More Seafood Limited

More Seafood Ltd from Paignton, UK, is a small, family-run business with an active status, established ten years ago. The company employs 32 people and holds assets totaling £1,381,326. It’s led by five directors and owned by two individuals. More Seafood is a regular exporter of fish and seafood, including shellfish, for a substantial 104 months, with the most recent export occurring in May 2024. However, its import activity is more sporadic, with just two months of imports recorded, the last being in June 2023.

The company's website, Ish Seafood, showcases a wholesale operation specializing in seafood and frozen options. Established in 2015, it boasts over three decades of combined industry experience. The website highlights a secondary business, Ministry of Seafood, which focuses on high-end piano restoration—a surprising diversification from the core seafood trade. The site also features a subscription service and accepts a wide range of payment methods.

Financially, More Seafood Ltd presents a mixed picture. While current assets increased slightly to £1,400,000, net assets decreased by 20% to £460,000. Bank borrowings have risen significantly by 59%, reaching £610,000, while cash reserves have vanished completely. Creditors have also increased by 32%, suggesting a potential need for improved cash flow management. Despite being a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 32 employees), the decline in equity is a cause for concern. The company’s financial statements are unaudited, as it is exempt due to its size.

The company seems to be holding steady, but facing some financial pressures. The piano restoration arm, meanwhile, thrives on prestige and heritage—a contrast to the more modest seafood operations.

Registered in England/Wales under the registration number 09313563, with a registered address at TQ4 7TW, England, Paignton, Devon, Unit 3, Moor View Ind Est Kemmings Close, Long Road.

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