LOCH FYNE OYSTERS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-08 (in 5mo)
Last made up 2025-09-24
Watchouts
None on the register
Cash
£132K
Latest balance sheet
Net assets
-£2M
lowest in 6 filed years
Employees
69
lowest in 6 filed years
Profit before tax
-£2M
lowest in 3 filed years
Net assets
6-year trend · vs Consumer Staples median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £14,942,095 | £13,186,660 | |
| Operating profit | — | — | — | — | -£772,388 | -£1,822,027 | |
| Profit before tax | — | — | — | -£1,678,955 | -£1,189,653 | -£1,927,033 | |
| Net profit | -£971,644 | -£921,693 | -£1,801,419 | -£1,678,955 | -£1,189,653 | -£1,927,033 | |
| Cash | £23,073 | £27,173 | £40,183 | £264,449 | £34,672 | £131,564 | |
| Total assets less current liabilities | £791,243 | -£152,213 | — | £2,012,299 | £672,456 | -£2,279,973 | |
| Net assets | £526,510 | -£395,183 | -£2,196,602 | £684,443 | -£505,210 | -£2,432,243 | |
| Equity | £526,510 | — | — | £684,443 | -£505,210 | -£2,432,243 | |
| Average employees | 121 | 119 | 111 | 110 | 101 | 69 | |
| Wages | £2,741,188 | £2,817,464 | £2,687,379 | £2,873,248 | £2,719,979 | £2,136,095 | |
| Directors' remuneration | — | — | — | £104,153 | £115,329 | £0 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-10-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -5.2% | -13.8% | |
| Net margin | — | — | — | — | -8.0% | -14.6% | |
| Return on capital employed | — | — | — | — | -114.9% | 79.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | 110.1% | 145.2% | |
| Current ratio | — | — | — | — | 0.50x | 0.34x | |
| Interest cover | — | — | — | — | -7.17x | -17.35x |
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.
Name history
Renamed 1 time since incorporation
- LOCH FYNE OYSTERS LIMITED 1986-08-28 → present
- LOCH FYNE OYSTERS (ARDKINGLAS) LIMITED 1978-12-15 → 1986-08-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the end of the period the company had a net deficit of £2.4m on its balance sheet. The directors have obtained assurances that the group's parent (and ultimately its investors) will continue to provide financial support as necessary to allow the company to meet its obligations as they fall due. On the basis of the assurances received, the directors believe that there is a reasonable expectation that the company will have the necessary resources and support that will provide sufficient headroom to meet its forecast cash requirements.”
Group structure
- LOCH FYNE OYSTERS LIMITED · parent
- Seasalter (Walney) Limited 100%
Significant events
- “On 04 July 2025, the loan balance of £1.3m due to Farm Originals was reassigned to the entity's parent, Associated Seafoods Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2015-03-12 | — | — |
| ANDERSON, Colin Craig | Director | 2014-09-24 | Oct 1962 | British |
| LAVRENTYEV, Viacheslav | Director | 2019-10-23 | Apr 1960 | British |
| WEST, William Victor | Director | 2023-06-19 | Jan 1973 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRAIG, Robert Harvey | Secretary | 2000-11-14 | 2002-04-05 |
| MCGLASHAN, Iain Alan Stuart | Secretary | 2002-04-05 | 2004-11-05 |
| NOBLE, Simon John | Secretary | — | 2000-11-14 |
| SEABORNE, Helen | Secretary | 2004-11-05 | 2015-01-28 |
| ATTWOOD, David Russell | Director | 2000-01-01 | 2015-08-13 |
| BREMNER, Francis | Director | 2004-09-17 | 2010-11-18 |
| BRIGGS, Simon Thomas | Director | 1999-10-01 | 2015-07-21 |
| BROWN, Cameron Matthew | Director | 2015-03-17 | 2023-06-19 |
| BURGESS, Victoria Jane | Director | 2003-08-01 | 2006-09-28 |
| CRAIG, Robert Harvey | Director | 1990-04-25 | 2012-02-17 |
| DAVIDSON, Bruce Charles | Director | 2006-05-01 | 2015-06-26 |
| DAVIDSON, James Gordon | Director | 1997-01-01 | 2005-11-17 |
| GORDON, Alistair David Kirk | Director | 1991-02-13 | 1994-07-08 |
| HAMILTON, Caryl | Director | 2016-10-12 | 2018-11-02 |
| JOHNSTON, Hugh Laughlin | Director | 2005-11-17 | 2012-02-17 |
| LANE, John Andrew | Director | — | 2007-10-11 |
| MCCHEYNE, Carrie Ann | Director | 2003-04-28 | 2004-08-26 |
| MCDOUGALL, Allan | Director | 2003-02-04 | 2004-08-26 |
| MCGLASHAN, Iain Alan Stuart | Director | 2002-03-22 | 2004-11-05 |
| MCGLASHAN, Iain Alan Stuart | Director | 2002-03-20 | 2004-12-17 |
| MCLELLAND, Stewart | Director | 2012-05-01 | 2014-12-05 |
| MCPHAIL, Paul | Director | 2007-11-14 | 2009-11-16 |
| MEDONOVA, Renata | Director | 2010-11-18 | 2012-02-17 |
| NOBLE, Simon John | Director | — | 2002-02-09 |
| PATERSON, Martyn Peter | Director | 2012-05-01 | 2015-07-21 |
| PHILLIPS, Colin Raymond | Director | 2003-04-28 | 2005-11-17 |
| SEABORNE, Helen | Director | 2005-11-17 | 2014-07-08 |
| SHIRLAW, Robert Campbell | Director | 2012-02-17 | 2015-05-21 |
| SUTHERLAND, Stephen Alexander | Director | 2009-01-01 | 2014-02-28 |
| WEIR, David | Director | 1990-01-15 | 1995-10-20 |
| BAXI PARTNERSHIP DIRECTORS LIMITED | Corporate Director | 2006-09-28 | 2011-03-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Associated Seafoods Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-01 | Active |
Filing timeline
Last 20 of 259 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-30 | CH01 | officers | Change person director company with change date | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-07 | AA01 | accounts | Change account reference date company current extended | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2023-10-31 | AA | accounts | Accounts with accounts type group | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-03-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-11-04 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-04 | SH01 | capital | Capital allotment shares | |
| 2022-10-31 | AA | accounts | Accounts with accounts type group | |
| 2022-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-29 | CH01 | officers | Change person director company with change date | |
| 2022-01-25 | CH04 | officers | Change corporate secretary company with change date | |
| 2021-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-30 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.