Investment in Seafood Holdings Limited
HMT, led by partner Andrew Thomson, acted as reporting accountants for Risk Capital Partners on its investment in Seafood Holdings Limited.
Seafood was originally established by Mr Toby Baxendale in June 2001 as a seafood distributor. The decision to enter into the seafood industry was to compliment Mr Baxendale’s long established meats business, Billfields, with the consumption of fish increasing as consumers move away from meat.
Andrew Thomson commented:
“Seafoods has been pursuing a buy and build strategy since 2001, gaining countrywide coverage in a fragmented market. Having successfully proven its acquisition strategy, and with the sector experience from Risk Capital Partners, their investment should ensure that the business can continue to successfully pursue its acquisition strategy.”