Administrators seek buyer for fish firm Aquila

Thu, 13 Apr 2017 | ADMINISTRATION

Administrators appointed to a collapsed fish processor and importer are encouraging anyone interested in buying the business to get in touch “immediately”.

Grimsby-based Aquila Processing, which specialises in fish fingers, fish cakes, battered cod and Quorn for the retail and foodservice sectors, has been hit by rising costs due to a weakened pound following the decision to leave the EU.

The firm, established in 2007, employs 37 people and started out as an importer for fish and chip shop suppliers.

Howard Smith and Jonny Marston, from KPMG, were appointed joint administrators earlier this month and are now looking for a suitable buyer.

Mr Smith, associate partner at KPMG, said: “Any business that is reliant on imports will have faced challenges in recent months as the weakness of sterling takes its toll on margins.

“We continue to maintain operations at Aquila Processing while exploring options. We would encourage anyone interested in buying the business, and its assets, to get in touch immediately.”

Aquila had struggled with the weakened value of the pound and the withdrawal of duty relief on its imports, administrators added.

Find the latest food businesses in administration.


Share this article



Latest Businesses for Sale

Restaurant
South Glamorgan, Wales, UK

Beautifully presented restaurant in Cardiff. Affluent trading area. Run under management. Stunning premises, beautifully presented throughout. Offers invited.

Asking Price: £230,000
Turnover: £650,000

Dental Surgery
Derbyshire, UK Wide

Peak District/Stockport Postcode Area. Very well-established Private Family Dental Practice. Excellent high street location and with good transport links. Offers invited.

Asking Price: £870,000
Turnover: £636,000

LEASEHOLD


Mediterranean Bar & Restaurant
Darwen, Lancashire, North West, UK

Prominent Town centre location. Imposing detached property. Newly refurbished in 2015. Customer seating for 110. High end fixtures and fittings. Offers invited.

Asking Price: £550,000
Turnover: £520,000


View more businesses for sale

News Search

Latest News

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

 
02
 
Jun
 

Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...

 
01
 
Jun
 

Aldo UK falls into administration | ADMINISTRATION

Footwear retailer Aldo UK has entered into administration du...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
22
 
May
 

Owner of Joe.co.uk enters administration | ADMINISTRATION

Joe Media Limited, the UK parent company of social news webs...

 
05
 
May
 

Byron Burger owner seeks to sell chain | BUSINESS SALE

Three Hills Capital Partners, the majority shareholder of re...

 
30
 
Apr
 

Central Building Contractors goes into administration | ADMINISTRATION

Glasgow-based Central Building Contractors has gone into adm...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources