The FINANCIAL — Unique Seafood Ltd, one of the leading seafood wholesalers and distributors, is making waves after securing a finance package of £2.8 million from Barclays to support its growth plans, according to Barclays.
Established in 1997, Unique Seafood Ltd has an annual turnover of £25 million and operates from three sites in Thamesmead in London, Cricklade near Swindon and Mildenhall near Cambridge.
With 62 employees, the business supplies its UK customers with fresh sustainable fish direct from its own vessels. It has grown to become one of the UK’s main players in the seafood industry, supplying the wholesale, industrial and food service sectors, in addition to supplying over 2500 fish and chip shops and restaurants across Britain.
The Barclays finance package, which includes a structured Trade loan, will allow the business to increase the level of seafood it purchases and consequently grow sales. Unique Seafood is also planning to purchase an additional depot to expand its operation in Thamesmead, in order to supply more exotic fish types to its customers. Unique Seafood has also moved its day to day banking to Barclays including cash collection, payments and FX, according to Barclays.
“The Barclays finance package will enable Unique Seafood to increase capacity, have more storage space and increase customer services. We look forward to working with Barclays as we embark on the next stage of our journey,” Harald Nissen, Managing Director, Unique Seafood Ltd, said.
“Unique Seafood has carved a niche for itself in this competitive market and is enjoying strong growth. We are fully committed to supporting the business as it looks to diversify and expand into new markets,” Sarah Collins, Relationship Director, Barclays’ Retail & Wholesale team, said.
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