Blueshell Mussels Limited

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blueshell mussels limited Company Information

Live

MatureMidHealthy

Company Number

SC254395

Next Accounts

Apr 2025

Industry

Marine aquaculture

Processing and preserving of fish, crustaceans and molluscs

Directors

John Laurenson

Mandy Laurenson

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Shareholders

john michael laurenson

lindsay laurenson

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Group Structure

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Contact

Registered Address

farm office sparl, brae, shetland, ZE2 9QJ

Website

www.blueshellmussels.co.uk

blueshell mussels limited Estimated Valuation

£25.3m

Pomanda estimates the enterprise value of BLUESHELL MUSSELS LIMITED at £25.3m based on Net Assets of £12.2m and 2.07x industry multiple (adjusted for liquidity).

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Blueshell Mussels Limited is a live company located in shetland, ZE2 9QJ with a Companies House number of SC254395. It operates in the marine aquaculture sector, SIC Code 03210. Founded in August 2003, it's largest shareholder is john michael laurenson with a 42.9% stake. Blueshell Mussels Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with healthy growth in recent years.

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

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£18.9m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3.7%)

EXPORT

Blueshell Mussels Limited's latest turnover from July 2023 is estimated at £5.1 million and the company has net assets of £12.2 million. According to their latest financial statements, Blueshell Mussels Limited has 27 employees and maintains cash reserves of £3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Oct 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	5,143,585	5,481,851	5,756,425	3,538,863	6,671,434	8,119,046	6,456,020	5,349,813	14,102,535	15,829,791	8,428,935	8,222,618	6,255,997	5,413,208	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,092,112	4,364,754	4,526,579	2,772,398	5,143,591	6,062,225	5,172,259	4,447,729	11,603,679	12,750,154	7,016,562	6,731,074	4,772,523	4,277,852	0
Gross Profit	1,051,473	1,117,097	1,229,846	766,466	1,527,843	2,056,821	1,283,761	902,084	2,498,855	3,079,637	1,412,373	1,491,543	1,483,474	1,135,356	0
Admin Expenses	290,335	-982,600	-237,697	606,591	1,580,612	1,502,968	640,264	-842,169	1,283,345	1,532,389	746,741	404,213	637,641	912,593	-751,920
Operating Profit	761,138	2,099,697	1,467,543	159,875	-52,769	553,853	643,497	1,744,253	1,215,510	1,547,248	665,632	1,087,330	845,833	222,763	751,920
Interest Payable	0	25,139	46,081	53,437	76,043	90,374	57,479	12,253	0	0	0	0	1,050	3,124	2,074
Interest Receivable	125,095	19,931	1,530	1,463	10,874	9,063	5,180	9,142	4,497	1,638	2,255	2,110	294	728	728
Pre-Tax Profit	886,233	2,094,489	1,422,993	107,901	-117,937	472,542	591,198	1,741,143	1,220,008	1,548,886	667,887	1,089,439	845,077	220,367	750,574
Tax	-221,558	-397,953	-270,369	-20,501	0	-89,783	-112,328	-348,228	-244,001	-325,266	-153,614	-261,465	-219,720	-61,703	-210,161
Profit After Tax	664,675	1,696,536	1,152,624	87,400	-117,937	382,759	478,870	1,392,914	976,006	1,223,620	514,273	827,974	625,357	158,664	540,413
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	664,675	1,696,536	1,152,624	87,400	-117,937	382,759	478,870	1,392,914	976,006	1,223,620	514,273	827,974	625,357	158,664	540,413
Employee Costs	993,156	913,344	899,194	958,080	940,227	936,294	698,147	980,567	1,819,833	2,193,078	1,174,190	941,058	724,584	641,737	0
Number Of Employees	27	26	27	27	29	31	24	37	70	83	48	39	29	26	0
EBITDA*	1,297,372	2,341,478	1,849,778	545,578	314,888	887,941	956,317	2,058,841	1,565,725	1,902,049	891,872	1,438,459	1,098,379	553,569	986,420

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Oct 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	5,807,804	5,146,629	5,186,516	4,645,528	4,747,085	4,526,757	3,006,479	2,823,165	3,201,620	3,369,065	3,090,970	2,495,893	1,970,024	1,720,555	1,046,509
Intangible Assets	98,980	99,380	85,973	63,571	60,067	52,108	48,600	30,627	0	440	19,880	31,760	73,560	116,400	66,000
Investments & Other	3,293,480	2,829,132	2,873,748	2,873,748	2,873,748	2,873,648	2,822,912	507,869	486,163	375,350	363,000	121,853	121,853	106,548	46,171
Debtors (Due After 1 year)	70,186	42,900	34,150	35,881	44,809	65,956	142,715	321,475	0	0	0	0	0	0	0
Total Fixed Assets	9,270,450	8,118,041	8,180,387	7,618,728	7,725,709	7,518,469	6,020,706	3,683,136	3,687,783	3,744,855	3,473,850	2,649,506	2,165,437	1,943,503	1,158,680
Stock & work in progress	417,763	363,040	241,992	145,589	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	865,035	961,366	1,021,897	379,870	935,632	635,496	773,903	651,743	2,164,536	2,188,758	1,081,640	836,888	719,814	520,107	424,165
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,491,538	4,943,141	4,392,930	1,691,665	2,008,310	2,119,914	2,163,732	1,619,301	0	0	0	0	0	0	0
Cash	3,030,642	1,973,155	1,215,781	1,845,047	1,081,098	1,818,696	1,806,356	2,337,495	1,319,441	479,430	175,632	726,238	117,598	0	291,191
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,804,978	8,240,702	6,872,600	4,062,171	4,025,040	4,574,106	4,743,991	4,608,539	3,483,977	2,668,188	1,257,272	1,563,126	837,412	520,107	715,356
total assets	18,075,428	16,358,743	15,052,987	11,680,899	11,750,749	12,092,575	10,764,697	8,291,675	7,171,760	6,413,043	4,731,122	4,212,632	3,002,849	2,463,610	1,874,036
Bank overdraft	0	0	693,480	142,359	142,359	387,159	154,633	57,306	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	285,651	371,454	499,012	221,499	517,534	1,471,376	925,895	194,054	956,699	1,050,142	895,245	850,243	863,671	902,739	772,571
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	0	0	0	0	954	8,424	14,892	24,895	0	0	0	0	0	0	0
other current liabilities	4,675,995	4,202,665	3,310,927	1,785,431	1,380,940	304,140	583,497	480,813	0	0	0	0	0	0	0
total current liabilities	4,961,646	4,574,119	4,503,419	2,149,289	2,041,787	2,171,099	1,678,917	757,068	956,699	1,050,142	895,245	850,243	863,671	902,739	772,571
loans	0	0	0	674,999	792,324	931,269	1,307,674	319,714	0	0	0	0	0	32,312	63,814
hp & lease commitments	0	0	0	0	0	8,424	16,848	31,740	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	366,539	516,993	551,603	628,722	731,530	629,863	407,503	280,467	748,167	857,272	574,213	622,123	637,290	701,741	373,445
provisions	506,414	355,156	287,188	255,272	253,459	253,459	232,342	239,974	175,865	168,257	124,387	98,931	81,138	26,361	17,082
total long term liabilities	872,953	872,149	838,791	1,558,993	1,777,313	1,823,015	1,964,367	871,895	924,032	1,025,529	698,600	721,054	718,428	760,414	454,341
total liabilities	5,834,599	5,446,268	5,342,210	3,708,282	3,819,100	3,994,114	3,643,284	1,628,963	1,880,731	2,075,671	1,593,845	1,571,297	1,582,099	1,663,153	1,226,912
net assets	12,240,829	10,912,475	9,710,777	7,972,617	7,931,649	8,098,461	7,121,413	6,662,712	5,291,029	4,337,372	3,137,277	2,641,335	1,420,750	800,457	647,124
total shareholders funds	12,240,829	10,912,475	9,710,777	7,972,617	7,931,649	8,098,461	7,121,413	6,662,712	5,291,029	4,337,372	3,137,277	2,641,335	1,420,750	800,457	647,124

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Oct 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	761,138	2,099,697	1,467,543	159,875	-52,769	553,853	643,497	1,744,253	1,215,510	1,547,248	665,632	1,087,330	845,833	222,763	751,920
Depreciation	535,834	241,681	382,235	385,703	367,657	334,088	312,820	314,588	349,775	335,361	214,360	309,329	207,506	286,206	196,900
Amortisation	400	100	0	0	0	0	0	0	440	19,440	11,880	41,800	45,040	44,600	37,600
Tax	-221,558	-397,953	-270,369	-20,501	0	-89,783	-112,328	-348,228	-244,001	-325,266	-153,614	-261,465	-219,720	-61,703	-210,161
Stock	54,723	121,048	96,403	145,589	0	0	0	0	0	0	0	0	0	0	0
Debtors	-520,648	498,430	3,341,561	-881,335	167,385	-258,984	487,831	427,983	-24,222	1,107,118	244,752	117,074	199,707	95,942	424,165
Creditors	-85,803	-127,558	277,513	-296,035	-953,842	545,481	731,841	-762,645	-93,443	154,897	45,002	-13,428	-39,068	130,168	772,571
Accruals and Deferred Income	473,330	891,738	1,525,496	404,491	1,076,800	-279,357	102,684	480,813	0	0	0	0	0	0	0
Deferred Taxes & Provisions	151,258	67,968	31,916	1,813	0	21,117	-7,632	64,109	7,608	43,870	25,456	17,793	54,777	9,279	17,082
Cash flow from operations	2,080,524	2,156,195	-23,630	1,371,092	270,461	1,344,383	1,183,051	1,064,907	1,260,111	668,432	563,964	1,064,285	694,661	535,371	1,141,747
Investing Activities
capital expenditure	-1,197,009	-215,301	-945,625	-287,650	-595,944	-1,857,874	-514,107	33,240	-182,330	-613,456	-809,437	-835,198	-459,175	-1,055,252	-1,347,009
Change in Investments	464,348	-44,616	0	0	100	50,736	2,315,043	21,706	110,813	12,350	241,147	0	15,305	60,377	46,171
cash flow from investments	-1,661,357	-170,685	-945,625	-287,650	-596,044	-1,908,610	-2,829,150	11,534	-293,143	-625,806	-1,050,584	-835,198	-474,480	-1,115,629	-1,393,180
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	-674,999	-117,325	-138,945	-376,405	987,960	319,714	0	0	0	0	-32,312	-31,502	63,814
Hire Purchase and Lease Commitments	0	0	0	-954	-15,894	-14,892	-24,895	56,635	0	0	0	0	0	0	0
other long term liabilities	-150,454	-34,610	-77,119	-102,808	101,667	222,360	127,036	-467,700	-109,105	283,059	-47,910	-15,167	-64,451	328,296	373,445
share issue	663,679	-494,838	585,536	-46,432	-48,875	594,289	-20,169	-21,231	-22,349	-23,525	-18,331	392,611	-5,064	-5,331	106,711
interest	125,095	-5,208	-44,551	-51,974	-65,169	-81,311	-52,299	-3,111	4,497	1,638	2,255	2,110	-756	-2,396	-1,346
cash flow from financing	638,320	-534,656	-211,133	-319,493	-167,216	344,041	1,017,633	-115,693	-126,957	261,172	-63,986	379,554	-102,583	289,067	542,624
cash and cash equivalents
cash	1,057,487	757,374	-629,266	763,949	-737,598	12,340	-531,139	1,018,054	840,011	303,798	-550,606	608,640	117,598	-291,191	291,191
overdraft	0	-693,480	551,121	0	-244,800	232,526	97,327	57,306	0	0	0	0	0	0	0
change in cash	1,057,487	1,450,854	-1,180,387	763,949	-492,798	-220,186	-628,466	960,748	840,011	303,798	-550,606	608,640	117,598	-291,191	291,191

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 blueshell mussels limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mid companies, companies in ZE2 area or any other competitors across 12 key performance metrics.

BLUESHELL MUSSELS LIMITED group structure

Blueshell Mussels Limited has 4 subsidiary companies.

Ultimate parent company

BLUESHELL MUSSELS LIMITED

SC254395

4 subsidiaries

SI SEAFARMS LIMITED

SC251214

SHETLAND CRAB LTD

SC438689

CRIBBA SOUND LTD.

SC291896

COLLAFIRTH SHELLFISH LTD

SC617857

BLUESHELL MUSSELS LIMITED Shareholders

john michael laurenson	42.86%
lindsay laurenson	42.86%
mandy louise laurenson	14.29%

Blueshell Mussels Limited currently has 3 directors. The longest serving directors include Mr John Laurenson (Sep 2003) and Ms Mandy Laurenson (Sep 2003).

officer	country	age	start	end	role
Mr John Laurenson	Scotland	56 years	Sep 2003	-	Director
Ms Mandy Laurenson	Scotland	51 years	Sep 2003	-	Director
Mr Lindsay Laurenson	Scotland	51 years	Aug 2023	-	Director

P&L

July 2023

turnover

5.1m

-6%

operating profit

761.1k

gross margin

20.5%

+0.32%

turnover

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

Balance Sheet

July 2023

net assets

12.2m

+0.12%

total assets

18.1m

+0.1%

cash

+0.54%

net assets

Total assets minus all liabilities

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company number

SC254395

Type

Private limited with Share Capital

industry

03210 - Marine aquaculture

10200 - Processing and preserving of fish, crustaceans and molluscs

incorporation date

August 2003

ultimate parent company

None

previous names

picnicgreat limited (September 2003)

address

farm office sparl, brae, shetland, ZE2 9QJ

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 11 charges/mortgages relating to blueshell mussels limited. Currently there are 0 open charges and 11 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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blueshell mussels limited Company Information

blueshell mussels limited Estimated Valuation

blueshell mussels limited Estimated Valuation

blueshell mussels limited Estimated Valuation

Blueshell Mussels Limited Overview

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BLUESHELL MUSSELS LIMITED financials

blueshell mussels limited Credit Report and Business Information

Blueshell Mussels Limited Competitor Analysis

blueshell mussels limited Ownership

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blueshell mussels limited Charges & Mortgages

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