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.
Viewing: Wednesday 27 February 2019 between 10am and 3pm. Closing From 10am Friday 1 March 2019.
Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.
LEASEHOLD
Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...
FREEHOLD
|
21
|
|
Feb
|
Lakeside hotel enters administration | ADMINISTRATION
A historic but well-preserved hotel located on the banks of ...
|
19
|
|
Feb
|
Pharmaceutical manufacturer enters administration | ADMINISTRATION
A pharmaceutical manufacturing company based in Bristol has ...
|
16
|
|
Feb
|
Flybmi collapse - Ryanair, Loganair quick to take advantage and is Brexit really to blame? | ADMINISTRATION
Airlines Ryanair and Loganair are moving quickly to take ad...
Sign up to receive our acquisition alert emails to get your FREE guide
|
12
|
|
Jan
|
North East furniture manufacturer has entered administration | ADMINISTRATION
Godfrey Syrett, which describes itself as a “true Brit...
|
05
|
|
Jan
|
Airline’s engineering arm enters administration | ADMINISTRATION
Monarch’s last surviving division has fallen into admi...
|
25
|
|
Oct
|
Yorkshire manufacturer completes MBO | MBO/MBI
Senior Architectural Systems, a window and door manufacturer...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources