Argyll Seafoods Limited

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argyll seafoods limited Company Information

Live

MatureSmallDeclining

Company Number

SC255313

Next Accounts

52 days late

Industry

Processing and preserving of fish, crustaceans and molluscs

Directors

Peter Roy

Shareholders

peter william roy

lucy helen roy

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Group Structure

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Contact

Registered Address

ardlaverock, strachur, argyll, PA27 8BY

Website

www.argyllsmokery.com

argyll seafoods limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of ARGYLL SEAFOODS LIMITED at £2.2m based on a Turnover of £3.7m and 0.61x industry multiple (adjusted for size and gross margin).

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Argyll Seafoods Limited is a live company located in argyll, PA27 8BY with a Companies House number of SC255313. It operates in the processing and preserving of fish, crustaceans and molluscs sector, SIC Code 10200. Founded in September 2003, it's largest shareholder is peter william roy with a 62% stake. Argyll Seafoods Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Argyll Seafoods Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£30.6m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (2.6%)

EXPORT

Argyll Seafoods Limited's latest turnover from December 2022 is estimated at £3.7 million and the company has net assets of £419.2 thousand. According to their latest financial statements, we estimate that Argyll Seafoods Limited has 17 employees and maintains cash reserves of £177.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	3,702,380	3,993,751	3,436,834	5,096,737	5,429,397	4,426,862	4,288,127	3,776,466	4,217,614	4,136,316	3,547,670	4,045,188	4,591,341	3,711,686
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,127,575	3,354,278	2,929,741	4,336,818	4,680,403	3,809,031	3,630,509	3,599,719	3,952,017	3,966,052	3,334,551	3,668,664	4,397,249	3,488,565
Gross Profit	574,805	639,473	507,093	759,919	748,995	617,831	657,618	176,747	265,597	170,264	213,119	376,524	194,092	223,121
Admin Expenses	600,090	607,038	378,248	861,502	700,075	566,974	662,881	60,945	56,125	62,294	67,253	58,581	45,790	47,313
Operating Profit	-25,285	32,435	128,845	-101,583	48,920	50,857	-5,263	115,802	209,472	107,970	145,866	317,943	148,302	175,808
Interest Payable	0	0	0	0	0	0	436	0	0	0	2,147	1,419	4,752	4,455
Interest Receivable	6,109	446	133	629	646	596	432	0	0	0	0	0	0	0
Pre-Tax Profit	-19,176	32,880	128,978	-100,954	49,567	51,453	-5,268	115,802	209,472	107,970	143,719	316,524	143,550	171,353
Tax	0	-6,247	-24,506	0	-9,418	-9,776	0	-34,142	-41,984	-23,205	-28,333	-67,231	-30,042	-33,389
Profit After Tax	-19,176	26,633	104,472	-100,954	40,149	41,677	-5,268	81,660	167,488	84,765	115,386	249,293	113,508	137,964
Dividends Paid	0	0	0	0	0	0	0	165,539	120,000	127,824	137,353	50,000	93,648	125,855
Retained Profit	-19,176	26,633	104,472	-100,954	40,149	41,677	-5,268	-83,879	47,488	-43,059	-21,967	199,293	19,860	12,109
Employee Costs	518,812	346,925	385,163	350,000	296,816	301,359	281,237	254,306	247,002	240,437	236,020	241,825	222,512	205,804
Number Of Employees	17	12	13	13	12	12	12	11	11	11	11	11	12	12
EBITDA*	-22,091	35,465	130,390	-99,288	51,215	54,564	-40	120,275	213,945	116,562	155,786	325,627	156,153	184,473

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	53,778	56,152	51,759	53,304	55,599	57,774	61,481	63,704	68,177	69,065	77,657	76,397	84,081	85,682
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	53,778	56,152	51,759	53,304	55,599	57,774	61,481	63,704	68,177	69,065	77,657	76,397	84,081	85,682
Stock & work in progress	4,000	4,000	4,000	4,000	5,783	2,250	2,250	2,250	0	0	0	0	0	0
Trade Debtors	516,226	591,004	511,508	776,831	970,708	823,700	787,620	559,489	702,019	804,401	601,023	493,063	691,345	676,225
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	35,204	84,274	31,592	46,485	37,084	29,800	25,349	40,667	24,180	19,249	34,762	24,566	16,791	16,130
Cash	177,800	171,290	185,120	80,406	87,218	85,107	153,176	192,071	195,470	44,740	156,424	316,907	71,219	51,962
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	733,230	850,568	732,220	907,722	1,100,793	940,857	968,395	794,477	921,669	868,390	792,209	834,536	779,355	744,317
total assets	787,008	906,720	783,979	961,026	1,156,392	998,631	1,029,876	858,181	989,846	937,455	869,866	910,933	863,436	829,999
Bank overdraft	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	8,219	9,300	9,000
Trade Creditors	364,372	459,221	355,931	619,373	714,243	603,997	683,776	459,353	505,518	533,791	423,013	389,031	489,243	438,031
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	3,000	9,141	16,323	34,400	33,942	26,576	14,777	53,217	53,355	34,382	34,511	79,153	37,695	53,080
total current liabilities	367,372	468,362	372,254	653,773	748,185	630,573	698,553	512,570	558,873	568,173	457,524	476,403	536,238	500,111
loans	0	0	0	0	0	0	0	13,962	15,445	1,242	1,243	1,464	93,425	115,975
hp & lease commitments	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
other liabilities	454	0	0	0	0	0	4,942	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	454	0	0	0	0	0	4,942	13,962	15,445	1,242	1,243	1,464	93,425	115,975
total liabilities	367,826	468,362	372,254	653,773	748,185	630,573	703,495	526,532	574,318	569,415	458,767	477,867	629,663	616,086
net assets	419,182	438,358	411,725	307,253	408,207	368,058	326,381	331,649	415,528	368,040	411,099	433,066	233,773	213,913
total shareholders funds	419,182	438,358	411,725	307,253	408,207	368,058	326,381	331,649	415,528	368,040	411,099	433,066	233,773	213,913

	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	-25,285	32,435	128,845	-101,583	48,920	50,857	-5,263	115,802	209,472	107,970	145,866	317,943	148,302	175,808
Depreciation	3,194	3,030	1,545	2,295	2,295	3,707	5,223	4,473	4,473	8,592	9,920	7,684	7,851	8,665
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-6,247	-24,506	0	-9,418	-9,776	0	-34,142	-41,984	-23,205	-28,333	-67,231	-30,042	-33,389
Stock	0	0	0	-1,783	3,533	0	0	2,250	0	0	0	0	0	0
Debtors	-123,848	132,178	-280,216	-184,476	154,292	40,531	212,813	-126,043	-97,451	187,865	118,156	-190,507	15,781	692,355
Creditors	-94,849	103,290	-263,442	-94,870	110,246	-79,779	224,423	-46,165	-28,273	110,778	33,982	-100,212	51,212	438,031
Accruals and Deferred Income	-6,141	-7,182	-18,077	458	7,366	11,799	-38,440	-138	18,973	-129	-44,642	41,458	-15,385	53,080
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	767	-6,852	104,581	-7,441	1,584	-63,723	-26,870	163,623	260,112	16,141	-1,363	390,149	146,157	-50,160
Investing Activities
capital expenditure	-820	-7,423	0	0	-120	0	-3,000	0	-3,585	0	-11,180	0	-6,250	-94,347
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-820	-7,423	0	0	-120	0	-3,000	0	-3,585	0	-11,180	0	-6,250	-94,347
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	-8,219	-1,081	300	9,000
Group/Directors Accounts	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
Long term loans	0	0	0	0	0	0	-13,962	-1,483	14,203	-1	-221	-91,961	-22,550	115,975
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	454	0	0	0	0	-4,942	4,942	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	201,804
interest	6,109	446	133	629	646	596	-4	0	0	0	-2,147	-1,419	-4,752	-4,455
cash flow from financing	6,563	446	133	629	646	-4,346	-9,024	-1,483	14,203	-1	-10,587	-94,461	-27,002	322,324
cash and cash equivalents
cash	6,510	-13,830	104,714	-6,812	2,111	-68,069	-38,895	-3,399	150,730	-111,684	-160,483	245,688	19,257	51,962
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	6,510	-13,830	104,714	-6,812	2,111	-68,069	-38,895	-3,399	150,730	-111,684	-160,483	245,688	19,257	51,962

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARGYLL SEAFOODS LIMITED group structure

Argyll Seafoods Limited has no subsidiary companies.

Ultimate parent company

ARGYLL SEAFOODS LIMITED

SC255313

ARGYLL SEAFOODS LIMITED Shareholders

peter william roy	62%
lucy helen roy	19%
alison glenda roy	19%

Argyll Seafoods Limited currently has 1 director, Mr Peter Roy serving since Sep 2003.

officer	country	age	start	end	role
Mr Peter Roy	Scotland	74 years	Sep 2003	-	Director

P&L

December 2022

turnover

3.7m

-7%

operating profit

-25.3k

gross margin

15.6%

-3.04%

turnover

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

Balance Sheet

December 2022

net assets

419.2k

-0.04%

total assets

787k

-0.13%

cash

177.8k

+0.04%

net assets

Total assets minus all liabilities

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company number

SC255313

Type

Private limited with Share Capital

industry

10200 - Processing and preserving of fish, crustaceans and molluscs

incorporation date

September 2003

ultimate parent company

None

previous names

N/A

address

ardlaverock, strachur, argyll, PA27 8BY

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 argyll seafoods limited. Currently there are 2 open charges and 0 have been satisfied in the past.

argyll seafoods limited Company Information

argyll seafoods limited Estimated Valuation

argyll seafoods limited Estimated Valuation

argyll seafoods limited Estimated Valuation

Argyll Seafoods Limited Overview

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ARGYLL SEAFOODS LIMITED financials

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