ORGANIC SEA HARVEST LIMITED

• ⚠

  Material uncertainty over going concern

  The directors do not believe that it is appropriate to prepare these financial statements on a going concern basis. We draw attention to note 1.2 of the financial statements, which explains that the directors have taken the decision to cease trading in 2025 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

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

  -14.9%

  £16,586,506 → £14,114,691

• Cash

  +11.3%

  £84,246 → £93,743

• Net assets

  -124%

  £10,767,670 → -£2,586,183

  lowest in 5 filed years

• Employees

  +11.8%

  17 → 19

  highest in 5 filed years

• Operating profit

  -2,499.7%

  -£581,573 → -£15,119,353

• Profit before tax

  -1,881%

  -£775,057 → -£15,353,849

• Wages

  +20.2%

  £858,528 → £1,031,544

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors do not believe that it is appropriate to prepare these financial statements on a going concern basis. We draw attention to note 1.2 of the financial statements, which explains that the directors have taken the decision to cease trading in 2025 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The board of OSH making the difficult decision to fallow the two existing farming sites until refinancing of the business can be agreed.”
• “Organic Sea Harvest Ltd has successfully achieved consent to develop a third site granted in September 2024 and a fourth farming site granted in April 2025.”
• “In March 2025, the directors took the decision to cease trading... Since April 2025, all farming operations have been mothballed, and all staff have been made redundant.”
• “All biomass has been sold, and significant operating assets have been disposed of to third parties, realising cash which has been used to settle trade creditors.”
• “In 2024/2025 the company incurred additional losses on biomass amounting to £7,992,643 relating to fish put to sea in 2024 and scheduled for 2025.”
• “Following the asset sales in April 2025 we are pleased to report that cash generated was used to pay down a significant part of the trade creditors.”

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

1

last 12 months

Officers resigned

1

last 12 months

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