Ardglass Sea Products Limited

The directors present their report and audited financial statements of the company for the year ended 31 March 2025. Principal activities The principal activity of the company during the year was that of buying and selling of fish and hire of equipment. Review of business and future developments Performance The directors consider the results for the current year and position of the company at year end to be satisfactory. The directors are committed to long term creation of shareholder value by increasing the company's market share through organic growth. The directors have plans in place to ensure the company is strongly placed to retain its market position. The company's result for the year is an operating profit of £700,946 (2024: £901,900) and a profit on ordinary activities before taxation of £606,669 (2024: £795,830). At the year end net assets of the company were £3,772,238 (2024: £3,318,043). Principal risks and uncertainties The company's performance is sensitive to any changes in interest rates, inflation, foreign exchange, stability of suppliers, competition from other suppliers, employee retention and consumer spending habits. With these risks and uncertainties in mind, the directors are aware that any plans for future development of the business may be subject to unforeseen future events outside of their control. The directors, however, focus on managing and mitigating these risks as part of the overall business strategy via strong customer service, not being overly reliant on one supplier and investment in people and facilities. Key performance indicators The key performance indicators that have been monitored on an ongoing basis during the period were: - Sales growth compared to prior year - Gross profit margins The directors are satisfied with the results of the key performance indicators.