LOSSIE SEAFOODS LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-06 (in 2mo)
Last made up 2025-06-22
Watchouts
None on the register
Cash
£203K
lowest in 4 filed years
Net assets
£4M
Equity attributable
Employees
408
highest in 4 filed years
Profit before tax
-£2M
lowest in 4 filed years
Net assets
7-year trend · vs Consumer Staples median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £34,724,014 | — | £92,464,986 | £126,337,922 | |
| Operating profit | — | — | — | £1,320,016 | — | £845,461 | -£1,086,229 | |
| Profit before tax | — | — | — | £1,021,892 | £435,316 | £72,362 | -£2,200,756 | |
| Net profit | — | — | — | £730,709 | £296,680 | £64,608 | -£1,442,747 | |
| Cash | — | — | — | £267,456 | £323,866 | £348,479 | £203,193 | |
| Total assets less current liabilities | — | — | — | £8,118,746 | £11,153,214 | £10,339,728 | £7,977,768 | |
| Net assets | — | — | — | £3,859,244 | £5,333,924 | £5,398,532 | £3,955,785 | |
| Equity | £1,928,657 | £2,317,355 | £3,128,535 | £3,859,244 | £5,333,924 | £5,398,532 | £3,955,785 | |
| Average employees | — | — | — | 161 | 332 | 402 | 408 | |
| Wages | — | — | — | £4,779,170 | £8,971,697 | £11,987,307 | £15,805,259 | |
| Directors' remuneration | — | — | — | £154,764 | £157,702 | £180,243 | £217,453 |
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 | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 3.8% | — | 0.9% | -0.9% | |
| Net margin | — | — | — | 2.1% | — | 0.1% | -1.1% | |
| Return on capital employed | — | — | — | 16.3% | — | 8.2% | -13.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 84.1% | 88.0% | |
| Current ratio | — | — | — | — | — | 0.75x | 0.64x | |
| Interest cover | — | — | — | 4.43x | — | 1.09x | -0.97x |
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
- LOSSIE SEAFOODS LTD. 1993-09-28 → present
- DEANRUN LIMITED 1993-06-17 → 1993-09-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the existing funding facilities and support from our investors will provide sufficient headroom to meet the forecast cash requirements. The directors therefore consider that it is appropriate to prepare the financial statements on the going concern basis.”
Group structure
- LOSSIE SEAFOODS LTD. · parent
- R.R. Spink and Sons Limited 100%
Significant events
- “The 14 months period to December 2024 has been a challenging one with inflationary costs being prevalent in all parts of the market as reported in the last year's report. Whilst the company sought to pass costs on where appropriate to its customers, this still resulted in a squeeze on margins and ultimately the operating loss reported in the period.”
- “However, the management team are being successful in the turnaround of all parts of the business and have put in efficiencies and recovered labour costs in FY25 that is helping to drive profitability.”
- “The company continues to look for and invest in machinery to bring efficiencies to help manage the increased labour costs from the inflation busting minimum wage increase and with the increase in Employers NIC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WEST, William Victor | Secretary | 2018-03-23 | — | — |
| CHRISTOFI, Alekos | Director | 2022-12-22 | Jun 1974 | Australian |
| WEST, William Victor | Director | 2011-07-14 | Jan 1973 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELL, Simon Leonard Lawrance | Secretary | 1993-07-27 | 2000-09-27 |
| COWE, John | Secretary | 2004-12-01 | 2011-07-14 |
| PALMER, Ronald Mackay | Secretary | 2000-11-21 | 2004-11-30 |
| REID, Brian | Nominee Secretary | 1993-06-17 | 1993-06-17 |
| BELL, Simon Leonard Lawrance | Director | 1993-07-27 | 2000-09-27 |
| BROWN, Hugh Spence | Director | 2001-08-22 | 2005-01-28 |
| COWE, John | Director | 1994-06-11 | 2011-07-14 |
| DEVIN, Charles Robert | Director | 1995-05-15 | 2011-07-14 |
| HAZELDEAN, William James | Director | 2011-07-14 | 2022-12-22 |
| HUTCHINS, Derek Richard | Director | 2006-04-08 | 2011-07-14 |
| MABBOTT, Stephen | Nominee Director | 1993-06-17 | 1993-06-17 |
| NOLAN, George Vincent | Director | 2006-04-08 | 2011-07-14 |
| PALMER, Ronald Mackay | Director | 1993-07-27 | 2006-04-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Associated Seafoods Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 182 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-06-23 MA Memorandum articles
- 2022-05-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-03 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-30 | CH01 | officers | Change person director company with change date | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-07 | AA01 | accounts | Change account reference date company current extended | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-25 | AA | accounts | Accounts with accounts type full | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-23 | MA | incorporation | Memorandum articles | |
| 2022-06-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-19 | RESOLUTIONS | resolution | Resolution | |
| 2022-05-11 | SH01 | capital | Capital allotment shares | |
| 2022-04-11 | AA | accounts | Accounts with accounts type full | |
| 2022-01-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-07-21 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2021-07-16 | 466(Scot) | mortgage | Mortgage alter floating charge with number |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.