Mw Seafoods Limited

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mw seafoods limited Company Information

Company Number

08264823

Next Accounts

Mar 2026

Directors

Glen Kirwin

Lea Kirwin

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Shareholders

mark adrian wells

glen kirwin

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Group Structure

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Industry

Retail sale of fish, crustaceans and molluscs in specialised stores

Registered Address

north quay fish docks, grimsby, lincolnshire, DN31 3SY

Website

mwseafoodsltd.co.uk

mw seafoods limited Estimated Valuation

£638.2k

Pomanda estimates the enterprise value of MW SEAFOODS LIMITED at £638.2k based on a Turnover of £841.8k and 0.76x industry multiple (adjusted for size and gross margin).

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Mw Seafoods Limited is a live company located in lincolnshire, DN31 3SY with a Companies House number of 08264823. It operates in the retail sale of fish, crustaceans and molluscs in specialised stores sector, SIC Code 47230. Founded in October 2012, it's largest shareholder is mark adrian wells with a 40% stake. Mw Seafoods Limited is a established, small sized company, Pomanda has estimated its turnover at £841.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Mw Seafoods Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £841.8k, make it larger than the average company (£502.5k)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (-3.5%)

EXPORT

Mw Seafoods Limited's latest turnover from June 2024 is estimated at £841.9 thousand and the company has net assets of £63.1 thousand. According to their latest financial statements, Mw Seafoods Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Dec 2013
Turnover	841,850	603,187	667,557	1,294,706	2,024,592	2,670,909	2,795,429	2,199,664	8,138,586	7,638,475	5,410,547
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	739,329	509,954	572,028	1,098,250	1,585,776	1,969,099	2,074,540	1,643,228	4,984,364	4,550,492	3,138,793
Gross Profit	102,521	93,234	95,529	196,456	438,817	701,810	720,889	556,437	3,154,222	3,087,984	2,271,754
Admin Expenses	85,488	83,194	74,753	153,295	438,411	683,968	742,551	527,324	3,126,295	3,066,136	2,257,768
Operating Profit	17,033	10,040	20,776	43,161	406	17,842	-21,662	29,113	27,927	21,848	13,986
Interest Payable	12,786	3,942	6,395	8,477	9,524	14,376	13,902	7,819	2,551	0	0
Interest Receivable	614	1,105	130	0	1	10	3	12	44	19	0
Pre-Tax Profit	4,861	7,204	14,511	34,684	-9,117	3,475	-35,561	21,306	25,420	21,868	13,986
Tax	-1,215	-1,801	-2,757	-6,590	0	-660	0	-4,048	-5,084	-4,373	-3,217
Profit After Tax	3,646	5,403	11,754	28,094	-9,117	2,815	-35,561	17,258	20,336	17,494	10,769
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,646	5,403	11,754	28,094	-9,117	2,815	-35,561	17,258	20,336	17,494	10,769
Employee Costs	43,000	69,147	164,567	354,560	948,729	572,807	488,109	602,747	0	0	0
Number Of Employees	2	2	4	8	18	16	14	14	13	0	0
EBITDA*	21,329	14,105	23,926	51,904	9,914	29,793	-9,503	41,579	37,305	37,794	19,363

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Dec 2013
Tangible Assets	4,312	8,364	11,864	14,452	47,215	52,128	62,063	74,053	87,162	90,323	105,384
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	4,312	8,364	11,864	14,452	47,215	52,128	62,063	74,053	87,162	90,323	105,384
Stock & work in progress	0	0	6,888	43,589	133,661	116,265	31,098	29,610	16,248	34,248	9,659
Trade Debtors	75,575	94,467	111,017	189,223	126,495	329,593	477,992	462,416	359,689	387,333	394,838
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	257,273	10,448	7,474	9,679	4,873	3,814	36,558	34,843	23,184	0	0
Cash	0	23,409	20,799	0	0	1,473	1,098	0	9,909	7,722	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	332,848	128,324	146,178	242,491	265,029	451,145	546,746	526,869	409,030	429,303	404,497
total assets	337,160	136,688	158,042	256,943	312,244	503,273	608,809	600,922	496,192	519,626	509,881
Bank overdraft	185,640	10,000	10,000	94,751	142,337	169,932	256,024	171,724	78,499	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	49,148	31,737	49,315	49,921	119,000	245,827	280,619	299,286	322,551	490,577	495,420
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	27,339	13,053	11,567	26,899	30,454	57,682	44,145	64,935	45,263	0	0
total current liabilities	262,127	54,790	70,882	171,571	291,791	473,441	580,788	535,945	446,313	490,577	495,420
loans	10,833	20,833	30,833	40,833	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	1,078	1,589	2,254	2,220	6,228	6,490	7,494	8,889	11,049	10,555	2,692
total long term liabilities	11,911	22,422	33,087	43,053	6,228	6,490	7,494	8,889	11,049	10,555	2,692
total liabilities	274,038	77,212	103,969	214,624	298,019	479,931	588,282	544,834	457,362	501,132	498,112
net assets	63,122	59,476	54,073	42,319	14,225	23,342	20,527	56,088	38,830	18,494	11,769
total shareholders funds	63,122	59,476	54,073	42,319	14,225	23,342	20,527	56,088	38,830	18,494	11,769

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Dec 2013	Jun 2013
Operating Activities
Operating Profit	17,033	10,040	20,776	43,161	406	17,842	-21,662	29,113	27,927	21,848	13,986	0
Depreciation	4,296	4,065	3,150	8,743	9,508	11,951	12,159	12,466	9,378	15,946	5,377	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,215	-1,801	-2,757	-6,590	0	-660	0	-4,048	-5,084	-4,373	-3,217	0
Stock	0	-6,888	-36,701	-90,072	17,396	85,167	1,488	13,362	-18,000	34,248	9,659	0
Debtors	227,933	-13,576	-80,411	67,534	-202,039	-181,143	17,291	114,386	-4,460	387,333	394,838	0
Creditors	17,411	-17,578	-606	-69,079	-126,827	-34,792	-18,667	-23,265	-168,026	490,577	495,420	0
Accruals and Deferred Income	14,286	1,486	-15,332	-3,555	-27,228	13,537	-20,790	19,672	45,263	0	0	0
Deferred Taxes & Provisions	-511	-665	34	-4,008	-262	-1,004	-1,395	-2,160	494	10,555	2,692	0
Cash flow from operations	-176,633	16,011	122,377	-8,790	40,240	102,850	-69,134	-95,970	-67,588	112,972	109,761	0
Investing Activities
capital expenditure	-244	-565	-562	24,020	-4,595	-2,016	-169	643	-6,217	-106,269	-110,761	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-244	-565	-562	24,020	-4,595	-2,016	-169	643	-6,217	-106,269	-110,761	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-10,000	-10,000	40,833	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	1,000	1,000	0
interest	-12,172	-2,837	-6,265	-8,477	-9,523	-14,366	-13,899	-7,807	-2,507	19	0	0
cash flow from financing	-22,172	-12,837	-16,265	32,356	-9,523	-14,366	-13,899	-7,807	-2,507	1,019	1,000	0
cash and cash equivalents
cash	-23,409	2,610	20,799	0	-1,473	375	1,098	-9,909	2,187	7,722	0	0
overdraft	175,640	0	-84,751	-47,586	-27,595	-86,092	84,300	93,225	78,499	0	0	0
change in cash	-199,049	2,610	105,550	47,586	26,122	86,467	-83,202	-103,134	-76,312	7,722	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mw seafoods limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in DN31 area or any other competitors across 12 key performance metrics.

MW SEAFOODS LIMITED group structure

Mw Seafoods Limited has no subsidiary companies.

Ultimate parent company

MW SEAFOODS LIMITED

08264823

MW SEAFOODS LIMITED Shareholders

mark adrian wells	40%
glen kirwin	25%
lea kirwin	25%
diane wells	10%

Mw Seafoods Limited currently has 3 directors. The longest serving directors include Mr Glen Kirwin (Oct 2012) and Mr Lea Kirwin (Oct 2012).

officer	country	age	start	end	role
Mr Glen Kirwin	United Kingdom	62 years	Oct 2012	-	Director
Mr Lea Kirwin		60 years	Oct 2012	-	Director
Mr Mark Wells	England	60 years	Jul 2013	-	Director

P&L

June 2024

turnover

841.8k

+40%

operating profit

17k

gross margin

12.2%

-21.21%

turnover

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

Balance Sheet

June 2024

net assets

63.1k

+0.06%

total assets

337.2k

+1.47%

cash

-1%

net assets

Total assets minus all liabilities

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company number

08264823

Type

Private limited with Share Capital

industry

47230 - Retail sale of fish, crustaceans and molluscs in specialised stores

incorporation date

October 2012

ultimate parent company

None

previous names

N/A

address

north quay fish docks, grimsby, lincolnshire, DN31 3SY

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 2 charges/mortgages relating to mw seafoods limited. Currently there are 0 open charges and 2 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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mw seafoods limited Company Information

mw seafoods limited Estimated Valuation

mw seafoods limited Estimated Valuation

mw seafoods limited Estimated Valuation

Mw Seafoods Limited Overview

Mw Seafoods Limited Health Check

MW SEAFOODS LIMITED financials

mw seafoods limited Credit Report and Business Information

Mw Seafoods Limited Competitor Analysis

mw seafoods limited Ownership

mw seafoods limited directors

mw seafoods limited company details

mw seafoods limited Charges & Mortgages

mw seafoods limited Capital Raised & Share Issues BETA

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