Dawnfresh Group, Scotland's largest trout producer, has gone into administration and its subsidiary Dawnfresh Farming Ltd has been put onto the market by FRP. 200 jobs have already been lost and more are expected to follow.
Dawnfresh traded under various brands such as Loch Etive and RR Spink & Sons. The company was the largest producer of Loch Trout and exported them around the world. Loch trout are in fact sea trout but due to the fact that they are not caught or go to the sea they cannot be marketed as such.
Dawnfresh operates seven fish farms across Scotland and Northern Ireland with two Scottish processing plants, including the Uddingston site and one in Arbroath.
Callum Carmichael, partner with FRP, said: “Dawnfresh is a high profile and highly regarded seafood business with a long tradition of supplying innovative products to a blue-chip customer base. Unfortunately, the business has been unable to overcome very serious financial problems at the Uddingston facility, but we are pleased to have secured a prompt sale of the Arbroath facility in a deal that will also preserve substantial employment in the town.''
“Our focus is now on finding a buyer for the farming business whilst also realising as much value as possible from the other assets for the benefit of creditors.”
Category: What is administration