DAWNFRESH SEAFOODS LIMITED

C/O FRP ADVISORY TRADING LTD APEX 3, 95 HAYMARKET TERRACE, EDINBURGH, EH12 5HD, EH12 5HD

Company Number: SC053773
Incorporation date: 08-Aug-1973
Status: In Administration
Entity type: Private Limited Company

SIC codes:
10200 Processing and preserving of fish, crustaceans and molluscs





SUMMARY

This company is 50.7 years old and is currently in administration. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 35.1 million which has decreased from the previous year's figure of GBP 39.3 million. The latest reported revenue figure is GBP 72.4 million which is similar to the previous year's figure of GBP 73 million. Retained earnings is negative (GBP -72.8 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 3 active officers (directors or partners) who are or were officers of 46 other companies, 18 (39.1%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Mar-2022
Accounts Filed: GROUP (29-Mar-2020)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
29-Mar-2020 GBP 72,369,419 -5,012,656 -747,224 -4,232,877
31-Mar-2019 GBP 73,033,888 -8,454,119 -459,478 -6,210,081
25-Mar-2018 GBP 64,010,044 -7,192,882 -187,198 -7,380,080


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
29-Mar-2020 GBP 984,761 17,058,302 8,307,705 -14,054,320 107,750,000 83,200 -72,760,669 35,072,531
31-Mar-2019 GBP 1,661,239 16,090,799 6,445,672 -9,478,891 107,750,000 83,200 -68,527,792 39,305,408
25-Mar-2018 GBP 538,328 12,640,389 -6,485,833 -489,000 100,750,000 83,200 -62,317,711 38,515,489

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2019 GBP 6.50% 7,000,000 100,750,000 107,750,000 98,166,271
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Helen Fraser Dunn MUIR 25 Jul 2013 01 Mar 2022 0 - 1
Resigned John Alexander HENDERSON 01 Mar 2010 24 Jul 2013 0 - 1
Resigned Joseph Graham MCMANUS 01 Oct 1992 01 Mar 2010 0 - 22
Resigned Roy SCHOFIELD 01 Feb 1990 30 Sep 1992 0 - 7
Resigned Derek Richard FRIPP 31 Jan 1990 0 - 6

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned William Louis DUNCANSON 20 Aug 2019 09 Mar 2020 Managing Director British 0 - 53 (60.0%)
Resigned Stephen LAMB 16 Jul 2019 14 Jan 2022 Director British 0 - 11 (100.0%)
Resigned Garry PRICE 16 Jul 2019 01 Mar 2022 Director British 1 - 12 (100.0%)
Active Raleigh Douglas SALVESEN 18 Dec 2018 Commercial Director British 3 - 13 (75.0%)
Resigned Rachel Claire MCEVOY 18 Sep 2018 30 Apr 2020 Director British 1 - 11 (50.0%)
Active John Christopher YOUNG 20 Nov 2017 Finance Director British 8 - 13 (33.3%)
Resigned Philip CASSIDY 22 Oct 2013 17 Nov 2017 Company Director British 0 - 11 (100.0%)
Resigned Andrew Thomas COOKSEY 16 May 2013 20 Feb 2019 Managing Director British 0 - 1813 (72.2%)
Resigned Rhona QUIN-MCLEOD 15 Apr 2010 30 Apr 2011 Director British 0 - 22 (100.0%)
Resigned John Alexander HENDERSON 28 Jan 2010 30 Jan 2015 None British 0 - 2610 (38.5%)
Active Alastair Eric Hotson SALVESEN 17 Jun 2009 Company Director British 17 - 3325 (50.0%)
Resigned Peter Richard THOMPSON 01 Apr 2008 31 Dec 2010 Production Director British 1 - 11 (50.0%)
Resigned Stephen Thomas FLACK 25 Jan 2008 30 Mar 2010 Director British 0 - 119 (81.8%)
Resigned Vivienne Ruth Mary PERKINS 04 Jun 2003 24 Dec 2003 Sales Director British 0 - 21 (50.0%)
Resigned Joseph Graham MCMANUS 04 Jun 2003 07 Feb 2011 Finance Director British 0 - 2221 (95.5%)
Resigned Douglas LOW 03 Jan 1996 28 Feb 2003 Director British 1 - 21 (33.3%)
Resigned James Kean MCNEILLAGE 07 Jun 1995 04 Jun 2003 Businee Adviser British 0 - 1912 (63.2%)
Resigned Stuart RICHARDSON 10 Sep 1991 31 May 1993 Company Director British 0 - 11 (100.0%)
Resigned William BERRY 12 Sep 1990 04 Jun 2003 Writer To The Signet British 0 - 406 (15.0%)
Resigned Michael MAIR 03 May 1990 06 Aug 1996 Director British 0 - 63 (50.0%)
Resigned Frances Monica HUGGETT 15 Sep 1989 21 Apr 1992 Company Director British 0 - 107 (70.0%)
Resigned William BERRY 04 Jun 2003 Writer To The Signet British 0 - 406 (15.0%)
Resigned Derek Richard FRIPP 15 Sep 1989 Company Director British 0 - 66 (100.0%)
Active Alastair Eric Hotson SALVESEN Company Director British 17 - 3325 (50.0%)
Resigned Adrian Stanley BANGER 31 May 1990 Production Director British 2 - 85 (50.0%)
Number of active directors: 4
Average tenure of active directors: 6.6 years
Average tenure of resigned directors: 3.6 years
Average active director Dissolution Rate: 52.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
DAWNFRESH PROJECTS LIMITED (01474987) - Active - Proposal to Strike off
SILVER TROUT LIMITED (01634708) - Active - Proposal to Strike off
RICHMOND SHELF COMPANY LIMITED (01647723) - Active
WINDSOR CREAMERIES MANUFACTURING LIMITED (01648827) - Active
RICHMOND OPERATIONS LIMITED (01665242) - Active
W. DONNAN (SEAFOODS) LIMITED (01703258) - Dissolved
DEBEN VALLEY FOODS LIMITED (02199545) - Dissolved
RICHMOND FOODS LIMITED (02573163) - Active
PEMBREY PROPERTIES LIMITED (02956192) - Active
HELIUS ENERGY LIMITED (05745512) - Dissolved
BRITISH FROZEN FOOD FEDERATION (07687541) - Active
PRAHA INVESTMENT HOLDINGS LIMITED (FC014508) - Active
LUING CATTLE SOCIETY LIMITED (THE) (SC042993) - Active
DAWNFRESH SEAFOODS LIMITED (SC053773) - In Administration
MULL OF KINTYRE SEAFOODS LIMITED (SC080112) - Active - Proposal to Strike off
STARFISH SEAFOODS LIMITED (SC081843) - Active - Proposal to Strike off
DANIEL'S SWEET HERRING LIMITED (SC087520) - Active - Proposal to Strike off
FETTES ACTIVE LIMITED (SC090317) - Active
RRSS REALISATIONS LIMITED (SC118747) - In Administration
THE COMPASS SCHOOL (SC139349) - Active
WEST TOWN EDINBURGH LTD (SC157185) - Active
FET-LOR YOUTH CLUB (SC179111) - Active
FETTES ENTERPRISES LIMITED (SC187460) - Active
THE FETTES FOUNDATION (SC189253) - Active
ARCHANGEL INVESTORS LIMITED (SC209206) - Active
DOVECOT STUDIOS LIMITED (SC214852) - Active
THE EDINBURGH TAPESTRY COMPANY LIMITED (SC214853) - Active
ADVENTI LIMITED (SC230646) - Dissolved
DAWNFRESH HOLDINGS LIMITED (SC240267) - Liquidation
STX REALISATIONS LIMITED (SC259649) - Dissolved
GLYCOMAR LIMITED (SC279835) - Active
DOVECOT PROPERTIES LIMITED (SC295845) - Active
FETTES CENTRE FOR LANGUAGE & CULTURE LIMITED (SC311652) - Active
SCOT TROUT (PROPERTIES) LIMITED (SC335746) - Dissolved
STFX REALISATIONS LIMITED (SC335923) - Dissolved
SCOT TROUT FARMING LIMITED (SC343444) - Active - Proposal to Strike off
SCOT TROUT LIMITED (SC343449) - Active - Proposal to Strike off
DAWNFRESH FARMING LIMITED (SC344049) - Active
EDINBURGH NEW TOWN COOKERY SCHOOL LIMITED (SC357733) - Active
ARCHANGEL PUBLISHING LIMITED (SC429705) - Dissolved
LORICAL LIMITED (SC433112) - Active
LORICAL CONSULTING LIMITED (SC452701) - Active
EDLOOLLUGA LIMITED (SC487982) - Active
SUPER SADIE LIMITED (SC551268) - Active
BIG COLLIE LTD (SC603497) - Active
CRIMSON LAND EQUITIES LIMITED (SF000628) - Active
ARCHANGELS INVESTMENTS LLP (SO305086) - Dissolved

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-12-312018-12-312017-12-312016-12-312015-12-31
DAWNEFRESH HOLDINGS LTDPREFERENCE48,550,000
45.1%
48,550,000
48.2%
48,550,000
49.5%
0
0%
0
0%
DAWNEFRESH HOLDINGS LTDORDINARY31,200,000
29.0%
24,200,000
24.0%
21,450,000
21.9%
0
0%
0
0%
DAWNFRESH HOLDINGS LTDORDINARY B28,000,000
26.0%
28,000,000
27.8%
28,000,000
28.6%
28,000,000
31.6%
28,000,000
32%
DAWNFRESH HOLDINGS LTDPREFERENCE0
0%
0
0%
0
0%
48,550,000
54.9%
47,550,000
54.3%
DAWNFRESH HOLDINGS LTDORDINARY0
0%
0
0%
0
0%
11,950,000
13.5%
11,950,000
13.7%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

DAWNFRESH SEAFOODS LIMITED

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 10200 Processing and preserving of fish, crustaceans and molluscs)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
YOUNG'S SEAFOOD LIMITED YOUNG'S HOUSE, WICKHAM ROAD, GRIMSBY, ENGLAND, DN31 3SW 03751665 2017-09-30 523,338,000 -39,338,000
INTERNATIONAL SEAFOODS LIMITED HILMORE HOUSE, GAIN LANE, BRADFORD, WEST YORKSHIRE, BD3 7DL 07838062 2018-02-04 157,476,000 3,985,000
NEW ENGLAND SEAFOOD INTERNATIONAL LIMITED 48 COX LANE, CHESSINGTON, SURREY, KT9 1TW 02565953 2017-10-31 151,467,000 907,000
MARINE HARVEST VAP UK LIMITED C/O BRODIES LLP CAPITAL SQUARE, 58 MORRISON STREET, EDINBURGH, UNITED KINGDOM, EH3 8BP SC349437 2017-12-31 144,810,245 5,893,464
FARNE SALMON & TROUT LIMITED STATION ROAD, DUNS, BERWICKSHIRE, TD11 3HS SC076613 2018-06-30 114,449,000 1,123,000
LYONS SEAFOODS LIMITED FAIRFIELD HOUSE, FAIRFIELD ROAD, WARMINSTER, WILTSHIRE, BA12 9DA 02987743 2018-06-30 114,183,000 9,878,000
THISTLE SEAFOODS LIMITED THISTLE SEAFOODS LIMITED HARBOUR STREET, BODDAM, PETERHEAD, SCOTLAND, AB42 3AU SC223362 2017-12-31 89,545,000 0 46380-Wholesale of other food, including fish, crustaceans and molluscs
MACDUFF SHELLFISH (SCOTLAND) LIMITED PINSENT MASONS LLP, 13 QUEENS ROAD, ABERDEEN, SCOTLAND, AB15 4YL SC106514 2017-12-31 77,965,088 5,591,741
FIVE STAR FISH LIMITED TRINITY PARK HOUSE TRINITY BUSINESS PARK, FOX WAY, WAKEFIELD, WEST YORKSHIRE, WF2 8EE 07208651 2017-07-29 57,521,000 -17,272,000
COOMBE FISHERIES LIMITED RIVERSIDE ROAD, POTTINGTON BUSINESS PARK, BARNSTAPLE, DEVON, EX31 1QN 01506577 2017-12-31 24,159,156 0
COQUET ISLAND SHELLFISH LIMITED COQUET ISLAND SHELLFISH COQUET ENTERPRISE PARK, AMBLE, MORPETH, ENGLAND, NE65 0PE 04874060 2018-04-30 13,128,349 0
S. RIDDLER LIMITED UNIT 2A/2B VICTORIA BUSINESS PARK, ROCHE, ST. AUSTELL, ENGLAND, PL26 8LX 02060546 2017-11-30 8,838,428 0 46380-Wholesale of other food, including fish, crustaceans and molluscs
MACDUFF SHELLFISH GROUP LIMITED PINSENT MASONS LLP, 13 QUEENS ROAD, ABERDEEN, SCOTLAND, AB15 4YL SC395537 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is In Administration. Statistically, such companies have a VERY HIGH probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
Company status 99.8% 99.8% 99.4% High
Other companies Active in the same sector Too few competitors
Age 0.4% 1.4% 2.7% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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