Unique Seafoods chases growth with £2.8m funding

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UK-based seafood wholesaler, Unique Seafood Ltd, is putting its growth plans into action after securing £2.8m in funding from Barclays.

With the finance package, which includes a structured Trade loan, the company says is now able to increase its volume of products and grow sales. It is also planning to purchase an additional depot to expand its operation in Thamesmead, in order to supply more exotic fish to customers.

“The Barclays finance package will enable Unique Seafood to increase capacity, have more storage space and increase customer services. We look forward to working with Barclays as we embark on the next stage of our journey,” said Harald Nissen, managing director.

“Unique Seafood has carved a niche for itself in this competitive market and is enjoying strong growth. We are fully committed to supporting the business as it looks to diversify and expand into new markets,” added Sarah Collins, relationship director, Barclays’ retail and wholesale team.

Set up in 1997, Unique Seafood has an annual turnover of £25m and operates from three sites in Thamesmead in London, Cricklade near Swindon and Mildenhall near Cambridge.

The company supplies UK customers with fresh sustainable fish, direct from its own vessels. It has grown to become one of the UK’s main players in the seafood industry, supplying wholesale, industrial and food service sectors, in addition to supplying over 2,500 fish and chip shops and restaurants across Britain.