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FAROE Seafood UK now plans to move from a cash centred operation to a profit based operation and is looking forward to expanding its business.
That was the upbeat message from Torkil Davidsen, head of the Faroe Seafood UK operations based in Grimsby following a visit recently from a representative of the new owning team.
To underline the message of optimism, the new look Faroe Seafood will also be exhibiting at the European Seafood in Brussels next month in Hall 5 on stand 129.
The administrators and a number of former managers with the old company recently signed a contract to purchase Faroe UK, based in Grimsby, Faroe France SA and the Faroe brand along with the name of Faroe Seafood and what was essentially a share transaction. The new owners are Poul Klein, Simon P. Jacobsen, Meinhard Jacobsen and Erlendur Johannessen.
Mr Davidsen said he was delighted that the company was now had the stability to continue with its normal trading operations after all the upheaval of the last few months. "It has been quite a long business but we are glad it is over," he added.
Faroe Seafood UK is a major supplier of salmon and whitefish to the cash and carry and wholesale sectors in the UK and in Europe, notably France and Poland. It has outsourcers production to sites in Grimsby and in Scotland.
One of the big selling points of Faroese sources fish is that it comes from a country where sustainability is key and where discards are banned with fishing activity in large part controlled by a regulated days at sea system.
Faroe Seafood said recently"We believe, that there is no better system than the ‘fishing days’ out there at the moment, but we do realise that no system is perfect or permanent. The idea is that until you can totally control what you catch, there is no point in restricting what you are allowed to land."
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