Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


For over 200 years, the Young's name has been associated with great seafood.

Sales and EBITDA Growth for the UK’s Fish and Seafood Market Leader

  (UNITED KINGDOM, 8/12/2019)

Young’s Seafood Limited, the UK’s number one fish and seafood processor, today reports its financial results for the year to 30th September 2018. The results reflect Turnover growth year on year through growth in frozen, chilled, brand and retailer-branded fish and seafood. The frozen sales increase resulted from growth in the company’s market leading brand in the UK and export markets and from a number of own label contract wins. The increase in chilled sales reflected strong customer activity and new listings as well as market growth.

Young's Seafppd os one of the world’s oldest and finest industries.

Financial highlights:

  • 4.3% Turnover growth year on year, with Turnover of £545.9m for the 12 months to end of September 2018 (£523.3m for the 12 months to end September 2017). 
  • 16.0% EBITDA growth, with EBITDA of £23.0m for the 12 months to end September 2018 (£19.8m for the 12 months to end September 2017). 
  • Operating profit before exceptional items and goodwill amortisation of £11.5m for the 12 months to end September 2018 (£8.4m for the 12 months to end September 2017).
Young's Seafood Ltd. is a British producer and distributor of frozen, fresh, and chilled seafood, supplying approximately 40% of all the fish eaten in the United Kingdom every year.

Since the period covered by these accounts, CapVest Partners LLP, a leading international investor, announced the creation of a multi-protein food group with significant potential for further growth. It was announced on 2nd July 2019 that Karro Food Group, a leading UK pork processor, which had been owned by CapVest since March 2017, had reached an agreement to acquire Young’s Seafood Limited. The new Group, which has a strong market presence in the pork and chilled and frozen seafood markets, will have sales of circa £1.2bn and employ over 5,000 people across the UK and Ireland.

 Di Walker.

Di Walker, CEO of Karro Food Group, said: “The 2018 results for Young’s Seafood demonstrate the company’s continued market leadership in seafood and potential for future growth. Bringing restaurant quality fish into new categories, Young’s delivers the best quality own-label service to retailers."

"With a good foundation for growth and new ownership in place, Young’s Seafood is progressing well with the first phase of transition, achieving export growth and new contract wins since the time of these accounts. As we drive forward with our plans for the Group, we are very excited about creating an ambitious multi-protein food business, further developing and broadening our relationships with our key partners.”

About Young's Seafood

Young’s Seafood Limited is a British producer and distributor of frozen, fresh, and chilled seafood, supplying approximately 40% of all the fish eaten in the United Kingdom every year. The company is headquartered in Grimsby, England.

The company as it is today was formed through the merger of Young's and Bluecrest in 1999. It is privately-owned by venture capital concern Lion Capital LLP who purchased the parent company Foodvest (part of CapVest) in July, 2008. It is a major player in the European seafood industry and also owner of sister company, Findus AB, based in Malmö, Sweden.

For over 200 years, the Young's name has been associated with great seafood. Now heritage is combined with its global sourcing, technical, marketing and chef skills, confirming Young’s as a world class independent food company and fish specialist. The company operates in all sectors of the market, using modern and traditional skills to produce a vast range of chilled and frozen seafood, from luxury shellfish to family fish meals. 

Source: Young's Seafood

Related News


editorial@fis.com
www.fis.com


Information of the company:
Address: Ross House, Wickham Road
City: Grimsby
State/ZIP: England (DN31 3SW)
Country: United Kingdom
Phone: +44 1472 585 858
E-Mail: care@youngsseafood.co.uk
More about:


Location:

View Larger Map


Approval / Accreditation / Certified / Oversight by...
HACCP  MSC/Marine Stewardship Council  E.U.  BRC (British Retail Consortium) 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Italian Leader of Fresh Fish Product Distribution Earns Certification
Atlantic Salmon Trial Successfully Demonstrates Efficacy of Novel Alternative Protein for Aquafeed
Atlantic Sapphire Nominated for the European Small and Mid-Cap Awards 2019
Champlain Seafood Acquired Captain Dan’s Seafood
Tasmanian Producer of Shellfish Commits to Protection of Marine Environment
BioMar Accelerates Next Generation of Feed Solutions for RAS
Whitefish Event Predicts a More Automated Future
Seafood Imports Joins IPNLF’s Supply Chain Network
BigFish Launches Signature Smoked Range
French Seafood Lovers can Look Forward to Getting Closer to Nature with SalveaTM
Sea Grant Awards USD 16 Million to Advance U.S. Aquaculture
Imperial Brand of Seafood Products Commits to Protection of Marine Environment
Gold Seal® Celebrates 100 Years of Excellence in Sustainable Seafood
Marel Opens the Doors for the 5th Whitefish Showhow
Seanova Earns Certification from Friend of the Sea for Sustainable Production of Epax® Sea Oils
“Women in Seafood” Video Competition: A great Success of the Third Edition
New Research Vessel Choose Scantrol AHC and iSYM Autotrawl
FISA Introduces its Twisted Knotless “Muketsu” Netting to Japanese Market
Aldi to Scrap Plastic Sleeves on Tinned Tuna Packaging
Cargill, White Dog Labs Agreement to Deliver Scalable, Sustainable Feed for Aquaculture Customers
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Chinese vessel fined USD 1 million for illegal fishing
Ghana Owners of the Chinese fishing vessel, Lu Rong Yuan Yu 956 will have to pay a USD1 million fine for illegal fishing in Ghana and additional USD 22,700 (GHS 124,000) for having fish onboard. The Chines...
Reports show EU countries have not enforced fish discard ban
European Union Three major European countries have not enforced the EU ban on fish discards, threatening the sustainability of European fish stocks. Environmental lawyers from ClientEarth have released three report...
Government rejects inaccurate statements about unilateral increase of jack mackerel quota
Peru The Ministry of Production says that the quota of 138,000 tons of jack mackerel applies to waters under national jurisdiction and is therefore not set by the OROP-PS The SPRFMO set...
EC pushes for long-term sustainability of Baltic stocks at AGRIFISH Council
European Union Fisheries ministers are meeting at the AGRIFISH Council in Luxembourg on 14 and 15 October to reach a political agreement on the Baltic fishing opportunities for 2020. Karmenu Vella, Commissioner for ...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim Ltd (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER