Loch Fyne Restaurants is expected to confirm Noble & Company's appointment as advisers to a potential sale. The seafood group is valued at a maximum £40m should the sale go ahead, and reported 2004 profits before tax of around £1m. The sale is just one of several options reportedly available to the company, including an IPO. LFR is also looking to sell two restaurants in London and Brighton. Three hundred private investors own around 66% of the company, with the remaining shares held by chief executive Mark Derry and senior managers.