Gem Seafoods International Ltd

Gem Seafoods International Ltd, based in Fleetwood, UK, is a small, family-run business with an active status. Founded nine years ago in 2016, the company holds £2,812,561 in assets and operates from a virtual address – twenty-one other companies registered at the same location. With three directors and two owners, the business focuses on importing fish and seafood, including shellfish and other water creatures, for a consistent 99 months, with the latest import in January 2025. Export activity is irregular, with just one month of exports recorded back in March 2021.

The company’s website, GEM Foods International Inc., showcases a diverse range of food products, primarily focused on tropical fruit preserves, frozen fruits and vegetables, sauces, noodles, and Philippine branded food items. It manufactures its own "BUENAS" brand and consolidates exports to over thirty countries. The site highlights its commitment to quality and features certifications, quick links, and contact information. It’s clear the business is more than just importing and exporting; it’s a manufacturing and consolidation hub.

Financially, Gem Seafoods International Ltd presents a mixed picture. Current assets decreased by 19% to £2,800,000, while net assets increased by 11% to £830,000. Bank borrowings saw a significant decrease, dropping 71% to £21,000, and cash reserves grew by 36% to £140,000. Creditors also decreased by 26%, suggesting better management of debts. However, trade debtors took a hit, falling 50% to £820,000. 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 it to remain flexible, but the decrease in debtors could indicate challenges in collecting payments. With no auditor mentioned, the figures are unaudited.

Overall, Gem Seafoods International Ltd seems to be navigating a period of change. While it maintains a strong import presence and has seen improvements in cash flow, the decline in debtors warrants attention. The diverse product range and export activities suggest a company striving to expand its reach, but financial stability remains a key factor for long-term success.

Registered in England/Wales under the registration number 09964840, with a registered address at FY7 6EB, United Kingdom, Fleetwood, Lancashire, 17 St Peters Place.

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