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Santander funding to support Fillet Fish Ltd expand US exports and increase UK capacity
Hull-based seafood processing firm Fillet Fish Ltd is to expand further into the US following significant funding from Santander Corporate & Commercial.
The 35-staff firm, run by a husband and wife management team, Stephen and Colleen Walker, has already established clients in New York, San Diego and Miami, and is looking to build on this momentum with a renewed push into the world’s biggest food import market.
Fillet Fish specialises in processing and distributing prime UK catch such as salmon, cod, haddock, smoked fish, and seasonal specials such as plaice, halibut, pollock and monkfish. Its core product is sourcing fresh salmon and other pelagic fish, and selling to London’s Billingsgate market, domestic UK customers or key export suppliers. Much of its produce is sourced in Scotland, chilled on the way to Hull and then exported via Manchester. It is usually in the US within 48-72 hours of being caught.
Over the past two years the firm has experienced dramatic growth: the firm has been able to outcompete rivals in terms of service and has also expanded into supplying end users directly rather than being just part of the food manufacturing process. The six-figure funding from Santander Corporate & Commercial will be used to penetrate further into the US with aspirations to expand into additional markets over the next two years.
Colleen Walker, Director, Fillet Fish Ltd, said:
We have a premium, healthy product and are growing rapidly – both in the UK and the US. We are committed to providing ethically sourced fish and all our products are sustainably sourced. We are looking to reach out to new domestic and international markets. Santander has offered us infrastructures and contacts into those key markets and support for our future expansion.
Barry Haslam, Relationship Director, Santander Corporate & Commercial, said:
It is always great when local Humber-based firms such as Fillet Fish do really well and compete on the international stage. It’s a fantastic and unique service that fresh UK fish can be landed and then a few days later appear in a top restaurant thousands of miles away, and we’re delighted to be able to support the firm as they expand internationally.
