Uk Seafood Limited

Uk Seafood Limited, based in London, is a small, active company established twelve years ago in June 2012. Employing just three people, the company holds assets valued at £361,383 and operates from a real address in central London. With one director and no owners reported, the business focuses on importing fish and seafood, including shellfish and other water creatures, with a history of 14 months of import activity concluding in August 2016.

The company’s website highlights its role as wholesalers of salmon and tuna, with a focus on Atlantic, Bluefin, and Yellowfin varieties. It also offers processing and smokehouse services, catering to both fresh and frozen seafood needs. The site’s structure suggests a primarily business-to-business model, with a clear emphasis on wholesale distribution rather than direct consumer sales. There's a section for "Exotics from Oman," indicating a sourcing strategy beyond standard UK suppliers.

Financially, Uk Seafood Limited presents a mixed picture. While the company is small, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), some numbers are concerning. Cash reserves have plummeted 95%, falling to just £950. Bank borrowings have increased significantly, rising 120% to £96,000, and creditors have also seen a decrease, though this could indicate better debt management. Equity has increased dramatically, rising 4200%, but this may be due to retained earnings. The company’s trade debtors have decreased by 23%, which could be a positive sign of quicker payments. With no auditor mentioned, the figures are unaudited.

Overall, Uk Seafood Limited appears to be navigating a challenging financial landscape. The increased borrowing suggests a need for capital, while the decline in cash reserves raises questions about liquidity. The company's focus on wholesale distribution and its established import history indicate a core business model, but its long-term financial health will depend on its ability to manage costs and maintain customer relationships.

Registered in England/Wales under the registration number 08107096, with a registered address at W1H 5LD, England, London, 136 George Street.

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