British Seafood

This frozen-seafood supplier buys and processes fish in the Far East and eastern Europe, where costs are low, and sells it in Britain, Germany and France, where prices are high. The company, founded in 1997 by Mark Holyoake, managing director, recently acquired 10 distribution firms and started to supply restaurants direct. British Seafood says it more than doubled its client base in the food-processing sector, and increased the size of its average annual contract by a factor of 10 to £1m between 2001 and 2004. As a result, profits rose 85% a year from an annualised £1.3m in 2000 to £8.2m in 2003.

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Company details
Year2005
Rank17
CompanyBritish Seafood
ActivitySeafood wholesaler
LocationCentral London
Annual profit growth84.76%
Latest profits £000s8,213
Latest sales £000s175,399
Staff326
Founded1992
Websitewww.britishseafood.com

If applicable:

* supplied by company † annualised figure