seagold limited
seagold limited Company Information
Company Number
03193323
Website
www.seagolduk.comRegistered Address
the orangery, hesslewood country office park, hessle, east yorkshire, HU13 0LH
Industry
Wholesale of other food, including fish, crustaceans and molluscs
Telephone
01482645500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ice fresh seafood ehf. 50%
bt2022 seafood b.v. 50%
seagold limited Estimated Valuation
Pomanda estimates the enterprise value of SEAGOLD LIMITED at £90.9m based on a Turnover of £148.1m and 0.61x industry multiple (adjusted for size and gross margin).
seagold limited Estimated Valuation
Pomanda estimates the enterprise value of SEAGOLD LIMITED at £19.6m based on an EBITDA of £3.6m and a 5.51x industry multiple (adjusted for size and gross margin).
seagold limited Estimated Valuation
Pomanda estimates the enterprise value of SEAGOLD LIMITED at £13.9m based on Net Assets of £14m and 0.99x industry multiple (adjusted for liquidity).
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Seagold Limited Overview
Seagold Limited is a live company located in hessle, HU13 0LH with a Companies House number of 03193323. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in May 1996, it's largest shareholder is ice fresh seafood ehf. with a 50% stake. Seagold Limited is a mature, mega sized company, Pomanda has estimated its turnover at £148.1m with declining growth in recent years.
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Seagold Limited Health Check
Pomanda's financial health check has awarded Seagold Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £148.1m, make it larger than the average company (£29.7m)
£148.1m - Seagold Limited
£29.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.1%)
-4% - Seagold Limited
2.1% - Industry AVG
Production
with a gross margin of 4.7%, this company has a higher cost of product (14.5%)
4.7% - Seagold Limited
14.5% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (3.6%)
1.8% - Seagold Limited
3.6% - Industry AVG
Employees
with 82 employees, this is above the industry average (35)
82 - Seagold Limited
35 - Industry AVG
Pay Structure
on an average salary of £40.2k, the company has an equivalent pay structure (£42.6k)
£40.2k - Seagold Limited
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £1.8m, this is more efficient (£767.1k)
£1.8m - Seagold Limited
£767.1k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (43 days)
38 days - Seagold Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (31 days)
64 days - Seagold Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 50 days, this is in line with average (55 days)
50 days - Seagold Limited
55 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is more cash available to meet short term requirements (7 weeks)
9 weeks - Seagold Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.3%, this is a higher level of debt than the average (61.2%)
69.3% - Seagold Limited
61.2% - Industry AVG
SEAGOLD LIMITED financials
Seagold Limited's latest turnover from December 2022 is £148.1 million and the company has net assets of £14 million. According to their latest financial statements, Seagold Limited has 82 employees and maintains cash reserves of £5.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 148,128,000 | 150,273,000 | 144,174,000 | 169,509,000 | 144,463,207 | 121,639,854 | 113,319,917 | 104,692,111 | 75,474,627 | 82,232,790 | 71,466,121 | 72,320,859 | 59,952,686 | 57,286,037 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 141,105,000 | 144,055,000 | 139,450,000 | 163,614,000 | 139,055,247 | 118,477,558 | 110,582,322 | 102,323,631 | 73,188,547 | 80,206,371 | 69,785,184 | 70,591,583 | 58,297,784 | 55,680,762 |
| Gross Profit | 7,023,000 | 6,218,000 | 4,724,000 | 5,895,000 | 5,407,960 | 3,162,296 | 2,737,595 | 2,368,480 | 2,286,080 | 2,026,419 | 1,680,937 | 1,729,276 | 1,654,902 | 1,605,275 |
| Admin Expenses | 4,393,000 | 4,062,000 | 3,723,000 | 4,105,000 | 3,653,301 | 2,176,533 | 1,433,496 | 1,338,591 | 1,332,791 | 1,310,911 | 1,286,830 | 1,377,680 | 1,338,720 | 1,032,453 |
| Operating Profit | 2,630,000 | 2,156,000 | 1,001,000 | 1,790,000 | 1,754,659 | 985,763 | 1,304,099 | 1,029,889 | 953,289 | 715,508 | 394,107 | 351,596 | 316,182 | 572,822 |
| Interest Payable | 18,000 | 6,000 | 15,000 | 26,000 | 72,901 | 150 | 1,273 | 2,464 | 1,332 | 5,122 | 6,453 | 19,726 | 28,088 | 31,051 |
| Interest Receivable | 4,000 | 4,000 | 4,000 | 4,000 | 4,292 | 16,690 | 4,899 | 4,829 | 4,622 | 4,399 | 4,390 | 4,004 | 1,604 | 544 |
| Pre-Tax Profit | 2,543,000 | 2,214,000 | 1,082,000 | 1,849,000 | 1,723,427 | 1,052,490 | 1,354,503 | 1,032,254 | 956,579 | 714,785 | 392,044 | 335,874 | 289,698 | 542,315 |
| Tax | -708,000 | -586,000 | -330,000 | -550,000 | -484,923 | -263,961 | -282,267 | -228,252 | -217,449 | -171,387 | -112,361 | -96,776 | -92,444 | -149,414 |
| Profit After Tax | 1,835,000 | 1,628,000 | 752,000 | 1,299,000 | 1,238,504 | 788,529 | 1,072,236 | 804,002 | 739,130 | 543,398 | 279,683 | 239,098 | 197,254 | 392,901 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,835,000 | 1,628,000 | 752,000 | 1,299,000 | 1,238,504 | 788,529 | 1,072,236 | 804,002 | 739,130 | 543,398 | 279,683 | 239,098 | 197,254 | 392,901 |
| Employee Costs | 3,296,000 | 2,986,000 | 2,822,000 | 3,233,000 | 2,740,877 | 1,768,712 | 1,419,707 | 1,399,954 | 1,303,908 | 1,236,548 | 1,090,911 | 1,141,866 | 1,026,886 | 822,257 |
| Number Of Employees | 82 | 82 | 85 | 102 | 111 | 58 | 49 | 51 | 46 | 49 | 46 | 45 | 40 | 37 |
| EBITDA* | 3,565,000 | 3,095,000 | 1,961,000 | 2,817,000 | 2,070,348 | 1,177,612 | 1,442,632 | 1,083,638 | 996,595 | 757,965 | 454,515 | 427,547 | 408,792 | 666,666 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,330,000 | 2,375,000 | 2,455,000 | 2,711,000 | 2,885,190 | 2,282,818 | 1,098,014 | 173,917 | 117,185 | 147,021 | 170,095 | 226,437 | 281,606 | 362,926 |
| Intangible Assets | 302,000 | 951,000 | 1,601,000 | 2,250,000 | 2,919,842 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,690,000 | 1,762,000 | 1,735,000 | 1,652,000 | 1,600,738 | 120,373 | 81,971 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,322,000 | 5,088,000 | 5,793,000 | 6,615,000 | 7,405,770 | 2,403,191 | 1,179,985 | 173,917 | 117,185 | 147,021 | 170,095 | 226,437 | 281,606 | 362,926 |
| Stock & work in progress | 19,481,000 | 10,012,000 | 11,234,000 | 18,103,000 | 10,722,250 | 8,886,787 | 4,724,511 | 4,471,026 | 3,978,800 | 4,046,716 | 4,395,077 | 3,477,025 | 3,505,015 | 4,764,047 |
| Trade Debtors | 15,635,000 | 14,699,000 | 12,603,000 | 13,914,000 | 13,430,378 | 14,490,310 | 12,119,526 | 12,647,658 | 9,115,583 | 8,597,797 | 6,141,934 | 7,351,316 | 5,957,216 | 6,143,561 |
| Group Debtors | 106,000 | 101,000 | 198,000 | 242,000 | 194,113 | 160,766 | 62,102 | 1,059,052 | 293,613 | 243,434 | 223,801 | 5,192 | 200,882 | 909,318 |
| Misc Debtors | 550,000 | 635,000 | 628,000 | 611,000 | 743,255 | 628,561 | 667,481 | 321,059 | 337,996 | 318,839 | 466,184 | 280,943 | 149,935 | 133,364 |
| Cash | 5,532,000 | 4,938,000 | 4,989,000 | 4,320,000 | 1,888,939 | 474,929 | 1,538,437 | 1,111,138 | 212,560 | 2,098,239 | 25,755 | 330,051 | 198,515 | 296,295 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 41,304,000 | 30,385,000 | 29,652,000 | 37,190,000 | 26,978,935 | 24,641,353 | 19,112,057 | 19,609,933 | 13,938,552 | 15,305,025 | 11,252,751 | 11,444,527 | 10,011,563 | 12,246,585 |
| total assets | 45,626,000 | 35,473,000 | 35,445,000 | 43,805,000 | 34,384,705 | 27,044,544 | 20,292,042 | 19,783,850 | 14,055,737 | 15,452,046 | 11,422,846 | 11,670,964 | 10,293,169 | 12,609,511 |
| Bank overdraft | 1,219,000 | 261,000 | 819,000 | 753,000 | 0 | 189,718 | 0 | 0 | 0 | 0 | 667,863 | 13,319 | 0 | 1,379,469 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 127,386 | 186,086 | 0 |
| Trade Creditors | 25,085,000 | 17,744,000 | 1,364,000 | 1,089,000 | 2,228,375 | 1,832,015 | 1,749,465 | 1,687,413 | 1,401,238 | 1,764,108 | 1,347,306 | 1,507,040 | 1,585,111 | 1,191,512 |
| Group/Directors Accounts | 4,114,000 | 2,309,000 | 18,874,000 | 27,095,000 | 17,120,798 | 17,024,635 | 11,536,542 | 12,186,459 | 7,482,641 | 9,494,589 | 5,960,551 | 6,770,824 | 5,165,062 | 6,849,784 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,037,000 | 2,930,000 | 1,736,000 | 1,990,000 | 2,313,382 | 703,130 | 538,135 | 526,142 | 593,469 | 353,450 | 146,838 | 228,626 | 450,545 | 291,369 |
| total current liabilities | 31,455,000 | 23,244,000 | 22,793,000 | 30,927,000 | 21,662,555 | 19,749,498 | 13,824,142 | 14,400,014 | 9,477,348 | 11,612,147 | 8,122,558 | 8,647,195 | 7,386,804 | 9,712,134 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111,261 | 297,304 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,492 | 12,656 | 0 | 25,312 |
| other liabilities | 0 | 0 | 2,000,000 | 3,000,000 | 4,110,000 | 0 | 0 | 0 | 0 | 7,119 | 0 | 0 | 0 | 0 |
| provisions | 154,000 | 114,000 | 99,000 | 110,000 | 123,342 | 48,197 | 10,921 | 0 | 0 | 0 | 0 | 0 | 4,104 | 0 |
| total long term liabilities | 154,000 | 114,000 | 2,099,000 | 3,110,000 | 4,233,342 | 48,197 | 10,921 | 0 | 0 | 7,119 | 9,492 | 12,656 | 115,365 | 322,616 |
| total liabilities | 31,609,000 | 23,358,000 | 24,892,000 | 34,037,000 | 25,895,897 | 19,797,695 | 13,835,063 | 14,400,014 | 9,477,348 | 11,619,266 | 8,132,050 | 8,659,851 | 7,502,169 | 10,034,750 |
| net assets | 14,017,000 | 12,115,000 | 10,553,000 | 9,768,000 | 8,488,808 | 7,246,849 | 6,456,979 | 5,383,836 | 4,578,389 | 3,832,780 | 3,290,796 | 3,011,113 | 2,791,000 | 2,574,761 |
| total shareholders funds | 14,017,000 | 12,115,000 | 10,553,000 | 9,768,000 | 8,488,808 | 7,246,849 | 6,456,979 | 5,383,836 | 4,578,389 | 3,832,780 | 3,290,796 | 3,011,113 | 2,791,000 | 2,574,761 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,630,000 | 2,156,000 | 1,001,000 | 1,790,000 | 1,754,659 | 985,763 | 1,304,099 | 1,029,889 | 953,289 | 715,508 | 394,107 | 351,596 | 316,182 | 572,822 |
| Depreciation | 286,000 | 290,000 | 311,000 | 356,000 | 315,689 | 191,849 | 138,533 | 53,749 | 43,306 | 42,457 | 60,408 | 75,951 | 92,610 | 93,844 |
| Amortisation | 649,000 | 649,000 | 649,000 | 671,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -708,000 | -586,000 | -330,000 | -550,000 | -484,923 | -263,961 | -282,267 | -228,252 | -217,449 | -171,387 | -112,361 | -96,776 | -92,444 | -149,414 |
| Stock | 9,469,000 | -1,222,000 | -6,869,000 | 7,380,750 | 1,835,463 | 4,162,276 | 253,485 | 492,226 | -67,916 | -348,361 | 918,052 | -27,990 | -1,259,032 | 4,764,047 |
| Debtors | 856,000 | 2,004,000 | -1,338,000 | 401,254 | -911,891 | 2,430,528 | -1,178,660 | 4,280,577 | 587,122 | 2,328,151 | -805,532 | 1,329,418 | -878,210 | 7,186,243 |
| Creditors | 7,341,000 | 16,380,000 | 275,000 | -1,139,375 | 396,360 | 82,550 | 62,052 | 286,175 | -362,870 | 416,802 | -159,734 | -78,071 | 393,599 | 1,191,512 |
| Accruals and Deferred Income | -1,893,000 | 1,194,000 | -254,000 | -323,382 | 1,610,252 | 164,995 | 11,993 | -67,327 | 240,019 | 197,120 | -84,952 | -209,263 | 133,864 | 316,681 |
| Deferred Taxes & Provisions | 40,000 | 15,000 | -11,000 | -13,342 | 75,145 | 37,276 | 10,921 | 0 | 0 | 0 | 0 | -4,104 | 4,104 | 0 |
| Cash flow from operations | -1,980,000 | 19,316,000 | 9,848,000 | -6,991,103 | 2,743,610 | -5,394,332 | 2,170,506 | -3,698,569 | 137,089 | -779,290 | -15,052 | -1,262,095 | 2,985,157 | -9,924,845 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -6,605,605 | -1,944,595 | -1,062,630 | -109,922 | -13,789 | -17,136 | -4,099 | -20,782 | -16,025 | -105,983 |
| Change in Investments | -72,000 | 27,000 | 83,000 | 51,262 | 1,480,365 | 38,402 | 81,971 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 72,000 | -27,000 | -83,000 | -51,262 | -8,085,970 | -1,982,997 | -1,144,601 | -109,922 | -13,789 | -17,136 | -4,099 | -20,782 | -16,025 | -105,983 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -127,386 | -58,700 | 186,086 | 0 |
| Group/Directors Accounts | 1,805,000 | -16,565,000 | -8,221,000 | 9,974,202 | 96,163 | 5,488,093 | -649,917 | 4,703,818 | -2,011,948 | 3,534,038 | -810,273 | 1,605,762 | -1,684,722 | 6,849,784 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -111,261 | -186,043 | 297,304 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -2,000,000 | -1,000,000 | -1,110,000 | 4,110,000 | 0 | 0 | 0 | -7,119 | 7,119 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -14,000 | -2,000 | -11,000 | -22,000 | -68,609 | 16,540 | 3,626 | 2,365 | 3,290 | -723 | -2,063 | -15,722 | -26,484 | -30,507 |
| cash flow from financing | 1,858,000 | -18,633,000 | -9,199,000 | 8,822,394 | 4,141,009 | 5,505,974 | -645,384 | 4,707,628 | -2,009,298 | 3,539,020 | -939,722 | 1,401,094 | -1,692,178 | 9,298,441 |
| cash and cash equivalents | ||||||||||||||
| cash | 594,000 | -51,000 | 669,000 | 2,431,061 | 1,414,010 | -1,063,508 | 427,299 | 898,578 | -1,885,679 | 2,072,484 | -304,296 | 131,536 | -97,780 | 296,295 |
| overdraft | 958,000 | -558,000 | 66,000 | 753,000 | -189,718 | 189,718 | 0 | 0 | 0 | -667,863 | 654,544 | 13,319 | -1,379,469 | 1,379,469 |
| change in cash | -364,000 | 507,000 | 603,000 | 1,678,061 | 1,603,728 | -1,253,226 | 427,299 | 898,578 | -1,885,679 | 2,740,347 | -958,840 | 118,217 | 1,281,689 | -1,083,174 |
seagold limited Credit Report and Business Information
Seagold Limited Competitor Analysis
Perform a competitor analysis for seagold limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in HU13 area or any other competitors across 12 key performance metrics.
seagold limited Ownership
SEAGOLD LIMITED group structure
Seagold Limited has 2 subsidiary companies.
Ultimate parent company
SEAGOLD LIMITED
03193323
2 subsidiaries
seagold limited directors
Seagold Limited currently has 2 directors. The longest serving directors include Mr Gustaf Baldvinsson (May 1996) and Baldvin Thorsteinsson (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gustaf Baldvinsson | United Kingdom | 67 years | May 1996 | - | Director |
| Baldvin Thorsteinsson | 40 years | Dec 2022 | - | Director |
P&L
December 2022turnover
148.1m
-1%
operating profit
2.6m
+22%
gross margin
4.8%
+14.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
14m
+0.16%
total assets
45.6m
+0.29%
cash
5.5m
+0.12%
net assets
Total assets minus all liabilities
seagold limited company details
company number
03193323
Type
Private limited with Share Capital
industry
46380 - Wholesale of other food, including fish, crustaceans and molluscs
incorporation date
May 1996
age
28
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
the orangery, hesslewood country office park, hessle, east yorkshire, HU13 0LH
accountant
-
auditor
RSM UK AUDIT LLP
seagold limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 4 charges/mortgages relating to seagold limited. Currently there are 2 open charges and 2 have been satisfied in the past.
seagold limited Companies House Filings - See Documents
| date | description | view/download |
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