THERE was more good news this week for Seafood Holdings one of Britain's leading fish suppliers.
Ten days after Fish Update reported it was on track for record results this year, the group was listed as being among the top private equity companies with the fastest growing profits in the UK.
In fact in came 12th in the Sunday Times and Deloitte Buyout Track 100 companies complied by the Oxford based research organisation Fast Track.
Seafood Holdings, founded by Toby Baxendale in 1991, has a network of ten fish suppliers throughout the UK from Edinburgh to Southern England. It is 76 per cent owned by Mr Baxendale, with a 24 per cent stake from Risk Capital partners.
The group has a staff of 535 and, according to Fast Track, reported a 91 per cent increase in profits to January 2009, the last posted accounts full year. Earlier this month, Mr Baxendale told Fish Update: "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."
The Fast Track report, published in last week's Sunday Times, said Mr Baxendale, started out buying fish from Billingsgate Market and then selling it onto London restaurants.
"After snapping up a succession of rivals over the years, Seafood Holdings now sells more than £100 million worth of fish a year to top restaurants, hotels, pubs and caterers."
It also buys from Icelandic auctions and sells to the Continent and says that sourcing its own products makes it easier to demonstrate its environmental credentials to customers.
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