Grimsby seafood firm Northcoast saw UK sales and operating profit increase strongly ahead of its spring buy-out.
The retail-focused manufacturer enjoyed a seven per cent lift in domestic activity, having also sold off a Danish subsidiary in 2020, with earnings up from £2.7 million to £3.5 million. Japanese-backed Dutch operation Seafood Connection swooped for the 22-year-old business in May.
Founder Fridrik Thorsteinsson, who was diagnosed with a rare brain condition last year, grew the business from a tiny North Atlantic prawn trading operation, based on his academic background and entrepreneurial flair. It went on to acquire Ambassador Seafoods of Stallingborough, moving that and the Europarc office set up to substantial premises on South Humberside Industrial Estate in his adopted home town.
