Scrabster Seafoods Limited

Scrabster Seafoods Ltd from Thurso UK: a small, active company founded 29 years ago, employs eight people, and holds assets valued at £906,038. It’s a family business with four directors and two owners, operating from a real address in the Seafood Park. The company regularly imports and exports fish and seafood, including shellfish and other water creatures – 106 months of imports and 131 months of exports recorded.

The business is primarily involved in the wholesale of other food, including fish, crustaceans and molluscs. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company’s website is currently unavailable, making it difficult to assess its online presence or e-commerce activities.

Financially, Scrabster Seafoods Ltd shows some concerning trends. While current assets remain relatively stable at £910,000, net assets have fallen by 18% to £1.1 million. Cash reserves have also decreased significantly, dropping 49% to £260,000. Bank borrowings, however, have fallen by 51%, which is a positive sign. Creditors have also decreased by 8%, suggesting improved debt management. The company’s retained earnings and accumulated losses have declined by 23%.

The company's investments have fallen dramatically, dropping 97% to just £5,000. It’s worth noting that the company is exempt from an audit, so the financial statements are unaudited. The decrease in investments, alongside the drop in cash reserves, could indicate a period of reduced investment or increased operational expenses. It's possible that the company is navigating challenges in the seafood market, or perhaps re-evaluating its investment strategy. The directors, Calder William Gilchrist, Calder Fiona Sinclair Guthrie, Calder William, and Calder Fiona Sinclair Guthrie, will need to address these trends to ensure the company’s long-term financial health.

Registered in Scotland under the registration number SC164816, with a registered address at KW14 7UJ, Thurso, Caithness, Seafood Park, Scrabster.

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