Arctic Seafood Limited

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arctic seafood limited Company Information

Live

MatureMidDeclining

Company Number

05363969

Next Accounts

Sep 2025

Industry

Wholesale of other food, including fish, crustaceans and molluscs

Directors

Unnar Petursson

Olafur Marteinsson

Shareholders

rammi hf

Group Structure

View All

Contact

Registered Address

fieldfisher 17th floor, no 1 spinningfields, 1 hardman street, manchester, M3 3EB

Website

arcticseafood.sg

arctic seafood limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of ARCTIC SEAFOOD LIMITED at £4.8m based on Net Assets of £2.3m and 2.11x industry multiple (adjusted for liquidity).

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Arctic Seafood Limited is a live company located in 1 hardman street, M3 3EB with a Companies House number of 05363969. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in February 2005, it's largest shareholder is rammi hf with a 100% stake. Arctic Seafood Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5m with declining growth in recent years.

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Pomanda's financial health check has awarded Arctic Seafood Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £5m, make it smaller than the average company (£28.2m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (7.5%)

EXPORT

Arctic Seafood Limited's latest turnover from December 2023 is estimated at £5 million and the company has net assets of £2.3 million. According to their latest financial statements, Arctic Seafood Limited has 2 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	5,018,376	357,145	7,654,750	8,083,182	5,624,137	4,678,350	5,106,318	18,700,255	14,036,266	13,479,472	10,113,891	9,249,729	9,102,190	10,181,433	10,783,500
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,289,992	303,783	6,618,572	7,012,264	4,919,609	4,081,998	4,440,367	18,362,204	13,787,930	13,062,466	9,784,665	9,030,150	8,873,516	9,954,155	10,565,908
Gross Profit	728,384	53,362	1,036,178	1,070,918	704,528	596,352	665,951	338,051	248,336	417,006	329,226	219,579	228,674	227,278	217,592
Admin Expenses	1,001,583	-450,672	1,396,690	735,483	428,472	140,443	742,490	-48,339	-44	23,177	-29,502	42,022	25,790	-22,647	28,412
Operating Profit	-273,199	504,034	-360,512	335,435	276,056	455,909	-76,539	386,390	248,380	393,829	358,728	177,557	202,884	249,925	189,180
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	1,877	0	0
Interest Receivable	165,623	102,378	5,602	2,043	11,396	7,452	3,809	3,446	2,790	7,230	6,811	3,854	1,616	3,285	1,471
Pre-Tax Profit	-107,576	606,412	-354,910	337,478	287,452	463,362	-72,730	389,836	251,170	401,059	365,539	181,411	204,500	253,210	190,651
Tax	0	-115,218	0	-64,121	-54,616	-88,039	0	-78,178	-50,746	-85,443	-82,145	-38,149	-45,937	-62,011	-43,904
Profit After Tax	-107,576	491,194	-354,910	273,357	232,836	375,323	-72,730	311,658	200,424	315,616	283,394	143,262	158,563	191,199	146,747
Dividends Paid	0	0	0	0	0	0	0	173,107	0	361,365	0	0	0	0	0
Retained Profit	-107,576	491,194	-354,910	273,357	232,836	375,323	-72,730	138,551	200,424	-45,749	283,394	143,262	158,563	191,199	146,747
Employee Costs	89,859	84,062	81,448	83,617	81,543	320,512	389,290	1,185,143	579,433	616,455	416,559	431,234	424,562	491,378	0
Number Of Employees	2	2	2	2	2	8	11	34	18	19	14	14	13	14	0
EBITDA*	-273,199	504,034	-360,512	335,435	276,056	455,909	-76,539	386,390	248,380	393,829	358,728	177,557	202,884	249,925	189,180

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	13,455	16,432	74,234	428,737	197,017	63,108	0	159,172	279,720	0	178,002	0	0	0	0
Trade Debtors	1,505,203	41,972	2,472,568	2,089,974	1,746,279	1,316,003	1,234,405	2,298,520	1,558,449	1,066,974	772,583	864,876	1,656,891	784,002	1,452,747
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11	11	95	216	312	71,175	35,458	80,400	39,760	55,996	22,075	68,133	25,798	45,416	30,463
Cash	2,697,715	3,611,751	2,238,431	2,243,219	1,843,155	1,195,735	791,529	732,110	643,588	646,080	1,102,204	874,208	511,895	839,183	477,831
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,216,384	3,670,166	4,785,328	4,762,146	3,786,763	2,646,021	2,061,392	3,270,202	2,521,517	1,769,050	2,074,864	1,807,217	2,194,584	1,668,601	1,961,041
total assets	4,216,384	3,670,166	4,785,328	4,762,146	3,786,763	2,646,021	2,061,392	3,270,202	2,521,517	1,769,050	2,074,864	1,807,217	2,194,584	1,668,601	1,961,041
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	10,340	5,071	8,652	20,107	4,985	1,460	5,194	12,717	7,757	9,602	3,952	6,496	3,789	0	7,886
Group/Directors Accounts	1,844,031	1,233,016	2,800,922	2,440,479	1,715,412	825,835	649,261	1,751,588	1,174,245	586,140	856,581	912,826	1,438,280	1,015,971	1,553,327
other short term finances	0	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	0
other current liabilities	101,549	64,039	98,908	69,804	107,967	93,163	56,697	82,927	55,096	89,313	84,587	41,545	49,427	108,105	46,502
total current liabilities	1,955,920	1,302,126	2,908,482	2,530,390	1,828,364	920,458	711,152	1,847,232	1,237,098	685,055	945,120	960,867	1,491,496	1,124,076	1,607,715
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,955,920	1,302,126	2,908,482	2,530,390	1,828,364	920,458	711,152	1,847,232	1,237,098	685,055	945,120	960,867	1,491,496	1,124,076	1,607,715
net assets	2,260,464	2,368,040	1,876,846	2,231,756	1,958,399	1,725,563	1,350,240	1,422,970	1,284,419	1,083,995	1,129,744	846,350	703,088	544,525	353,326
total shareholders funds	2,260,464	2,368,040	1,876,846	2,231,756	1,958,399	1,725,563	1,350,240	1,422,970	1,284,419	1,083,995	1,129,744	846,350	703,088	544,525	353,326

	Dec 2023	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	-273,199	504,034	-360,512	335,435	276,056	455,909	-76,539	386,390	248,380	393,829	358,728	177,557	202,884	249,925	189,180
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-115,218	0	-64,121	-54,616	-88,039	0	-78,178	-50,746	-85,443	-82,145	-38,149	-45,937	-62,011	-43,904
Stock	-2,977	-57,802	-354,503	231,720	133,909	63,108	-159,172	-120,548	279,720	-178,002	178,002	0	0	0	0
Debtors	1,463,231	-2,430,680	382,473	343,599	359,413	117,315	-1,109,057	780,711	475,239	328,312	-138,351	-749,680	853,271	-653,792	1,483,210
Creditors	5,269	-3,581	-11,455	15,122	3,525	-3,734	-7,523	4,960	-1,845	5,650	-2,544	2,707	3,789	-7,886	7,886
Accruals and Deferred Income	37,510	-34,869	29,104	-38,163	14,804	36,466	-26,230	27,831	-34,217	4,726	43,042	-7,882	-58,678	61,603	46,502
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,690,674	2,838,848	-370,833	-327,046	-253,553	220,179	1,157,937	-319,160	-593,387	168,452	277,430	883,913	-751,213	895,423	-1,283,546
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	611,015	-1,567,906	360,443	725,067	889,577	176,574	-1,102,327	577,343	588,105	-270,441	-56,245	-525,454	422,309	-537,356	1,553,327
Other Short Term Loans	0	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	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	206,579
interest	165,623	102,378	5,602	2,043	11,396	7,452	3,809	3,446	2,790	7,230	6,811	3,854	-261	3,285	1,471
cash flow from financing	776,638	-1,465,528	366,045	727,110	900,973	184,026	-1,098,518	580,789	590,895	-263,211	-49,434	-521,600	422,048	-534,071	1,761,377
cash and cash equivalents
cash	-914,036	1,373,320	-4,788	400,064	647,420	404,206	59,419	88,522	-2,492	-456,124	227,996	362,313	-327,288	361,352	477,831
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-914,036	1,373,320	-4,788	400,064	647,420	404,206	59,419	88,522	-2,492	-456,124	227,996	362,313	-327,288	361,352	477,831

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARCTIC SEAFOOD LIMITED group structure

Arctic Seafood Limited has no subsidiary companies.

Ultimate parent company

RAMMI HF

#0061458

1 parent

ARCTIC SEAFOOD LIMITED

05363969

ARCTIC SEAFOOD LIMITED Shareholders

rammi hf

100%

Arctic Seafood Limited currently has 2 directors. The longest serving directors include Unnar Petursson (Feb 2007) and Olafur Marteinsson (Mar 2007).

officer	country	age	start	end	role
Unnar Petursson	United Kingdom	59 years	Feb 2007	-	Director
Olafur Marteinsson	United Kingdom	65 years	Mar 2007	-	Director

P&L

December 2023

turnover

+1305%

operating profit

-273.2k

gross margin

14.6%

-2.86%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

2.3m

-0.05%

total assets

4.2m

+0.15%

cash

2.7m

-0.25%

net assets

Total assets minus all liabilities

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company number

05363969

Type

Private limited with Share Capital

industry

46380 - Wholesale of other food, including fish, crustaceans and molluscs

incorporation date

February 2005

ultimate parent company

RAMMI HF

previous names

ab financing limited (May 2007)

hs 634 limited (August 2005)

address

fieldfisher 17th floor, no 1 spinningfields, 1 hardman street, manchester, M3 3EB

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arctic seafood limited Company Information

arctic seafood limited Estimated Valuation

arctic seafood limited Estimated Valuation

arctic seafood limited Estimated Valuation

Arctic Seafood Limited Overview

Arctic Seafood Limited Health Check

ARCTIC SEAFOOD LIMITED financials

arctic seafood limited Credit Report and Business Information

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arctic seafood limited Ownership

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