Shihe Seafood Ltd

Shihe Seafood Ltd, a small, active company based in Manchester, UK, was founded five years ago and employs five people. With £88,468 in assets and a real address, it’s a solo-founded operation managed by a single director and owner. The company boasts a Google rating of 4.0 from eight reviews and is a regular importer of fish and seafood, including shellfish, with five months of import activity recorded as of February 2024.

The company operates in the wholesale of other food, including fish, crustaceans and molluscs industries. Its website, Shines Seafood, showcases a family business specializing in Wild Irish Tuna, offering a range of products like tuna in olive oil, sardines, and mackerel pate. The site also highlights a separate venture, 1066 Pianos, a high-end piano restoration business. The website emphasizes quality, sustainability, and even offers a visitor experience.

Financially, Shihe Seafood Ltd presents a mixed picture. Cash bank on hand has increased significantly by 180%, reaching £33,000, which is good. However, net assets have risen by 83% to £15,000, and finished goods are up by 1.9% to £55,000. Average number of employees has doubled to ten, which is a big change. Creditors have also increased substantially, rising by 5500% to £43,000, and bank borrowings have increased by 2400% to £29,000. It’s a small company, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, so the figures are unaudited.

Overall, Shihe Seafood Ltd seems to be growing, but the increase in debt and the rise in employee numbers suggest it might be burning through cash a little bit. The company’s dual focus on seafood wholesale and piano restoration—while potentially diversifying risk—also creates a complex business model to manage.

Registered in England/Wales under the registration number 12386323, with a registered address at M11 2WP, United Kingdom, Manchester, Unit A2 New Smithefield Market, Whitworth Street East.

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