Denholm Seafoods Limited

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denholm seafoods limited Company Information

Company Number

SC344030

Next Accounts

Sep 2025

Directors

John Denholm

Robert Duthie

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Shareholders

denholm seafoods group limited

klondyke fish producers organisation limited

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Group Structure

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Industry

Processing and preserving of fish, crustaceans and molluscs

Registered Address

18 woodside crescent, glasgow, G3 7UL

Website

http://www.denholm-group.co.uk

denholm seafoods limited Estimated Valuation

£49.4m

Pomanda estimates the enterprise value of DENHOLM SEAFOODS LIMITED at £49.4m based on a Turnover of £50.9m and 0.97x industry multiple (adjusted for size and gross margin).

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Denholm Seafoods Limited is a live company located in glasgow, G3 7UL with a Companies House number of SC344030. It operates in the processing and preserving of fish, crustaceans and molluscs sector, SIC Code 10200. Founded in June 2008, it's largest shareholder is denholm seafoods group limited with a 94.7% stake. Denholm Seafoods Limited is a established, large sized company, Pomanda has estimated its turnover at £50.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Denholm Seafoods Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £50.9m, make it larger than the average company (£30.9m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (3.2%)

EXPORT

Denholm Seafoods Limited's latest turnover from December 2023 is £50.9 million and the company has net assets of £17.9 million. According to their latest financial statements, Denholm Seafoods Limited has 86 employees and maintains cash reserves of £3.7 million 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	50,906,203	47,667,881	44,912,390	38,604,000	45,947,784	34,410,348	34,427,843	33,274,617	28,726,720	37,417,104	33,471,039	34,378,479	34,044,419	28,003,335	25,302,800
Other Income Or Grants
Cost Of Sales	46,738,474	45,031,352	39,111,755	33,329,478	42,887,075	30,531,239	29,841,445	28,919,755	25,693,875	32,126,047	28,466,263	31,428,705	30,999,360	23,359,697	21,442,302
Gross Profit	4,167,729	2,636,529	5,800,635	5,274,522	3,060,709	3,879,109	4,586,398	4,354,862	3,032,845	5,291,057	5,004,776	2,949,774	3,045,059	4,643,638	3,860,498
Admin Expenses	4,555,299	4,404,421	3,557,066	2,993,968	3,107,916	2,590,777	2,472,413	2,642,070	2,338,127	2,990,896	2,720,274	2,278,218	2,182,061	3,146,441	3,148,245
Operating Profit	-387,570	-1,767,892	2,243,569	2,280,554	-47,207	1,288,332	2,113,985	1,712,792	694,718	2,300,161	2,284,502	671,556	862,998	1,497,197	712,253
Interest Payable	1,667,335	284,126	46,999	45,466	202,991	98,442	56,596	21,892	20,108	93,869	148,117	337,646	243,446	250,811	183,332
Interest Receivable		333	3,819	7,544	9,890	7,926	4,993	9,057	9,577	6,961	3,705	2,142	11,862	29,419	38,542
Pre-Tax Profit	-2,054,905	-2,051,685	2,200,389	2,242,632	-240,308	1,197,816	2,062,382	1,699,957	684,187	2,213,253	2,146,721	375,601	698,542	1,300,993	598,151
Tax	358,068	340,963	-538,171	-483,245	22,850	-263,023	-416,451	-350,377	-132,188	-468,552	-512,444	-76,216	-188,192	-506,267	-125,087
Profit After Tax	-1,696,837	-1,710,722	1,662,218	1,759,387	-217,458	934,793	1,645,931	1,349,580	551,999	1,744,701	1,634,277	299,385	510,350	794,726	473,064
Dividends Paid											101,400	560,250		200,003
Retained Profit	-1,696,837	-1,710,722	1,662,218	1,759,387	-217,458	934,793	1,645,931	1,349,580	551,999	1,744,701	1,532,877	-260,865	510,350	594,723	473,064
Employee Costs	4,154,589	4,286,280	3,910,045	3,574,320	3,384,811	3,274,587	2,995,765	2,578,389	3,069,527	3,332,451	2,507,769	2,568,241	2,371,104	2,314,052	1,917,738
Number Of Employees	86	100	100	100	99	96	84	84	86	89	86	87	85	81	70
EBITDA*	314,446	-1,098,281	2,868,643	2,919,831	677,242	1,997,396	2,795,527	2,356,568	1,353,651	2,959,094	2,887,663	1,435,705	1,626,933	2,258,304	1,435,333

* 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	30,563,280	20,223,718	8,969,457	7,393,638	7,431,571	7,678,444	7,131,652	6,160,939	6,289,795	6,632,853	6,921,420	6,929,684	7,476,141	7,854,331	8,179,808
Intangible Assets												1	4,258	9,934	15,610
Investments & Other	192,669	212,765	245,593	281,174	303,308	305,349	321,564	347,338	352,087	379,772	390,934	393,923	357,382	312,285	281,095
Debtors (Due After 1 year)
Total Fixed Assets	30,755,949	20,436,483	9,215,050	7,674,812	7,734,879	7,983,793	7,453,216	6,508,277	6,641,882	7,012,625	7,312,354	7,323,608	7,837,781	8,176,550	8,476,513
Stock & work in progress	16,633,761	12,347,906	9,469,260	8,300,450	5,235,402	14,270,082	9,552,250	6,563,366	3,441,241	3,883,487	3,262,638	3,170,359	4,818,630	2,051,447	1,084,938
Trade Debtors	5,968,042	7,989,427	7,847,590	4,337,358	4,401,126	2,514,763	2,853,913	2,054,031	3,657,129	2,741,734	3,292,287	2,655,633	3,271,269	1,678,538	2,205,279
Group Debtors									1,049,964	1,916,769					1,298,700
Misc Debtors	3,129,867	3,666,800	1,397,582	454,810	539,054	814,408	470,875	258,974	201,681	42,625	85,840	111,822	131,936	380,000	211,756
Cash	3,738,470	5,477,684	5,474,166	3,611,374	3,694,443	833,682	4,980,106	3,619,200	1,191,990	722,567	2,336,145	2,004,613	1,904,561	4,381,425	1,550,438
misc current assets
total current assets	29,470,140	29,481,817	24,188,598	16,703,992	13,870,025	18,432,935	17,857,144	12,495,571	9,542,005	9,307,182	8,976,910	7,942,427	10,126,396	8,491,410	6,351,111
total assets	60,226,089	49,918,300	33,403,648	24,378,804	21,604,904	26,416,728	25,310,360	19,003,848	16,183,887	16,319,807	16,289,264	15,266,035	17,964,177	16,667,960	14,827,624
Bank overdraft
Bank loan	3,284,053	13,563,686	9,683,400									2,000,000	600,000	600,000	546,700
Trade Creditors	729,995	4,763,802	736,722	875,142	384,884	556,417	255,836	109,719	121,711	124,737	210,796	108,423	116,731	171,272	177,168
Group/Directors Accounts		7,340,801	115,639	2,159,566	1,860,839	6,347,579	6,434,360	1,706,120			1,999,569	848,475	2,546,006	189,336
other short term finances	34,634	121,010	366	1,824	335	89,561			119,030	32,462
hp & lease commitments
other current liabilities	790,470	665,874	1,036,453	1,217,135	885,050	676,868	724,212	800,631	771,249	1,349,175	924,257	481,294	374,092	1,053,275	348,763
total current liabilities	4,839,152	26,455,173	11,572,580	4,253,667	3,131,108	7,670,425	7,414,408	2,616,470	1,011,990	1,506,374	3,134,622	3,438,192	3,636,829	2,013,883	1,072,631
loans	30,515,926												2,000,000	2,600,000	2,101,266
hp & lease commitments
Accruals and Deferred Income
other liabilities	3,026,825	1,335,650	83,656	185,212	286,766
provisions	3,908,734	2,495,188	404,401	259,132	265,624	219,117	202,001	225,624	271,562	339,885	351,189	432,055	545,483	657,350	728,544
total long term liabilities	37,451,485	3,830,838	488,057	444,344	552,390	219,117	202,001	225,624	271,562	339,885	351,189	432,055	2,545,483	3,257,350	2,829,810
total liabilities	42,290,637	30,286,011	12,060,637	4,698,011	3,683,498	7,889,542	7,616,409	2,842,094	1,283,552	1,846,259	3,485,811	3,870,247	6,182,312	5,271,233	3,902,441
net assets	17,935,452	19,632,289	21,343,011	19,680,793	17,921,406	18,527,186	17,693,951	16,161,754	14,900,335	14,473,548	12,803,453	11,395,788	11,781,865	11,396,727	10,925,183
total shareholders funds	17,935,452	19,632,289	21,343,011	19,680,793	17,921,406	18,527,186	17,693,951	16,161,754	14,900,335	14,473,548	12,803,453	11,395,788	11,781,865	11,396,727	10,925,183

	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	-387,570	-1,767,892	2,243,569	2,280,554	-47,207	1,288,332	2,113,985	1,712,792	694,718	2,300,161	2,284,502	671,556	862,998	1,497,197	712,253
Depreciation	702,016	753,267	726,630	740,833	724,449	709,064	681,542	643,776	658,933	658,933	603,160	759,892	758,259	755,431	715,985
Amortisation		-83,656	-101,556	-101,556							1	4,257	5,676	5,676	7,095
Tax	358,068	340,963	-538,171	-483,245	22,850	-263,023	-416,451	-350,377	-132,188	-468,552	-512,444	-76,216	-188,192	-506,267	-125,087
Stock	4,285,855	2,878,646	1,168,810	3,065,048	-9,034,680	4,717,832	2,988,884	3,122,125	-442,246	620,849	92,279	-1,648,271	2,767,183	966,509	1,084,938
Debtors	-2,558,318	2,411,055	4,453,004	-148,012	1,611,009	4,383	1,011,783	-2,595,769	207,646	1,323,001	610,672	-635,750	1,344,667	-1,657,197	3,715,735
Creditors	-4,033,807	4,027,080	-138,420	490,258	-171,533	300,581	146,117	-11,992	-3,026	-86,059	102,373	-8,308	-54,541	-5,896	177,168
Accruals and Deferred Income	124,596	-370,579	-180,682	332,085	208,182	-47,344	-76,419	29,382	-577,926	424,918	442,963	107,202	-679,183	704,512	348,763
Deferred Taxes & Provisions	1,413,546	2,090,787	145,269	-6,492	46,507	17,116	-23,623	-45,938	-68,323	-11,304	-80,866	-113,428	-111,867	-71,194	728,544
Cash flow from operations	-3,550,688	-299,731	-3,465,175	335,401	8,206,919	-2,717,489	-1,575,516	1,451,287	806,788	874,247	2,136,738	3,628,976	-3,518,700	3,070,147	-2,235,952
Investing Activities
capital expenditure	-11,041,578	-11,923,872	-2,200,893	-601,344	-477,576	-1,255,856	-1,652,255	-514,920	-315,875	-370,366	-594,896	-213,435	-380,069	-429,954	-8,918,498
Change in Investments	-20,096	-32,828	-35,581	-22,134	-2,041	-16,215	-25,774	-4,749	-27,685	-11,162	-2,989	36,541	45,097	31,190	281,095
cash flow from investments	-11,021,482	-11,891,044	-2,165,312	-579,210	-475,535	-1,239,641	-1,626,481	-510,171	-288,190	-359,204	-591,907	-249,976	-425,166	-461,144	-9,199,593
Financing Activities
Bank loans	-10,279,633	3,880,286	9,683,400								-2,000,000	1,400,000		53,300	546,700
Group/Directors Accounts	-7,340,801	7,225,162	-2,043,927	298,727	-4,486,740	-86,781	4,728,240	1,706,120		-1,999,569	1,151,094	-1,697,531	2,356,670	189,336
Other Short Term Loans	-86,376	120,644	-1,458	1,489	-89,226	89,561		-119,030	86,568	32,462
Long term loans	30,515,926											-2,000,000	-600,000	498,734	2,101,266
Hire Purchase and Lease Commitments
other long term liabilities	1,691,175	1,251,994	-101,556	-101,554	286,766
share issue					-388,322	-101,558	-113,734	-88,161	-125,212	-74,606	-125,212	-125,212	-125,212	-123,179	10,452,119
interest	-1,667,335	-283,793	-43,180	-37,922	-193,101	-90,516	-51,603	-12,835	-10,531	-86,908	-144,412	-335,504	-231,584	-221,392	-144,790
cash flow from financing	12,832,956	12,194,293	7,493,279	160,740	-4,870,623	-189,294	4,562,903	1,486,094	-49,175	-2,128,621	-1,118,530	-2,758,247	1,399,874	396,799	12,955,295
cash and cash equivalents
cash	-1,739,214	3,518	1,862,792	-83,069	2,860,761	-4,146,424	1,360,906	2,427,210	469,423	-1,613,578	331,532	100,052	-2,476,864	2,830,987	1,550,438
overdraft
change in cash	-1,739,214	3,518	1,862,792	-83,069	2,860,761	-4,146,424	1,360,906	2,427,210	469,423	-1,613,578	331,532	100,052	-2,476,864	2,830,987	1,550,438

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DENHOLM SEAFOODS LIMITED group structure

Denholm Seafoods Limited has no subsidiary companies.

Ultimate parent company

J. & J. DENHOLM LIMITED

00955037

DENHOLM SEAFOODS GROUP LIMITED

SC307440

2 parents

DENHOLM SEAFOODS LIMITED

SC344030

DENHOLM SEAFOODS LIMITED Shareholders

denholm seafoods group limited	94.67%
klondyke fish producers organisation limited	5%
unity fishing company limited	0.33%

Denholm Seafoods Limited currently has 9 directors. The longest serving directors include Mr John Denholm (Jun 2008) and Mr Robert Duthie (Sep 2008).

officer	country	age	start	end	role
Mr John Denholm		68 years	Jun 2008	-	Director
Mr Robert Duthie	United Kingdom	67 years	Sep 2008	-	Director
Mr Stephen Bellany	United Kingdom	62 years	Sep 2008	-	Director
Mr William Tait, Senior	United Kingdom	82 years	Sep 2008	-	Director
Mr Benjamin MacLehose	United Kingdom	44 years	Sep 2013	-	Director
Mr Richard Duthie	Scotland	41 years	Oct 2018	-	Director
Mr Angus Frew	United Kingdom	66 years	Oct 2021	-	Director
Mr Allan Stephen	United Kingdom	45 years	Feb 2022	-	Director
Mr Steven Wallace	United Kingdom	48 years	Jan 2025	-	Director

P&L

December 2023

turnover

50.9m

+7%

operating profit

-387.6k

-78%

gross margin

8.2%

+48.02%

turnover

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

Balance Sheet

December 2023

net assets

17.9m

-0.09%

total assets

60.2m

+0.21%

cash

3.7m

-0.32%

net assets

Total assets minus all liabilities

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company number

SC344030

Type

Private limited with Share Capital

industry

10200 - Processing and preserving of fish, crustaceans and molluscs

incorporation date

June 2008

ultimate parent company

J. & J. DENHOLM LIMITED

previous names

N/A

address

18 woodside crescent, glasgow, G3 7UL

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 6 charges/mortgages relating to denholm seafoods limited. Currently there are 1 open charges and 5 have been satisfied in the past.

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denholm seafoods limited Company Information

denholm seafoods limited Estimated Valuation

denholm seafoods limited Estimated Valuation

denholm seafoods limited Estimated Valuation

Denholm Seafoods Limited Overview

Denholm Seafoods Limited Health Check

DENHOLM SEAFOODS LIMITED financials

denholm seafoods limited Credit Report and Business Information

Denholm Seafoods Limited Competitor Analysis

denholm seafoods limited Ownership

denholm seafoods limited directors

denholm seafoods limited company details

denholm seafoods limited Charges & Mortgages

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denholm seafoods limited Companies House Filings - See Documents