Porthilly Shellfish Ltd

Porthilly Shellfish Ltd, based in Wadebridge, UK, is a small, active family business founded six years ago. With three employees and £1,153,620 in assets, the company has a stellar 5.0 Google rating from 28 reviews. It operates as an irregular importer, primarily dealing in ships, boats, and floating structures, with the last import occurring in April 2024. The business is owned by Marshall Jeremiah Christopher and Marshall Matthew Ernest, and managed by three directors.

The company’s core activity revolves around the wholesale of other food, specifically fish, crustaceans, and molluscs. Its website details a focus on growing, wholesaling, and purifying mussels, oysters, and clams, alongside other seasonal produce from the Camel Estuary. Porthilly Shellfish operates four growing sites and boasts on-site purification facilities, supplying both local restaurants and food outlets, as well as international consumers. The Marshall family, owners of Porthilly Farm for five generations, are at the heart of the business, emphasizing local fishing industry support and British craftsmanship.

Financially, Porthilly Shellfish Ltd presents a mixed picture. While cash reserves declined by 6% to £680,000, trade debtors saw a dramatic decrease of 70% to £89,000 – a positive sign of improved collections. However, creditors also fell, suggesting a need to manage supplier relationships. Net assets decreased by 8% to £1,300,000, and bank borrowings increased, indicating a reliance on external financing. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity raises concerns. The unaudited financial statements, lacking an auditor’s report, rely on director-reported data, and it's unclear if the company is burning through money or simply navigating seasonal fluctuations.

Registered in England/Wales under the registration number 11608947, with a registered address at PL27 6JX, United Kingdom, Wadebridge, Cornwall, Porthilly Farm, Rock.

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