First British Seafood business is sold – Fishupdate.com

First British Seafood business is sold Published:  06 April, 2010

THE first of  several companies within  the failed British Seafoods Group has been brought out of administration and sold.

Jason Thompson and Guy Hall, the senior management of the subsidiaries Vision Seafoods Ltd and Oriental Delight Foodservice Ltd, have announced a management buy-out of the companies from one of British Seafood’s administrators MCR, says the British Frozen Food Federation. The companies will now trade under their new names, Visual Foods Limited and Dragon Delight Foodservice Ltd. The deal ensures security of supply for existing customers and continuity of contracts with international suppliers. Based at Redditch in the Midlands, Vision Seafood is one of Europe’s leading importers and wholesalers of speciality seafood and poultry. The company has a diverse fish procurement network and global expertise.  It employs around 25 people. British Seafood collapsed in later February and today’s news gives added hope that larger operations within the group like Five Star Fish will also find a new owner shortly. Jason Thompson and Guy Hall said their  commitment was to continue to lead a successful and profitable business as the one of the UK’s leading importers and wholesalers of speciality seafood, meat and poultry. Visual also announce a strategic alliance with Homestead Foods Limited, a successful and independent company of over twenty-five years standing. The businesses will work together developing new products across their complementary markets. Jason Thompson said: “It’s great to be in control of our company, the customers and suppliers know what we bring to the table – now we are doing it for ourselves.” Guy Hall commented “It’s business as usual, we are looking forward to a successful future.”