Upbeat forecast from national seafood supplier – Fishupdate.com

Upbeat forecast from national seafood supplier Published:  01 February, 2010

A CONFIDENT and upbeat forecast for the future has been reported by Seafood Holdings one of Britain’s leading fish suppliers.

The new comes as one of its West Country operations, Kingfisher Brixham Ltd, has re-employed around ten members of staff laid off as the recession hit 18 months ago.

Seafood Holdings has a network of ten fish suppliers throughout the UK from Edinburgh to Southern England. The chairman and founder Toby Baxendale told Fishupdate that the company finished the old financial year in 2009 with an EBITDA (earnings before tax, interest, depreciation and amortization) at £6-million – around £1-million higher than the previous year.

He said: “We have continued to grow during the recession and going into 2010/11 we will surpass the figures posted for 2009/10 with a lot of head room.

He added: “It has been very hard but with dedicated staff from senior management all the way down to the humblest cleaner, all have pulled their weight and got fully behind the company in this very difficult time.

“We continue our growth in the fresh supply to the food service sector (of which we are the largest company in the sector) and we are expanding very much in frozen supply. The opportunities are there and we will be exploiting them.”

Meanwhile, Paington based Kingfisher Brixham Ltd, which has re-engaged the redundant staff, has recently reported significantly increased turnover. Sales manager Kevin Weyman said it was great news for the local economy and the new Brixham Fish Market where it buys much of its fresh fish.

Kingfisher, which supplies seafood for BBC TV’s The Restaurant programme and to several Michelin starred chefs including Heston Blumenthal and Marco Pierre White, said its ability to buy in bulk meant more competitive prices. It currently employs more than 60 people.