Northbay Pelagic Limited

Northbay Pelagic Ltd from Manchester UK: a large company, holding company, and active status, was founded eleven years ago. With fifty-four employees and £21,839,208 in assets, the company generates £42,902,327 in yearly revenue. Despite a real address, fifty-five companies registered at the same location suggest a virtual address. Three directors and two owners oversee operations, and a 5.0 Google rating from twenty reviews indicates high customer satisfaction. The company regularly imports machinery, boilers, and mechanical appliances parts (twenty-one months), and exports fish and seafood, including shellfish (one hundred months).

Northbay Pelagic Ltd operates as a wholesale supplier of pelagic fish, both domestically and for export. Its associated website details a separate, high-end piano restoration business, 1066 Pianos, operating from Cambridge with a showroom in Harrods. While both businesses share the "Northbay Pelagic" branding, their operations appear distinct, with the piano division emphasizing museum-grade restorations and disaster recovery services.

Financially, Northbay Pelagic Ltd shows some concerning trends. Current assets dropped by 17%, while net assets plummeted 73% to just £16,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. On the upside, creditors decreased by 18%, suggesting better debt management. The company’s size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s growth in revenue, however, is a positive sign. It suggests that despite the financial pressures, Northbay Pelagic Ltd is maintaining its market position and attracting customers. Whether the two businesses can sustain each other long-term remains to be seen.

Registered in England/Wales under the registration number 08811240, with a registered address at M3 2PJ, Manchester, Reedham House, 31 King Street West.

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