The Seafood Restaurant (Padstow) Limited
Registered name: THE SEAFOOD RESTAURANT (PADSTOW) LIMITED
The Seafood Restaurant (Padstow) Limited made £18.9m revenue and £687k profit in the year to 29 Dec 2024.
The Seafood Restaurant (Padstow) Limited’s revenue fell 7% to £18.9m in the year to 29 Dec 2024, with £687k profit and 355 employees. The company is classified under “activities of other holding companies” and is based in Padstow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Padstow, South West
- Age
- 16 yrs · since 2009
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 1 Jan 2023 | 31 Dec 2023 | 29 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £22.6m | £20.2m | £18.9m |
| Cost of sales | £9m | £7.1m | £6.3m |
| Gross profit | £13.6m | £13.1m | £12.6m |
| Operating profit | — | −£313k | −£526k |
| Profit before tax | — | −£204k | −£459k |
| Profit after tax | £716k | £687k | £687k |
| Profit (best available) | £716k | £687k | £687k |
| Staff costs | £8.4m | £8.4m | £8.6m |
| Employees (average) | 412 | 398 | 355 |
| Ratios | |||
| Profit margin | 3.2% | 3.4% | 3.6% |
| Gross margin | 60% | 65% | 66.6% |
| Revenue per employee | £54.8k | £50.8k | £53.2k |
| Profit per employee | £1.7k | £1.7k | £1.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼10.6% | ▼6.6% |
| Profit growth | — | ▼4% | 0% |
| Headcount growth | — | ▼3.4% | ▼10.8% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £5.3m | £530k | £971k |
| Net assets | £6.3m | £7m | £7.6m |
| Fixed assets | £9.9m | £9.9m | £9.9m |
| Current assets | £6.9m | £4.8m | £5.2m |
| Debtors | £89k | £230k | £94k |
| Cash from operations | — | −£4.5m | £546k |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 3.6%
- Profit ÷ revenue.
- Gross margin
- 66.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £53.2k
- Revenue ÷ average employees.
- Profit per employee
- £1.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 52.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.5%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲10%
- Now £7.6m
- Cash at bank
- ▲83%
- Now £971k
- Headcount
- ▼11%
- Now 355
- Deferred income
- —
- Now —
- Fixed assets
- 0%
- Now £9.9m
Group structure
Subsidiaries (1)
- Seafood Property (Padstow) LLPFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 29 Dec 2024 (profit £687k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.