Norscot Seafoods Limited

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norscot seafoods limited Company Information

Live

MatureMidHealthy

Company Number

SC078781

Next Accounts

Sep 2025

Industry

Retail sale of fish, crustaceans and molluscs in specialised stores

Directors

Joan Morrison

Daniel Morrison

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Shareholders

joan morrison

Group Structure

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Contact

Registered Address

cairn-nulla, burnside, riconich, lairg, sutherland, IV27 4RP

Website

norscot seafoods limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of NORSCOT SEAFOODS LIMITED at £5.1m based on a Turnover of £5.2m and 0.99x industry multiple (adjusted for size and gross margin).

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Norscot Seafoods Limited is a live company located in riconich, lairg, IV27 4RP with a Companies House number of SC078781. It operates in the retail sale of fish, crustaceans and molluscs in specialised stores sector, SIC Code 47230. Founded in May 1982, it's largest shareholder is joan morrison with a 100% stake. Norscot Seafoods Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Norscot Seafoods Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £5.2m, make it larger than the average company (£740.3k)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (7.2%)

EXPORT

Norscot Seafoods Limited's latest turnover from December 2023 is estimated at £5.2 million and the company has net assets of £1.4 million. According to their latest financial statements, Norscot Seafoods Limited has 20 employees and maintains cash reserves of £317.1 thousand 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	5,162,316	4,653,443	3,596,454	3,409,990	5,719,827	3,727,798	5,042,988	7,258,382	10,210,747	8,514,738	6,428,076	5,127,692	4,187,885	3,363,744	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,287,236	3,877,219	2,996,543	2,611,791	4,274,869	2,777,608	3,774,676	5,318,987	6,360,520	5,072,510	3,729,087	3,101,203	2,753,385	1,984,118	0
Gross Profit	875,080	776,224	599,912	798,200	1,444,959	950,189	1,268,312	1,939,396	3,850,227	3,442,228	2,698,989	2,026,488	1,434,500	1,379,626	0
Admin Expenses	1,012,945	876,881	661,291	593,420	1,408,898	944,328	1,167,915	1,647,478	3,779,695	3,488,415	2,298,306	1,902,543	1,360,891	1,231,437	-722,850
Operating Profit	-137,865	-100,657	-61,379	204,780	36,061	5,861	100,397	291,918	70,532	-46,187	400,683	123,945	73,609	148,189	722,850
Interest Payable	5,204	0	2,239	2,185	0	0	0	3,932	4,089	0	0	0	0	0	0
Interest Receivable	15,656	10,948	2,126	1,121	6,319	6,981	5,019	2,060	3,247	3,914	4,047	3,354	2,018	481	194
Pre-Tax Profit	-127,413	-89,709	-61,491	203,716	42,380	12,842	105,416	290,046	69,690	-42,273	404,730	127,299	75,627	148,669	723,044
Tax	0	0	0	-38,706	-8,052	-2,440	-20,029	-58,009	-13,938	0	-93,088	-30,552	-19,663	-41,627	-202,452
Profit After Tax	-127,413	-89,709	-61,491	165,010	34,328	10,402	85,387	232,037	55,752	-42,273	311,642	96,747	55,964	107,042	520,592
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-127,413	-89,709	-61,491	165,010	34,328	10,402	85,387	232,037	55,752	-42,273	311,642	96,747	55,964	107,042	520,592
Employee Costs	672,398	603,954	496,754	515,781	537,006	515,350	449,940	559,694	0	0	0	0	0	0	0
Number Of Employees	20	17	14	14	15	15	13	13	13	0	0	0	0	0	0
EBITDA*	-78,375	-31,597	14,612	299,970	153,451	80,043	192,706	383,798	152,235	56,140	464,928	175,162	140,027	198,688	805,207

* 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	633,009	688,149	762,493	690,423	616,504	497,681	530,354	643,688	658,296	603,054	606,923	459,782	525,319	491,367	430,531
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	56,879	56,879	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,800
Total Fixed Assets	633,009	688,149	762,493	690,423	616,504	497,681	530,354	643,688	658,296	659,933	663,802	459,782	525,319	491,367	443,331
Stock & work in progress	38,000	38,000	9,192	8,000	8,000	8,000	12,000	20,150	20,150	20,150	25,725	31,300	5,000	5,000	5,000
Trade Debtors	968,913	1,032,262	951,751	592,547	1,052,642	1,003,239	918,412	901,971	450,642	373,797	435,360	542,939	374,952	976,126	680,750
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,347	12,173	56,993	14,631	327,006	24,399	20,111	33,601	36,706	15,875	0	0	0	0	0
Cash	317,094	279,326	346,257	1,354,926	887,091	798,039	1,063,461	944,298	703,589	595,295	970,306	648,632	692,831	114,561	77,708
misc current assets	79,960	77,667	75,634	74,185	72,190	70,491	69,347	67,247	65,193	64,792	64,271	62,839	104,431	104,431	101,332
total current assets	1,421,314	1,439,428	1,439,827	2,044,289	2,346,929	1,904,168	2,083,331	1,967,267	1,276,280	1,069,909	1,495,662	1,285,710	1,177,214	1,200,118	864,790
total assets	2,054,323	2,127,577	2,202,320	2,734,712	2,963,433	2,401,849	2,613,685	2,610,955	1,934,576	1,729,842	2,159,464	1,745,492	1,702,533	1,691,485	1,308,121
Bank overdraft	92,511	0	0	71,646	0	0	0	0	125,809	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	447,420	379,401	265,255	508,322	1,050,885	669,597	839,953	785,147	248,605	410,590	717,528	741,873	858,299	878,713	650,468
Group/Directors Accounts	0	0	0	0	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	0	0	0	0
hp & lease commitments	41,794	94,599	98,866	110,490	106,905	58,409	59,463	94,606	105,310	0	0	0	0	0	0
other current liabilities	10,791	10,813	20,682	99,289	22,396	57,935	77,721	96,386	51,100	0	0	0	0	0	0
total current liabilities	592,516	484,813	384,803	789,747	1,180,186	785,941	977,137	976,139	530,824	410,590	717,528	741,873	858,299	878,713	650,468
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	15,600	57,394	151,993	214,781	185,029	76,505	99,705	159,080	159,186	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	2,442	6,104	0
other liabilities	0	0	0	0	0	0	0	0	0	141,887	221,947	126,204	57,863	87,303	50,363
provisions	72,190	83,940	74,385	77,554	74,977	52,190	61,175	87,555	90,476	79,428	80,300	50,800	55,900	47,300	35,600
total long term liabilities	87,790	141,334	226,378	292,335	260,006	128,695	160,880	246,635	249,662	221,315	302,247	177,004	116,205	140,707	85,963
total liabilities	680,306	626,147	611,181	1,082,082	1,440,192	914,636	1,138,017	1,222,774	780,486	631,905	1,019,775	918,877	974,504	1,019,420	736,431
net assets	1,374,017	1,501,430	1,591,139	1,652,630	1,523,241	1,487,213	1,475,668	1,388,181	1,154,090	1,097,937	1,139,689	826,615	728,029	672,065	571,690
total shareholders funds	1,374,017	1,501,430	1,591,139	1,652,630	1,523,241	1,487,213	1,475,668	1,388,181	1,154,090	1,097,937	1,139,689	826,615	728,029	672,065	571,690

	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	-137,865	-100,657	-61,379	204,780	36,061	5,861	100,397	291,918	70,532	-46,187	400,683	123,945	73,609	148,189	722,850
Depreciation	59,490	69,060	75,991	95,190	117,390	74,182	92,309	91,880	81,703	102,327	64,245	51,217	66,418	50,499	82,357
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-38,706	-8,052	-2,440	-20,029	-58,009	-13,938	0	-93,088	-30,552	-19,663	-41,627	-202,452
Stock	0	28,808	1,192	0	0	-4,000	-8,150	0	0	-5,575	-5,575	26,300	0	0	5,000
Debtors	-58,175	35,691	401,566	-772,470	352,010	89,115	2,951	448,224	97,676	-45,688	-107,579	167,987	-601,174	282,576	693,550
Creditors	68,019	114,146	-243,067	-542,563	381,288	-170,356	54,806	536,542	-161,985	-306,938	-24,345	-116,426	-20,414	228,245	650,468
Accruals and Deferred Income	-22	-9,869	-78,607	76,893	-35,539	-19,786	-18,665	45,286	51,100	0	0	-2,442	-3,662	6,104	0
Deferred Taxes & Provisions	-11,750	9,555	-3,169	2,577	22,787	-8,985	-26,380	-2,921	11,048	-872	29,500	-5,100	8,600	11,700	35,600
Cash flow from operations	36,047	17,736	-712,989	570,641	161,925	-206,639	187,637	456,472	-59,216	-200,407	490,149	-173,645	706,062	120,534	590,273
Investing Activities
capital expenditure	-4,350	5,284	-148,061	-169,109	-236,213	-41,509	21,025	-77,272	-136,945	-98,458	-211,386	14,320	-100,370	-111,335	-512,888
Change in Investments	0	0	0	0	0	0	0	0	-56,879	0	56,879	0	0	0	0
cash flow from investments	-4,350	5,284	-148,061	-169,109	-236,213	-41,509	21,025	-77,272	-80,066	-98,458	-268,265	14,320	-100,370	-111,335	-512,888
Financing Activities
Bank loans	0	0	0	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	0	0	0
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	-94,599	-98,866	-74,412	33,337	157,020	-24,254	-94,518	-10,810	264,496	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-141,887	-80,060	95,743	68,341	-29,440	36,940	50,363
share issue	0	0	0	-35,621	1,700	1,143	2,100	2,054	401	521	1,432	1,839	0	-6,667	51,098
interest	10,452	10,948	-113	-1,064	6,319	6,981	5,019	-1,872	-842	3,914	4,047	3,354	2,018	481	194
cash flow from financing	-84,147	-87,918	-74,525	-3,348	165,039	-16,130	-87,399	-10,628	122,168	-75,625	101,222	73,534	-27,422	30,754	101,655
cash and cash equivalents
cash	37,768	-66,931	-1,008,669	467,835	89,052	-265,422	119,163	240,709	108,294	-375,011	321,674	-44,199	578,270	36,853	77,708
overdraft	92,511	0	-71,646	71,646	0	0	0	-125,809	125,809	0	0	0	0	0	0
change in cash	-54,743	-66,931	-937,023	396,189	89,052	-265,422	119,163	366,518	-17,515	-375,011	321,674	-44,199	578,270	36,853	77,708

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORSCOT SEAFOODS LIMITED group structure

Norscot Seafoods Limited has no subsidiary companies.

Ultimate parent company

NORSCOT SEAFOODS LIMITED

SC078781

NORSCOT SEAFOODS LIMITED Shareholders

joan morrison

100%

Norscot Seafoods Limited currently has 5 directors. The longest serving directors include Ms Joan Morrison (Mar 1989) and Mr Daniel Morrison (Nov 2019).

officer	country	age	start	end	role
Ms Joan Morrison		70 years	Mar 1989	-	Director
Mr Daniel Morrison	United Kingdom	36 years	Nov 2019	-	Director
Mrs Jacqui-Ann Munro	Scotland	47 years	Nov 2019	-	Director
Mrs Jacqui-Anne Munro	Scotland	47 years	Nov 2019	-	Director
Mr Daniel Morrison	United Kingdom	36 years	Nov 2019	-	Director

P&L

December 2023

turnover

5.2m

+11%

operating profit

-137.9k

gross margin

17%

+1.62%

turnover

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

Balance Sheet

December 2023

net assets

1.4m

-0.08%

total assets

2.1m

-0.03%

cash

317.1k

+0.14%

net assets

Total assets minus all liabilities

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company number

SC078781

Type

Private limited with Share Capital

industry

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

incorporation date

May 1982

ultimate parent company

None

previous names

N/A

address

cairn-nulla, burnside, riconich, lairg, sutherland, IV27 4RP

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norscot seafoods limited Company Information

norscot seafoods limited Estimated Valuation

norscot seafoods limited Estimated Valuation

norscot seafoods limited Estimated Valuation

Norscot Seafoods Limited Overview

Norscot Seafoods Limited Health Check

NORSCOT SEAFOODS LIMITED financials

norscot seafoods limited Credit Report and Business Information

Norscot Seafoods Limited Competitor Analysis

norscot seafoods limited Ownership

norscot seafoods limited directors

norscot seafoods limited company details

norscot seafoods limited Charges & Mortgages

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norscot seafoods limited Companies House Filings - See Documents