SCOTTISH FISHERMEN'S ORGANISATION LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors monitor the prevailing economic environment in which the business operates, including the impact of inflation, increased energy costs, and changes in the labour market, and take appropriate action to minimise or mitigate any effect on the future outlook, cash balances, operating results, cash flows and investment plans, ensuring that the Group maintains a strong balance sheet. On this basis, the Directors expect that the Parent Company and Group will be able to continue to meet their on-going commitments for a period of at least 12 months from the approval of these financial statements.”

Group structure

1. SCOTTISH FISHERMEN'S ORGANISATION LIMITED · parent
   1. Braehead (SFO Enterprises) Limited 100% · Scotland · fish trading

Significant events

• “Brexit - The outcome of negotiations with other Coastal States regarding quotas and access creates uncertainty on an annual basis.”
• “International factors - Neither the Russian invasion of Ukraine, nor the military action by Israel in Gaza, has had any significant impact on trading to date.”
• “Supply of raw materials - Lack of raw material for processing can be due to poor stock numbers on the fishing grounds or reductions in quota availability.”
• “EU economic downturn - The Group maintains dialogue with customers in Europe regarding the market situation and can react accordingly.”
• “Competitor pressure - The market in which the Group operates is subject to pressure from competitors.”
• “Loss of key personnel - By way of mitigation, management seek to ensure that key personnel are appropriately remunerated to ensure that good performance is recognised and rewarded.”
• “Inflation - Inflation causes some uncertainties on increased operating costs, and although this has been helped by the inflation rate falling in recent months, the Group continues to work on mitigating these risks.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -5.8%

  £16,823,550 → £15,839,429

• Cash

  +22.2%

  £5,942,682 → £7,262,976

• Net assets

  +5.6%

  £41,280,451 → £43,571,932

• Employees

  -3.8%

  78 → 75

• Operating profit

  +7.4%

  £1,929,187 → £2,071,961

• Profit before tax

  +7.4%

  £1,929,187 → £2,071,961

• Wages

  -3.6%

  £2,188,336 → £2,110,448

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