NORTRADE FOODS LIMITED

1. NORTRADE FOODS LIMITED 1983-06-21 → present
2. ALBANFIELD LIMITED 1983-05-27 → 1983-06-21

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

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

Brebners

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. NORTRADE FOODS LIMITED · parent
   1. NTF Europe SL 100% · Spain · distribution of frozen fish products

Significant events

• “2024 has been a difficult year for the company. The business has seen a significant reduction in turnover as a result of the competitive market however the directors note that following the completion of work on the cold storage and rebranding in the year, focus can be given to growing turnover going forwards.”
• “foreign exchange rates moving unfavourably led to a loss overall in the year of £37k, compared to last year where a gain of £18k was made.”
• “The directors intend to continue to make investments in the business to ensure the company maintains its reputation in the wholesale seafood industry and will continue to be investigating ways to increase turnover through opportunities as they arise.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -5.6%

  £38,258,323 → £36,123,249

  lowest in 3 filed years

• Cash

  -32.1%

  £1,060,892 → £720,852

  lowest in 3 filed years

• Net assets

  -6.2%

  £6,494,750 → £6,095,273

  lowest in 3 filed years

• Employees

  -3.8%

  26 → 25

• Operating profit

  -199.2%

  £293,111 → -£290,775

  lowest in 3 filed years

• Profit before tax

  -1,197.2%

  £48,354 → -£530,517

  lowest in 4 filed years

• Wages

  -0.3%

  £1,072,176 → £1,069,418

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers