MOWI CONSUMER PRODUCTS UK LIMITED

C/O BRODIES LLP CAPITAL SQUARE, 58 MORRISON STREET, EDINBURGH, EH3 8BP

Previous name: MARINE HARVEST VAP UK LIMITED (changed on 01-Apr-2019)
Previous name: MORPOL (UK) LIMITED (changed on 14-Feb-2014)

Company Number: SC349437
Incorporation date: 03-Oct-2008
Status: Active
Entity type: Private Limited Company

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





SUMMARY

This company is 15.5 years old and is currently active. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -12.1 million but has improved from GBP -18.8 million in the previous year. Retained earnings is negative (GBP -12.1 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 3 other companies, 2 (66.7%) 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: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 10,246,798 1,770,453 1,727,596 6,748,749
01-Dec-2017 GBP 144,810,245 8,992,393 2,000,761 1,098,168 5,893,464
31-Dec-2016 GBP
31-Dec-2015 GBP 44,798,396 -11,619,253 1,219,206 -10,334,961
31-Dec-2014 GBP 37,047,794 -3,633,263 274 770,315 898,000 -3,511,833
31-Dec-2013 GBP 18,254,186 -2,654,282 166 16,748 50,981 -2,619,883
31-Dec-2012 GBP 7,147,905 204,035 86 48,503 155,618
31-Dec-2011 GBP 5,807,111 44,905 13 1


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 742,730 37,064,194 74,111,588 1 -12,088,593 -12,088,592
01-Dec-2017 GBP 213,689 32,157,841 76,461,036 1 -18,837,342 -18,837,341
31-Dec-2016 GBP 16 33,212,402 17 19 -24,730,806 -24,730,805
31-Dec-2015 GBP 352,287 27,282,835 68,752,847 1 -16,079,802 -16,079,801
31-Dec-2014 GBP 715,875 11,062,041 25,312,713 1 -5,744,841 -5,744,840
31-Dec-2013 GBP 250,006 14 15
31-Dec-2012 GBP 250,006 1,578,159 1 386,875 386,876
31-Dec-2011 GBP 136,841 902,729 1 231,257 231,258

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
01-Dec-2017 GBP -1,800.00% -18 19 1 -106,843
31-Dec-2016 GBP 94.74% 18 1 19 -176,142
31-Dec-2014 GBP -1,300.00% -13 14 1 -482,933
31-Dec-2013 GBP 92.86% 13 1 14 -249,999
* 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)
Active BRODIES SECRETARIAL SERVICES LIMITED 20 Jan 2014 28 Mar 2024 459 - 682
Resigned LC SECRETARIES LIMITED 01 May 2013 20 Jan 2014 282 - 438

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Joanne Katrina WHITTEM 01 Jul 2021 Finance Director British 3 - 02 (66.7%)
Active Bertil BUYSSE 24 Jun 2016 Managing Director Belgian 3 - 02 (66.7%)
Active Olav SOLEIDE 24 Mar 2016 Global Sales Controller Norwegian 3 - 13 (75.0%)
Resigned James Richard Edward Charles MARK 24 Mar 2016 01 Aug 2021 Finance Director British 0 - 43 (75.0%)
Resigned Sabina Elisabeth Clementina Odilia GOERTZ 07 Jan 2016 10 Mar 2016 Finance & It Director Dutch 0 - 32 (66.7%)
Resigned Andrew William STAPLEY 28 Nov 2014 31 May 2016 Managing Director (Food Processing Factory) British 0 - 53 (60.0%)
Resigned Marc Constant Cornelia CLAESSENS 20 Jan 2014 07 Jan 2016 Finance & It Director Belgian 0 - 32 (66.7%)
Resigned Maiko VAN DE MEER 20 Jan 2014 21 Jan 2016 Ceo Dutch 0 - 21 (50.0%)
Resigned Douglas AITCHISON 02 Dec 2013 02 Oct 2014 Chartered Accountant British 3 - 198 (36.4%)
Resigned John-Paul MCGINLEY 01 May 2013 02 Dec 2013 Chief Operating Officer British 1 - 55 (83.3%)
Resigned Geoffrey Beaton CORMACK 03 Oct 2008 20 Jan 2014 Company Director British 1 - 20 (0.0%)
Resigned Raymond Stewart HOGG 03 Oct 2008 03 Oct 2008 Company Formations Agent Scottish 1 - 385224 (58.0%)
Number of active directors: 3
Average tenure of active directors: 6.2 years
Average tenure of resigned directors: 2.0 years
Average active director Dissolution Rate: 69.4%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
BROOKSIDE PRODUCTS LIMITED (02355643) - Dissolved
MOWI CONSUMER PRODUCTS UK LIMITED (SC349437) - Active
MERIDIAN SALMON GROUP LIMITED (SC390172) - Active - Proposal to Strike off
MERIDIAN SALMON PROCESSING LIMITED (SC401087) - Active - Proposal to Strike off

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2017-10-032015-10-032014-10-032013-10-032012-10-03
DEN NORSKE NOMINEES LIMITEDORDINARY1
100%
0
0%
0
0%
0
0%
0
0%
MARINE HARVEST (SCOTLAND) LIMITEDORDINARY0
0%
1
100%
0
0%
0
0%
0
0%
MORPOL ASAORDINARY0
0%
0
0%
1
100%
1
100%
0
0%
MORPOL SAOTHER0
0%
0
0%
0
0%
0
0%
1
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

MOWI CONSUMER PRODUCTS UK LIMITED

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-01-01 2023-06-30 33 9% 26% 74607
2022-07-01 2022-12-31 34 8% 29% 66307
2022-01-01 2022-06-30 29 4% 34% 59219
2021-07-01 2021-12-31 25 4% 35% 55207
2021-01-01 2021-06-30 16 5% 39% 47348
2020-07-01 2020-12-31 24 6% 35% 39810
2020-01-01 2020-06-30 40 9% 47% 33976
2019-07-01 2019-12-31 % % 28631
2019-07-01 2019-12-31 47 15% 52% 28637
2019-06-01 2019-06-30 % % 23891
2019-01-01 2019-06-30 44 14% 56% 23897
2018-07-01 2018-12-31 24 6% 23% 11853
2018-01-01 2018-06-30 46 10% 75% 5205


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 Active. Statistically, Active companies have a low 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
MOWI CONSUMER PRODUCTS UK LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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