New Wave Seafood Limited

New Wave Seafood Ltd, based in Cheltenham, UK, is a small, active company established fifteen years ago in 2009. With seventy employees and £2,081,143 in assets, it’s a real business operating from a registered address. The company is run by two directors and a solo founder, and it operates an e-commerce site. It’s a regular importer of cereal and milk-based food products, having imported for sixteen months, with the latest operation taking place in August 2024.

The company’s website, New Wave Fish and Seafood Market, offers an extensive range of top-quality, sustainably sourced fresh fish and shellfish, alongside smoked fish, seafood products, and deli items. Customers can choose between click and collect from Cirencester or Lechlade (with a minimum spend of £20), or home delivery within a 65km radius (minimum spend of £60). The site highlights its commitment to quality and convenience, showcasing a wide selection of products and services.

Financially, New Wave Seafood Ltd’s report shows some interesting trends. While fixed assets increased by 36%, indicating investment in equipment or property, cash bank on hand decreased by a significant 54% to £43,000. Bank borrowings increased by 38%, reaching £72,000, suggesting a reliance on external funding. Trade debtors also increased by 5.5%, which could be a sign of customers taking longer to pay. 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 for flexibility, but the decrease in cash reserves and increase in debt warrant attention. The company is exempt from an audit as a small business, so the figures are unaudited.

Overall, New Wave Seafood Ltd appears to be a busy and growing business, but it's important to monitor its financial health closely to ensure it can continue to thrive.

Registered in England/Wales under the registration number 07060504, with a registered address at GL50 3AT, Cheltenham, Glos, Windsor House, Bayshill Road.

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