The Unddingston, UK company, owned by magnate Alistair
Salversen and his family, has reported turnover of UK£41.6 million for the 2014
year to March 30, which was slightly ahead of the UK£40.2 million reported for
the 2013 year.
Dawnfresh Seafoods had also reported pre-tax losses of UK£5.1
million for the 2013 year.
In a chairman's statement in accounts now filed with Companies House, Salversen said while the 2014 results were “disappointing”, the figures do not “reflect the transformational improvements the company has made during the year."
Salversen adds since the appointment of Andrew Cooksey as managing
director in May 2013, the company has strengthened its team and improved
products and customer relationships as part of a wider long-term growth plan.
This plan has been developed, “... with the aim of significantly
increasing turnover in the next three years and earning a reasonable profit."
The company notes it spent UK£2 million on new plant and
equipment in the financial year, and secured planning consent for a new fish
farm on Loch Etive, which the company said would see it meet customer demand
for Scottish local trout in 2016.
Dawnfresh Seafoods also notes it also plans to develop its
brand globally from the recent launch of its online shop.
The company also notes it lost out in a bid to acquire a
“substantial seafood business”, believed to be the Meridian Salmon farms
formerly owned by Marine Harvest and Morpol, which were subsequently sold to
Cooke Aquaculture.
Dawnfresh Seafoods has booked UK£350,000 in one-off costs
related to its unsuccessful bid.
The company notes the Salversen family provided UK£5.5 million
to support the capital investment programme in the 2014 year.
Subsequent to the year end, the Salversen family subscribed
for a further UK£11 million ordinary shares, which went towards paying off
director loans and strengthen the balance sheet.
The company employed on average 438 people in the 2014
financial year.
(IAF1501)
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