Ocean Finest Foods Ltd

Ocean Finest Foods Ltd, based in Tissington, UK, is a small, active company established sixteen years ago. With three employees and £653,706 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports paper and paperboard products, with its last import operation recorded three months ago. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website highlights a focus on the Blue Swimming Crab, offering retail, restaurant, catering, and recipe centre services. It emphasizes sustainable, safe, and trustworthy seafood, detailing a meticulous process from catching to delivering—including multiple visual inspections and thermal processing—all validated by UK, EU, and USA governmental requirements. The website also features a science and technology section, alongside nutrition, health, environmental sustainability, and news updates. Recipes and videos are prominently displayed, encouraging customers to explore the versatility of crab meat.

Financially, Ocean Finest Foods Ltd shows some concerning trends. Cash bank on hand has dramatically fallen by 80%, dropping to £41,000. Creditors have also increased significantly, with those due within one year rising by 170% to £590,000. However, there are some positives: current assets have increased by 28% to £650,000, and debtors have risen by 25% to £340,000. The company’s retained earnings and accumulated losses have also increased by 29% to £710,000. The lack of an auditor is not surprising, given its small size and exemption status. It’s worth noting that the company’s fixed assets have also increased by 50% to £950,000.

Overall, Ocean Finest Foods Ltd appears to be navigating a period of change. While its asset base has grown, the sharp decline in cash reserves and increase in short-term liabilities suggest it may be burning through money. It’s possible the company is investing in growth or facing increased working capital needs—but close monitoring of its cash flow will be crucial.

Registered in England/Wales under the registration number 06860297, with a registered address at DE6 1RA, England, Tissington, Derbyshire, Green, Farm.

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