TRUE WORLD FOODS (UK) LTD

1. TRUE WORLD FOODS (UK) LTD 2016-03-12 → present
2. SUN OCEAN LIMITED 1994-11-04 → 2016-03-12

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

Kaiser Nouman Nathan LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' 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 financial statements are authorised for issue.”

Group structure

1. TRUE WORLD FOODS (UK) LTD · parent
   1. True World Japan Inc · Purchase of fresh food and wholesale fish
   2. True World Foods Spain S.L. · Sale of wholesale fish
   3. True World Korea Co., Ltd · Purchase of frozen fish
   4. True World Foods Germany · Purchase of frozen fish

Significant events

• “The business delivered solid performance in the 2024-2025 financial year, achieving year-on-year turnover growth of nearly 7%.”
• “This strong result was driven primarily by our strategic focus on geographic expansion into additional UK cities and diversification”
• “Following the prior year's loss of a major account, we successfully repositioned our sales strategy by onboarding a broader mix of strengthened resilience but also improved overall margin levels due to generally higher yields in this segment.”
• “We continued to innovate in product development, expanding our proprietary offerings to include premium items such as fresh bla from trusted suppliers in South Korea and other regions. This product innovation has contributed to increased customer acquisitio”
• “Despite elevated overheads due to inflationary and energy-related pressures, our profitability remained robust. Gross profit margir company also maintained a healthy cash position, enabling us to confidently navigate economic volatility and invest in long-term ir”
• “Our physical expansion efforts continued, with increased coverage of key metropolitan areas across the UK. Investments includec reliance on third-party testing, as well as the installation of solar panels to reduce energy costs and enhance environmental sustai”
• “Post-Brexit trade restrictions have significantly curtailed our ability to export to the EU, leading to the discontinuation of expo”
• “The continued weakness of Sterling has increased the cost of imported goods and services, affecting our input prices.”
• “Consumer preferences remain subject to rapid and unpredictable shifts, driven by changing social norms, environmental aw.”
• “Technological change, while offering opportunities, also presents risk. We have proactively responded by investing in e-com”
• “Legal and regulatory compliance is a constant focus, particularly as we expand into new markets and product categories.”
• “Cybersecurity and fraud remain growing threats. We have implemented robust systems to monitor and mitigate these risks a”
• “To mitigate currency risks, we employ foreign exchange hedging, particularly with key currencies such as USD, EUR and JF”
• “We are active participants in industry standards and sustainability certifications including SALSA, MSC and ASC, helping us”
• “Regular system updates, internal controls, and awareness campaigns are in place to safeguard against digital threats and sı”
• “The achievement of SALSA, MSC and ASC certifications has enabled us to access new market opportunities, including bids for se large-scale catering operations.”
• “Additionally, the upgrade from Sage 50 to Sage 200 represents a significant step in enhancing system efficiency, automation, and”
• “Ongoing macroeconomic challenges - including high energy prices, inflation, exchange rate volatility, and the residual effects of B decisions. These matters have been discussed in greater detail in the Directors' Report.”

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

Filings

6

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

  +7%

  £34,599,343 → £37,008,473

• Cash

  -52.7%

  £3,910,832 → £1,849,109

• Net assets

  +5.2%

  £17,021,855 → £17,904,844

• Employees

  +12.2%

  82 → 92

• Operating profit

  -37.6%

  £2,068,417 → £1,290,807

• Profit before tax

  -26.5%

  £2,082,949 → £1,531,218

• Wages

  +19.5%

  £2,885,847 → £3,448,823

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