Mfs Seafoods Limited

Mfs Seafoods Ltd from Walsall, UK, is a small, active company founded 18 years ago. With 15 employees and £1,379,800 in assets, it’s a well-established player in the seafood import business. The company has four directors, but no owners are reported, which is not uncommon for smaller firms. It maintains a real address and boasts a respectable Google rating of 4.0 based on 26 reviews. Regular importer of fish and seafood, including shellfish and other water creatures (454 months imported).

The company operates primarily as a wholesale supplier, focusing on the import and distribution of fish, crustaceans, and molluscs. It’s a regular importer, with its top import category being Fish and seafood, including shellfish and other water creatures, totaling 454 months of imports. The last import operation was conducted on March 01, 2025. While no website is available for review, the company’s activities are clearly focused on wholesale distribution, suggesting a business-to-business model rather than direct consumer sales.

Financially, Mfs Seafoods Ltd presents a mixed picture. Current assets have decreased by 14% to £1,400,000, while net assets have increased by 1.5% to £690,000. Bank borrowings have increased by 8.4%, reaching £420,000, and cash reserves have plummeted 81%, leaving just £81,000. Creditors have decreased by 5.2%, which could indicate improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the sharp decline in cash reserves warrants closer attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in bank borrowings and decrease in cash reserves may indicate the company is investing in its import operations or facing temporary cash flow challenges. It’s possible that the company is expanding its product range or seeking new suppliers, which could require upfront investment. The lack of owners reported, while not unusual, could also suggest a complex ownership structure or a desire to maintain privacy.

Registered in England/Wales under the registration number 05912015, with a registered address at WS2 9HQ, Walsall, West Midlands, Unit 39 Regal Drive, Walsall Enterprise Park.

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