Nortrade Foods Limited

Nortrade Foods Ltd, based in Hawkhurst, UK, is a large, active company founded 41 years ago. With 28 employees and £15.2 million in assets, the company generated £38.3 million in revenue last year. It’s a holding company with nine directors and one owner, boasting a perfect 5.0 Google rating from seven reviews. Nortrade Foods is a regular importer and exporter of fish and seafood, including shellfish, having imported for 889 months and exported for 35 months.

The company's website highlights its focus on frozen seafood, offering "excellence in frozen seafood" from sustainable sources worldwide. It invites customers to call or email, suggesting a direct sales approach rather than a full e-commerce platform. The site's simple design and lack of detailed product listings imply a business-to-business model, likely supplying restaurants, wholesalers, or retailers.

Financially, Nortrade Foods shows a mixed picture. While turnover remained stable, current assets decreased by 19% to £15 million. Bank borrowings increased by 12% to £4.7 million, and cash reserves fell 20% to £1.1 million. However, creditors decreased by 13%, indicating improved debt management. The company meets two of three criteria to be considered a large company: turnover exceeding £36 million and a balance sheet total exceeding £18 million. The lack of an auditor mentioned suggests it's exempt from a full audit, relying on unaudited financial statements.

The company's focus on sustainable sourcing and its strong Google rating suggest a commitment to quality and customer satisfaction. The increase in bank borrowings, however, warrants closer attention, potentially indicating investment in inventory or expansion efforts. While Nortrade Foods appears to be a well-established player in the frozen seafood market, its financial health requires ongoing monitoring.

Registered in England/Wales under the registration number 01727161, with a registered address at TN18 5BD, Hawkhurst, Kent, Cranbrook Road, Gills Green.

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