Freedom Fish Limited

Freedom Fish Ltd, based in Fraserburgh, UK, is a small, active company founded 30 years ago. Employing just two people, it’s a solo-founded operation with three directors and a single owner, Ernest Simpson. The company operates in the marine fishing industries and is an irregular importer, primarily dealing in textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables, with the last import activity recorded one month ago. It also owns companies like Harris & Garrod (holdings) Limited and Mill of Blackford LLP.

The company’s website, Freedom Fisheries, paints a picture of a family-run business focused on farm-raised aquaculture and agriculture products. It emphasizes sustainable farming practices, educational programs, and providing jobs to an underserved community. The website highlights various fish species like Hybrid Striped Bass, Lake Trout, Bluegill, Tilapia, and White Shrimp, alongside a detailed explanation of its aquaculture methods and a commitment to locally-grown, fresh fish.

Financially, Freedom Fish Ltd shows some concerning trends. Cash bank on hand has plummeted 63%, dropping from £6.5 million to £2.4 million. Current asset investments have increased significantly by 90% to £10 million, while investments fixed assets are up 10% to £24 million. However, accumulated amortisation impairment intangible assets remained constant at £210,000. Debtor amounts decreased by 46% to £650,000, while creditors decreased by 13% to £860,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in cash reserves suggests it may be burning through money faster than it’s earning it. With no auditor mentioned, the unaudited figures rely on director-reported data. The company’s retained earnings accumulated losses are up 3.8% to £35 million.

Registered in Scotland under the registration number SC156998, with a registered address at AB43 8ZG, Scotland, Fraserburgh, Aberdeenshire, 1 Centenary Crescent, Cairnbulg.

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