Fish and seafood giant Andrew Marr lands whopping £17m profit
By Hull Daily Mail | Posted: 31 Dec 2018
Historic family-owned fish and seafood giant Andrew Marr International netted almost £17m of profit last year.
The business, headquartered in Hessle, has invested heavily in its fish catching operations, including taking delivery of a new vessel built in Whitby, North Yorkshire.
Andrew Marr International, one of the region’s biggest and most successful companies, reeled in profits of £16.9m in the year up to March 31, 2018 - up from £15.5m.
The family business’ main activities lie in fish trading and processing, fishing, vessel management and food storage.
Alexander Marr, a director at the company, said in recently-filed accounts: “The board is pleased to report that the year to March 31, 2018, was another year of further progress across all of our businesses…
Fishing and seafood giant Andrew Marr International is based in Hessle. (Geograph)
“The group continues to invest in its fish catching operations in the UK. The vast majority of catches are landed into UK ports, and the group’s fishing vessels use UK ports for support services.
“The group has taken delivery of a new fishing vessel built in Whitby, and will start construction of another in autumn 2018 to be built in Scotland.”
Turnover at Andrew Marr International also soared, from £527.7m in 2017 to £590.5m.
The business now employs more than 300 people, and trades under a number of subsidiaries.
They include J. Marr Seafoods Ltd, fish import and distribution specialist Fastnet Fish - based on Grimsby's South Humberside Industrial Estate, and storage company AJK.
The group has a number of subsidiaries, including J Marr Seafoods.
Directors said the group’s Fastnet business had fared well in the 2017/18 year, despite “challenging trading conditions.”
Mr Marr said: “The business continued to expand its product range in the period, and is well positioned in the future.
“In our exports market, J Marr Seafoods also continued to extend its range of frozen commodities, and to open up new markets, offering the best value fish, meat and poultry to Sub-Saharan Africa…
“Our Marrfish business sources and delivers prime quality seafood to premier eating outlets in London and the Home Counties, and developed well in the period.
“We believe that Marrfish represents a growth opportunity for the group, and look forward to further developing this business in the future.”
Andrew Marr International was last June named in one of the 25 biggest businesses in Hull and East Yorkshire.
The group ranked fifth in the list, behind other giants including Drax, Croda and Cranswick.
The fish and seafood company’s profit before tax last year stood at £22.3m.