OCEAN FISH (RETAIL) LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +37.7%

  £19,439,277 → £26,771,048

• Cash

  -77%

  £471,385 → £108,638

• Net assets

  +7.4%

  £1,599,389 → £1,716,964

• Employees

  +15.5%

  58 → 67

  highest in 5 filed years

• Operating profit

  +133.8%

  -£507,963 → £171,809

• Profit before tax

  +122.8%

  -£582,360 → £132,977

• Wages

  +15.9%

  £1,771,073 → £2,051,969

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. OCEAN FISH (RETAIL) LIMITED 2023-01-31 → present
2. S. RIDDLER LIMITED 1986-10-01 → 2023-01-31

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors' believe that the Company is well placed to manage its business risks and that the Company has adequate capacity to continue its operations for the foreseeable future. Accordingly, the Directors' have continued to adopt the going concern basis in the preparation of these accounts.”

Significant events

• “Retail turnover increased by 38% vs prior year at £26.8m. The Company has continued to strengthen its position selling into the UK retail sector as it develops new product offerings that appeal to domestic consumers as part of a balanced healthy diet.”
• “Raw material inflation The cost of fish is increasing year on year and never more so following global economic crisis and energy market inflation. Fish is a migratory species, and the cost can fluctuate significantly depending on availability.”
• “The Company enters into transactions in sterling and foreign currencies. It is therefore exposed to foreign currency movements which can cause raw material inflation and subsequent losses.”
• “The processing operations have a considerable amount of excess capacity that facilitates an increase in throughput volumes and cold storage capacity. The Company is targeting a significant increase in its current retail volumes with a mix of both core and new product offerings.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.