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Business advisory firm Quantuma has secured the future of D&A Seafood Solutions Ltd in a pre-pack sale to Grimsby-based Ramus (Grimsby) Ltd, a supplier of fresh fish and seafood.
Quantuma managing directors Sean Bucknall and Elias Paourou were appointed as joint administrators of D&A Seafood Solutions on 31 October 2024 and completed the sale of the business and assets shortly thereafter to company Ramus (Grimsby).
D&A Seafood Solutions operates from a site in Grimsby Fish Docks, Lincolnshire and is a supplier of fish and seafood to retailers, restaurants, hotels and caterers from its British Retail Consortium (BRC) accredited site.
The sale provides clarity and job security for 32 members of staff. The purchaser has taken on the D&A Seafood Solutions site in Grimsby and all employees were transferred to the purchaser under TUPE regulations.
Founded in 2015, D&A Seafood Solutions reported turnover of circa £4.5m in 2023, but due to a series of challenging circumstances, the business entered into a Company Voluntary Arrangement (CVA) in April 2024.
Unfortunately, the CVA was ultimately not viable and failed, and another solution was then required for the company and creditors, which led to the company subsequently entering into administration.
