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

Bearings, Power Transmissions & Motion Transfer Linkages Manufacturer
UK Wide

Highly respected brand within core operational sectors, with almost 30 years of successful trading. Predominantly works with OEMs and MRO distributors, producing a wide range of bespoke components, as well as an ‘off the shelf’ catalogue range. Offer...

Asking Price: Offers Invited
Turnover: £7,000,000

FREEHOLD


Village Bakery & Shop
Leicestershire, UK Wide

The business is split into two parts, The Village Bakery, which bakes bread, cobs, rolls, cakes, sausage rolls, pasties, pies etc and sells them retail through The Bakers Shop and wholesale to companies in the local area. The Bakers Shop has many reg...

Asking Price: £280,000
Turnover: £304,000

FREEHOLD


Signs Designer, Manufacturer & Installation
Cheshire, UK Wide

A well-established and respected name within the industry and are designers, manufacturers and installers of shop and factory signs as well as vehicle graphics, exhibition material, flags and flagpoles, labels, CNC machining, Flat bed and roll to rol...

Asking Price: £259,950
Turnover: £550,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
Aug
 

EAG construction business snapped up by Elaghmore | BUSINESS SALE

English Architectural Glazing Limited (EAG) has been snapped...

 
19
 
Aug
 

Childcare entrepreneur boosts portfolio with Liverpool acquisition | BUSINESS SALE

The Griffin Nursery, a children’s day nursery in Bootl...

 
15
 
Aug
 

Payroll and HR companies acquired by software group | BUSINESS SALE

IRIS Software Group has finalised the agreement of intent to...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
05
 
Aug
 

Superbreak and LateRooms travel businesses for sale after administrators appointed | BUSINESS SALE

The Malvern Group, parent company of LateRooms and Superbrea...

 
09
 
Jul
 

Assets for sale as engineering firm appoints administrators | ADMINISTRATION

An engineering firm based in South Yorkshire has fallen into...

 
26
 
Jun
 

'All options' being explored for collapsed Welsh cheese maker | ADMINISTRATION

A cheese-making factory in Snowdonia has collapsed into admi...

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