely, a positive sign, but cash reserves have fallen by a significant 84% to £140,000. Creditors have also decreased by 27%, which could indicate improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million and balance sheet total over £18 million. The lack of an auditor is expected given its size and exemption status.

The decrease in cash reserves, despite steady turnover, warrants further investigation. It could be due to increased working capital needs to support sales, investments in equipment, or perhaps increased operating expenses. The fact that bank borrowings have vanished suggests the company has been able to manage its debt effectively, but the reliance on creditors is something to keep an eye on. The company's strong Google rating and consistent import activity indicate a solid reputation and reliable supply chain, but the financial trends suggest a need for careful management in the coming year.

Registered in England/Wales under the registration number 05850222, with a registered address at TR9 6JP, United Kingdom, Indian Queens, Cornwall, Old School Industrial Park, Moorland Road.

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