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UK whitefish, shrimp importer in the red following ‘rigorous’ debt review

Seamark sister firm Ibco wrote off old debt and negotiated with banks as part of 'rigorous' review of debts, while noting gross profit and top line growth last year

By Alicia Villegas | Oct. 14, 2014 09:14 BST
UK whitefish, shrimp importer in the red following 'rigorous' debt review
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UK importer Ibco Limited, which sources whitefish and shrimp from Bangladesh, India, China and Vietnam, increased turnover by 11% to £38 million in 2013, while margin improvements saw a gross profit of £4m, up 31% year-on-year [...]

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