Libra Seafoods Limited

Libra Seafoods Ltd, based in Jarrow, UK, is a small holding company with an active status. Founded 22 years ago in 2002, it employs just three people and holds assets valued at £4,810,359. With four directors and one owner, the company operates from a real address and regularly imports fish and seafood, including shellfish, for 66 months, with the latest import in January 2025. It also exports meat, fish, and seafood preparations, having done so for nine months, with the last export in November 2022.

The company’s website, Libra Seafoods, highlights its role as an independent seafood processor and packer. They offer a fully integrated supply solution, sourcing sustainable seafood from the Far East and South America. All product is processed to customer specifications in their UK factory, with a weekly capacity of up to 200 metric tons. The website also showcases their work with raw tiger prawns, cooked prawns, squid, mussels, and scallops, and includes contact details and links to their terms and conditions. It’s a fairly standard website for a seafood supplier, focusing on quality, sustainability, and custom processing.

Financially, Libra Seafoods Ltd presents a mixed picture. While current assets increased by 12% to £4,800,000, bank borrowings dramatically decreased by 100%, falling to a mere £500. Creditors also decreased by 42%, suggesting improved debt management. However, cash reserves fell by 29% to £240,000, and accrued liabilities increased significantly, by 4000%, reaching £79,000. Trade debtors decreased by 12%, and raw materials and consumables increased by 34%. It's a small company, meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which allows for flexibility, but the rise in liabilities is something to keep an eye on. The accounts are unaudited, as is common for small companies, and no auditor is mentioned.

In conclusion, Libra Seafoods Ltd seems to be operating, but the sharp increase in accrued liabilities suggests a need to carefully manage its finances. The company’s focus on sustainable seafood and custom processing, along with its established import and export activities, provides a solid foundation, but maintaining financial stability will be key to its long-term success.

Registered in England/Wales under the registration number 04601146, with a registered address at NE32 3DP, Jarrow, Tyne And Wear, Unit D Viking Business Park, Rolling Mill Road.

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