Nine jobs lost at Alness and Muir of Ord seafood firm
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A ROSS-shire seafood firm has gone into liquidation after running into financial difficulties.
Coast and Glen, which supplied fresh fish and game to hotels and restaurants across the UK, had grown rapidly in recent years.
The business, which employed nine people and had a turnover of £1.4 million, operated from leased premises in Alness. It had also acquired a new factory in Muir of Ord.
The company was founded in 2011 by Magnus Houston, who went on to win prestigious business awards. Supplies were sourced from independent fishing boats and customers included Michelin-starred restaurants.
Unsustainable cash flow problems stemming from rising costs, intense competition and very low margins have been blamed for the difficulties.
Liquidator Iain Fraser, partner with FRP Advisory, is now seeking buyers for the assets.
“Coast and Glen was a progressive, entrepreneurial business that had grown rapidly and was rolling out ambitious expansion plans,” he said.
“However, the business ran into financial problems and liquidation was the only available option. Unfortunately, all nine staff have been made redundant with immediate effect and we are working closely with the relevant agencies to ensure they receive as much support as possible.”
Mr Houston’s other business, Fishbox, is unaffected.
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