Ocean Fish (seafoods) Limited

Ocean Fish Seafoods Ltd, based in North East Lincolnshire, UK, is a small, active company founded 23 years ago. With three employees and £1,069,987 in assets, it operates from a virtual address – thirteen companies registered at the same location – and is led by three directors and one owner. The company regularly imports fish and seafood, including shellfish, with 7 months of import activity recorded up to September 2020.

The company’s website highlights 45 years of industry experience, specializing in frozen fish blocks from raw material to finished product. It serves a global market, importing and exporting frozen fish products worldwide, focusing on areas like the North Atlantic, Pacific Ocean, and Barrents Sea. Ocean Fish Seafoods caters to wholesalers, food service providers, and distributors, offering a broad range of raw material fish products. The website showcases product lines like fish blocks, dice, fillets, pie mix, and mince, emphasizing sustainability and featuring a message from the co-founder and CEO.

Financially, Ocean Fish Seafoods Ltd presents a mixed picture. Cash bank on hand has fallen dramatically by 91% to just £76,000, while trade debtors have surged by 230% to £890,000. Net assets have also decreased by 10% to £760,000. On the positive side, creditors have decreased by 18%, suggesting improved debt management. The company meets the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – which allows for agility. Plant machinery depreciation has increased by 6.2%, and vehicles by a significant 280%. The company’s accounts are unaudited, likely due to its small size, and no auditor is mentioned.

Overall, Ocean Fish Seafoods Ltd seems to be navigating a period of change, with a focus on maintaining its position in the frozen fish market while facing challenges in cash flow and equity.

Registered in England/Wales under the registration number 04238700, with a registered address at DN32 0HQ, North East Lincolnshire, 31 Abbey Road, Grimsby.

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