SEAGOLD LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-15 (this month)
Last made up 2025-05-01
Watchouts
None on the register
Cash
£4M
-2% vs 2023
Net assets
£16M
+14.3% vs 2023
Employees
89
+1.1% vs 2023
Profit before tax
£3M
+1,080.1% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | £148,100,000 | £129,024,000 | £99,376,000 | |
| Operating profit | — | £369,000 | £2,513,000 | |
| Profit before tax | £2,540,000 | £221,000 | £2,608,000 | |
| Net profit | — | -£39,000 | £2,000,000 | |
| Cash | — | £4,490,000 | £4,398,000 | |
| Total assets less current liabilities | — | £13,952,000 | £16,173,000 | |
| Net assets | — | £13,948,000 | £15,940,000 | |
| Equity | — | £13,948,000 | £15,940,000 | |
| Average employees | — | 88 | 89 | |
| Wages | — | £2,991,000 | £3,107,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | 0.3% | 2.5% | |
| Net margin | — | -0.0% | 2.0% | |
| Return on capital employed | — | 2.6% | 15.5% | |
| Current ratio | — | 1.78x | 1.62x | |
| Interest cover | — | 13.18x | 502.60x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- ROM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are confident that the Group's relations with its customers and suppliers, and its current trading, leave the Group well placed to manage its business risks successfully. The Group meets its day-to-day working capital requirements through liquid cash reserves and the use of an overdraft facility that is due for renewal on an annual basis. Whilst preparing the Group's forecasts and projections, the Directors have assessed the impact of the current and anticipated economic conditions on the Group's trading and whilst this presents challenges, these have been negated by further opportunities arising out of this and therefore the Directors believe that the Group is well placed both operationally and financially. The Group's forecasts and projections are backed by solid trading and show that the Group should be able to operate within the level of its current facilities for the foreseeable future.”
Group structure
- SEAGOLD LIMITED · parent
- Ice Fresh Seafood Limited 100%
- Collins Seafoods North East Limited 100%
- Collins Seafoods Yorkshire Limited 100%
- Collins Seafoods Ireland Limited 100%
Significant events
- “On 30 September 2023, the Group disposed of its interests in overseas subsidiary companies to a connected party as part of a wider Group strategic review. Revenues and results from these operations are shown as 'Discontinued operations' in the 2023 comparative financial information.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BALDVINSSON, Gustaf | Secretary | 1996-05-01 | — | Icelandic |
| BALDVINSSON, Gustaf | Director | 1996-05-01 | Aug 1957 | Icelandic |
| GUSTAFSSON, Orri | Director | 2025-07-01 | Mar 1990 | British,Icelandic |
| THORSTEINSSON, Baldvin | Director | 2022-12-01 | Nov 1983 | Icelandic |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SAME-DAY COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 1996-05-01 | 1996-05-01 |
| BALDVINSSON, Finnbogi | Director | 1996-10-20 | 2006-09-25 |
| BALDVINSSON, Porsteinn Mar | Director | 1996-10-20 | 2019-11-20 |
| GUNNLAUGSDOTTIR, Anna | Director | 1996-05-01 | 1996-10-20 |
| OLSEN, Anfinnur | Director | 1996-10-20 | 2006-09-25 |
| PALSSON, Petur Hafsteinn | Director | 2006-09-25 | 2009-05-27 |
| VILHELMSSON, Kristjan | Director | 1996-10-20 | 2006-09-25 |
| VILHELMSSON, Porsteinn | Director | 1996-10-20 | 1999-09-21 |
| WILDMAN & BATTELL LIMITED | Corporate Nominee Director | 1996-05-01 | 1996-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Baldvin Thorsteinsson | Individual | Shares 25–50%, Voting 25–50% | 2022-12-29 | Active |
| Samherji Hf | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2021-03-09 |
Filing timeline
Last 20 of 101 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-05 | AA | accounts | Accounts with accounts type group | |
| 2025-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-26 | AA | accounts | Accounts with accounts type group | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-22 | AA | accounts | Accounts with accounts type group | |
| 2023-05-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-01-11 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-12 | AA | accounts | Accounts with accounts type group | |
| 2021-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-03-09 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2021-03-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-11-09 | AA | accounts | Accounts with accounts type group | |
| 2020-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-25 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-23%
£129,024,000 £99,376,000
lowest in 3 filed years
-
Cash
-2%
£4,490,000 £4,398,000
-
Net assets
+14.3%
£13,948,000 £15,940,000
-
Employees
+1.1%
88 89
-
Operating profit
+581%
£369,000 £2,513,000
-
Profit before tax
+1,080.1%
£221,000 £2,608,000
highest in 3 filed years
-
Wages
+3.9%
£2,991,000 £3,107,000
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