Migdale Transport Limited

Migdale Transport Limited, based in Sutherland, UK, is a sizable company with a holding structure and active status. Established 17 years ago, the firm employs 37 people and holds £5,399,916 in assets. With five directors and one owner, and a stellar 5.0 Google rating from two reviews, it’s a well-regarded operation. The company’s registered address is real, with only one other company registered at the same location.

Primarily, Migdale Transport specializes in live fish transportation, operating both by land and sea. Its website highlights expertise in wellboat services, truck and trailer logistics, and a gallery showcasing its operations. The company’s mission is to provide quality transportation solutions for the aquaculture industry, supporting customers in producing farmed Atlantic Salmon, Rainbow Trout, Lumpfish, and Wrasse. The website also details the company’s fleet of wellboats and trucks, emphasizing their commitment to fish welfare and safety.

Financially, Migdale Transport presents a mixed picture. While cash and cash equivalents increased by 100% to £2.9 million, net assets grew by 16% to £13 million. However, bank borrowings increased by 41% to £1.6 million, and net losses deepened to -£2.4 million. Trade debtors increased by 38% to £2 million, suggesting a possible delay in customer payments. Despite these challenges, creditors decreased by 8% to £560,000, indicating improved debt management. The company meets two of three criteria for being a large company—having a turnover of more than £36 million and a balance sheet total of more than £18 million—and employs more than 250 people. The accounts are audited by A9 Accountancy Limited.

The company’s focus on marine aquaculture and its well-maintained fleet suggest a strong foundation. However, the increased borrowings and net losses raise questions about its financial sustainability. Whether Migdale Transport can continue to thrive in a competitive market remains to be seen—but its commitment to quality and fish welfare positions it well for future success.

Registered in Scotland under the registration number SC337333, with a registered address at IV24 3EA, United Kingdom, Sutherland, Bridgend, Lairg Road.

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