Scot West Shellfish Ltd

Scot West Shellfish Ltd, based in Greenock, UK, is a small, active company established ten years ago in 2014. With twenty employees and £661,191 in assets, it operates from a virtual address, a detail that raises some questions, and is managed by two directors and two owners. The company regularly exports fish and seafood, including shellfish and other water creatures—twenty months of export activity were recorded, with the most recent in May 2024—but imports machinery and mechanical appliances irregularly, with just one month of import activity noted in 2022.

The company's website highlights its role as a premier shellfish exporter, sourcing locally caught Scottish shellfish and delivering to customers across the UK, Europe, Asia, UAE, Canada, and North America. It emphasizes quality, expertise, and customer satisfaction, offering a range of products from razor clams to European lobster and langoustine. The site also features a blog with articles on seafood recipes and industry news.

Financially, Scot West Shellfish Ltd presents a mixed picture. Current assets have fallen by 22% to £660,000, while net assets have plummeted 210% to -£54,000—a significant downturn. Bank borrowings have decreased by 45%, and cash reserves have vanished completely. Creditors have also decreased by 14%, suggesting some improvements in debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 80 employees) helps it remain nimble, but the sharp decline in equity is concerning. With no auditor mentioned, the figures are unaudited.

The company’s financial trends suggest it’s burning through money. While it’s a regular exporter with a strong online presence, the declining equity and lack of cash reserves are worrying signs. It’s possible the company is reinvesting heavily in its operations, but without more information, it’s difficult to say for sure.

Registered in Scotland under the registration number SC488566, with a registered address at PA16 8BG, Scotland, Greenock, 73 Union Street.

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