Thistle Seafoods Limited

Thistle Seafoods Ltd, hailing from Peterhead, UK, is a substantial player in the seafood industry, operating as a holding company with an active status. Established 23 years ago in September 01, 2001, the company employs a workforce of 474 individuals and manages assets totaling £33,412,000. With five directors and one owner, the business maintains a real address and regularly imports fish and seafood, including shellfish, for an impressive 574 months—the last operation occurring in January 01, 2025. Simultaneously, it exports meat, fish, and seafood preparations for 172 months, with the most recent export made in November 01, 2024.

The company’s core business revolves around processing and preserving fish, crustaceans, and molluscs, as well as wholesale of other food items, including the aforementioned seafood. While a website isn't available for direct analysis, the company’s operations clearly center on B2B activities rather than direct-to-consumer e-commerce.

Financially, Thistle Seafoods Ltd presents a mixed picture. While revenue increased by a solid 15%, reaching £130 million, the company experienced a sharp decline in net assets, dropping 27% to £17 million. Bank borrowings increased by 17%, reaching £3.8 million, and cash reserves fell by 15% to £38 million. Creditors decreased by 10%, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) indicates a substantial operation, and the lack of an auditor mentioned likely means the financial statements are unaudited.

The increase in bank borrowings and decrease in cash reserves, alongside the net asset decline, could signal increased investment in operations or challenges in managing working capital. However, the revenue growth suggests strong demand for its products, and the decrease in creditors indicates a focus on efficient debt management. The company’s long history of importing and exporting seafood, coupled with its established presence in the industry, positions it as a key player in the UK seafood supply chain.

Registered in Scotland under the registration number SC223362, with a registered address at AB42 3AU, Scotland, Peterhead, Thistle Seafoods Limited Harbour Street, Boddam.

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