Macneil Shellfish Ltd

Macneil Shellfish Ltd from Larkhall UK: small company, holding company, active status, founded 13 years ago, 25 employees, £4,166,374 assets, real address, 3 directors, 1 owner. It’s a small business, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 100 employees. The company is a holding company, and currently active. Founded in February 2012, it’s been operating for thirteen years. Macneil Shellfish is an irregular importer of optical and medical tools and devices (2 months imported), but a regular exporter of fish and seafood, including shellfish and other water creatures (319 months exported).

The company’s website paints a picture of a family-run business dedicated to sourcing and supplying wild, creel-caught, and sustainable Scottish shellfish. They focus on wholesale and retail, with a strong emphasis on quality and ethical practices. It's clear that the company’s website is geared towards a B2B audience, showcasing its commitment to providing premium shellfish to businesses. There's no obvious e-commerce functionality for direct consumer sales. The website also highlights a rich heritage, mentioning connections to local fishing communities and a focus on boosting rural island economies.

Financially, Macneil Shellfish Ltd shows some concerning trends. While current assets increased by 33% to £4.2 million, net assets only rose 26% to £2.5 million. Bank borrowings decreased by 27%, which is a positive sign, but cash reserves plummeted 72% to just £80,000. Creditors increased by 10%, suggesting a possible strain on short-term obligations. Trade debtors ballooned by a staggering 290%, which could indicate difficulties in collecting payments from customers. The company’s small size helps it remain agile, but the sharp decline in cash reserves warrants attention. The company’s accounts are unaudited, and there is no mention of an auditor.

Overall, Macneil Shellfish Ltd appears to be navigating a period of change. While the business maintains a strong focus on quality and sustainability, the financial data suggests a need for careful management of working capital and debt. It’s possible that the company is investing in growth, but the sharp drop in cash reserves is something to watch closely.

Registered in Scotland under the registration number SC417053, with a registered address at ML9 2TL, Scotland, Larkhall, 2 Middleton Avenue, Strutherhill Industrial Estate.

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