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The Blue Sea Food Company Limited

04741730

in administration/administrative receiver
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

C/O KROLL ADVISORY LTD 4B CORNERBLOCK, BIRMINGHAM, B3 2DX
Incorporated 23/04/2003

Compliance

Last accounts

30/04/2023

full

Accounts

Up to date

Confirmation statement

Last: 16/04/2024

Due

On track

Industry

10200
Processing and preserving of fish, crustaceans and molluscs

Officers

Ms Dawn Emma Spencer

director · Since 28/02/2004

FOOD MANUFACTURER

BRITISH · ENGLAND · Age 54

Also on 3 other boards

Mr David William Markham

director · Since 13/04/2004

FOOD PROCESSING

BRITISH · ENGLAND · Age 54

Also on 3 other boards

Persons with Significant Control

The Blue Sea Food Group Limited

75–100% shares
75–100% votes
Appoint directors

Unit 20, Torbay Business Park, Paignton, TQ4 7HP

Reg: 13986957 · Companies House · Private Company Limited By Shares

Notified 01/05/2022

Former PSCs

Mr Trevor Royston Bartlett

Ceased 01/05/2022

Insolvency History1 case

in administration

Rebecca Makaruk (practitioner) · Elizabeth Anne Welch (practitioner) · Matthew Ingram (practitioner) · Simon Stibbons (practitioner) · William Innes (practitioner)

CompanyRankvs 15+ SIC 10200 peers
22

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.23× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

the other matters set out in note 16 and note 26 to the financial statements, indicate that material uncertainties exist that may cast significant doubt upon the company’s ability to continue as a going concern. Our opinion is not modified in respect of these matters. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the pre

Key FinancialsYear ending 30/04/2023

Net Worth

£489k

Balance sheet strength

Cash

£360k

Cash in the bank

Profit Before Tax

-£220k

Bottom line earnings

Net Current Assets

£915k

Working capital

Current Assets

£4.9M

Current Liabilities

£4.0M

Fixed Assets

£2.0M

Debtors

£1.4M

Cost of Sales

£9.1M

Admin Expenses

£3.4M

Profit After Tax

-£212k

149avg. employees+24

Tax at Year End

Corp tax£0
Dividends paid£198k

People Costs

Wages & salaries£3.3M

Balance Sheet

Intangible assets£730
Bank loans & overdrafts£1.1M
Assets less current liabilities£2.9M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20231.23-£409k
20221.41+£367k
20211.45-£878k
20201.29-£268k
20191.49+£1.0M
20181.04—

Derived from filed accounts. Not audited figures.