Gem Seafoods International Ltd

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gem seafoods international ltd Company Information

Live

YoungMidHealthy

Company Number

09964840

Website

Registered Address

17 st peters place, fleetwood, lancashire, FY7 6EB

Industry

Wholesale of other food, including fish, crustaceans and molluscs

Telephone

Next Accounts Due

October 2024

Group Structure

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Directors

Yvonne Wilson8 Years

Paul Wilson8 Years

View All

Shareholders

paul steven wilson 50%

yvonne marie wilson 50%

gem seafoods international ltd Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of GEM SEAFOODS INTERNATIONAL LTD at £5.1m based on a Turnover of £8.8m and 0.58x industry multiple (adjusted for size and gross margin).

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Gem Seafoods International Ltd is a live company located in lancashire, FY7 6EB with a Companies House number of 09964840. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in January 2016, it's largest shareholder is paul steven wilson with a 50% stake. Gem Seafoods International Ltd is a young, mid sized company, Pomanda has estimated its turnover at £8.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Gem Seafoods International Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £8.8m, make it smaller than the average company (£29m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (3.6%)

EXPORT

Gem Seafoods International Ltd's latest turnover from January 2023 is estimated at £8.8 million and the company has net assets of £746.6 thousand. According to their latest financial statements, we estimate that Gem Seafoods International Ltd has 13 employees and maintains cash reserves of £103.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017
Turnover	8,814,182	8,592,306	5,680,057	5,816,649	4,991,122	8,892,057	5,125,219
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	7,548,109	7,429,777	4,944,528	5,149,000	4,365,595	7,739,405	4,483,798
Gross Profit	1,266,073	1,162,529	735,529	667,649	625,527	1,152,652	641,421
Admin Expenses	1,051,260	833,310	611,097	645,038	609,568	988,444	553,848
Operating Profit	214,813	329,219	124,432	22,611	15,959	164,208	87,573
Interest Payable	18,604	14,714	7,625	0	0	0	0
Interest Receivable	3,601	182	68	525	233	155	58
Pre-Tax Profit	199,810	314,688	116,875	23,136	16,191	164,363	87,631
Tax	-37,964	-59,791	-22,206	-4,396	-3,076	-31,229	-17,526
Profit After Tax	161,846	254,897	94,669	18,740	13,115	133,134	70,105
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	161,846	254,897	94,669	18,740	13,115	133,134	70,105
Employee Costs	539,123	634,417	410,842	349,063	325,960	68,134	67,017
Number Of Employees	13	16	10	9	9	2	2
EBITDA*	221,035	335,446	130,326	23,009	16,289	164,536	87,911

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017
Tangible Assets	11,967	17,029	22,246	808	0	330	658
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	11,967	17,029	22,246	808	0	330	658
Stock & work in progress	1,622,971	637,931	1,214,487	842,584	1,100,273	1,188,654	480,605
Trade Debtors	1,679,843	2,034,106	834,067	1,271,181	613,260	652,592	474,685
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	52,425	28,562	16,259	20,185	12,749	0	0
Cash	103,196	102,568	43,250	93,465	46,494	15,537	46,548
misc current assets	0	0	0	0	0	0	0
total current assets	3,458,435	2,803,167	2,108,063	2,227,415	1,772,776	1,856,783	1,001,838
total assets	3,470,402	2,820,196	2,130,309	2,228,223	1,772,776	1,857,113	1,002,496
Bank overdraft	50,000	50,000	29,167	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	110,725	119,502	107,803	129,608	187,745	1,653,691	932,139
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	2,439,943	1,891,844	1,438,395	1,863,247	1,368,557	0	0
total current liabilities	2,600,668	2,061,346	1,575,365	1,992,855	1,556,302	1,653,691	932,139
loans	120,834	170,834	220,834	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0
provisions	2,274	3,236	4,227	154	0	63	132
total long term liabilities	123,108	174,070	225,061	154	0	63	132
total liabilities	2,723,776	2,235,416	1,800,426	1,993,009	1,556,302	1,653,754	932,271
net assets	746,626	584,780	329,883	235,214	216,474	203,359	70,225
total shareholders funds	746,626	584,780	329,883	235,214	216,474	203,359	70,225

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017
Operating Activities
Operating Profit	214,813	329,219	124,432	22,611	15,959	164,208	87,573
Depreciation	6,222	6,227	5,894	398	330	328	338
Amortisation	0	0	0	0	0	0	0
Tax	-37,964	-59,791	-22,206	-4,396	-3,076	-31,229	-17,526
Stock	985,040	-576,556	371,903	-257,689	-88,381	708,049	480,605
Debtors	-330,400	1,212,342	-441,040	665,357	-26,583	177,907	474,685
Creditors	-8,777	11,699	-21,805	-58,137	-1,465,946	721,552	932,139
Accruals and Deferred Income	548,099	453,449	-424,852	494,690	1,368,557	0	0
Deferred Taxes & Provisions	-962	-991	4,073	154	-63	-69	132
Cash flow from operations	66,791	104,026	-265,327	47,652	30,725	-31,166	47,366
Investing Activities
capital expenditure	-1,160	-1,010	-27,332	-1,206	0	0	-996
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-1,160	-1,010	-27,332	-1,206	0	0	-996
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	-50,000	-50,000	220,834	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	120
interest	-15,003	-14,532	-7,557	525	233	155	58
cash flow from financing	-65,003	-64,532	213,277	525	233	155	178
cash and cash equivalents
cash	628	59,318	-50,215	46,971	30,957	-31,011	46,548
overdraft	0	20,833	29,167	0	0	0	0
change in cash	628	38,485	-79,382	46,971	30,957	-31,011	46,548

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GEM SEAFOODS INTERNATIONAL LTD group structure

Gem Seafoods International Ltd has no subsidiary companies.

Ultimate parent company

GEM SEAFOODS INTERNATIONAL LTD

09964840

GEM SEAFOODS INTERNATIONAL LTD Shareholders

paul steven wilson	50%
yvonne marie wilson	50%

Gem Seafoods International Ltd currently has 3 directors. The longest serving directors include Mrs Yvonne Wilson (Jan 2016) and Mr Paul Wilson (Jan 2016).

officer	country	age	start	end	role
Mrs Yvonne Wilson	United Kingdom	65 years	Jan 2016	-	Director
Mr Paul Wilson	United Kingdom	68 years	Jan 2016	-	Director
Mrs Tracey Hart	England	41 years	Jan 2021	-	Director

P&L

January 2023

turnover

8.8m

+3%

operating profit

214.8k

gross margin

14.4%

+6.17%

turnover

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

Balance Sheet

January 2023

net assets

746.6k

+0.28%

total assets

3.5m

+0.23%

cash

103.2k

+0.01%

net assets

Total assets minus all liabilities

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company number

09964840

Type

Private limited with Share Capital

industry

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

incorporation date

January 2016

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

17 st peters place, fleetwood, lancashire, FY7 6EB

last accounts submitted

January 2023

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 did not find charges/mortgages relating to gem seafoods international ltd.

gem seafoods international ltd Company Information

gem seafoods international ltd Estimated Valuation

gem seafoods international ltd Estimated Valuation

gem seafoods international ltd Estimated Valuation

Gem Seafoods International Ltd Overview

Gem Seafoods International Ltd Health Check

GEM SEAFOODS INTERNATIONAL LTD financials

gem seafoods international ltd Credit Report and Business Information

Gem Seafoods International Ltd Competitor Analysis

gem seafoods international ltd Ownership

gem seafoods international ltd directors

gem seafoods international ltd company details

gem seafoods international ltd Charges & Mortgages

gem seafoods international ltd Companies House Filings - See Documents