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Birmingham Post
Birmingham Post
Business
David Laister

Grimsby seafood blow as Icelandic firm pulls UK operations after racking up huge losses

Almost 200 jobs are on the line after the owner of a major Grimsby seafood processor announced it is pulling out of the UK.

Icelandic Seafood International is to withdraw from the value-added business, having taken on the former Five Star Fish facility by the entrance to the town as Covid hit. A sale is being sought, with interest understood to have been established.

ISI had united an existing West Yorkshire operation with the neighbouring Havelok business, bringing back to use the heavily invested 100,000 sq ft plant, last operated in 2018 by 2 Sisters. As reported in August, ISI had told how the plant was taking longer to break even than anticipated. Now losses of £8 million have been revealed for the first nine months of the year.

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