Comment posted Loch Fyne Oysters sold to Scottish Seafood Investments by john in kintyre.
Tarbert Saxon and Ewan Kennedy your anti-fishfarm bias is astounding in your comments.
Surely this investment secures the future of Loch Fyne Oysters, which can only be good for the employees.
Having read other reports on this, is it not the fact that in return for investment Scottish Seafood Investments have aquired 100% of the equity in Loch Fyne Oysters with full agreement of employees.
Scottish Seafood Investments through Associated Seafoods have been active in the Seafood Market recently aquiring Lossie Seafoods of Lossiemouth and Moray Seafoods of Buckie and investing significant funds into the business’s.
Recent comments by john in kintyre
- Democratic deficit as Government ignores Information Commission ruling
Mark,please stop peddling lies, The mobile fishing sector does not or has ever shot seals, it does not do your creditability any good when you use unsubstansiated tosh in your arguements.
Please present facts - The reality of living as a Clyde fisherman: Scottish government must act
A comment by SIFT by any chance? - The reality of living as a Clyde fisherman: Scottish government must act
Ron for your information, this is what the anti-fishing lobby do not want highlighted.
Go to www.nafc.ac.uk/Fisheries-Policy-Notes.aspx look at Trends in Scottish Fish Stocks published by NAFC University of the Highlands and Islands on 26th March 2013, especially page 20 and you will see the major target species of the West Coast Fishermen ie. Prawns (Nethrops)has increased in abundance by 70% since 2007.
The TAC (Total Allowable Catch) for Nethrops, or quota in laymen’s terms was increased this year 2013 on the recommendation of ICES but effort (the time allowed at sea) has been reduced since 2011 when boats were allowed 200 x 24 hour days to a projected 100 days 2013.
This is due to the Cod Recovery Plan which is inflexible in that it must reduce fishing effort year by year even though the the West Coast Fleet catches less than 1.5% Cod as a bycatch and therefore should, by the rules governing the Cod Recovery Plan, be exempt from the effort rules.
The “Giant Floating Factories” you quote must be Dutch vessels as the mean average length of a traditional West Coast Nethrop Trawler is between 10 to 16 metres crewed on average by 3 to 4 local men landing locally every day to Scottish Processors.
John ex-skipper now retired - Politicians’ responses to the Kintyre and Arran power emergency
Well explain how the battery is lasting in I presume your laptop or I-pad? 5 days is rather remarkable I would suggest without a recharge.
Or is it a case of being frugal with usage or perchance a small generator or some solar come wind turbine device.
Another query, did you not beleive the forecasts and heed the SNP Goverment’s advice to fuel the car and take measures to make sure essentials were to hand to alleviate any hardship. - Kintyre suffering badly from impact of snow and high winds
Gossip, gossip from an old embittered tory.
Name and shame if you have any balls IfO
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I fail to see how this is good news. A locally owned, locally managed, local employer taken over by a company owned by a Scandinavian company that has had more name changes than Windscale and a private equity company. Low wages and profits evacuated from A+B I predict!
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Tarbert Saxon, I made the mistake last year of describing Scottish Salmon Company Limited as Norwegian owned and they complained to newsroom. It seems they are incorporated in Jersey, quoted on the Norwegian Stock Exchange and have their head office in Edinburgh.
Being a quoted company the shareholders presumably come from all over.
They appear to have two executive directors, Robert M Brown III, ex- Lehman Brothers managing director and resident in Moscow, who is involved with Kazakhstan and Russian Investments and Vlacheslav Laventyev, who has a long involvement with Russian fish farms.
The company’s most recent published accounts can be viewed here:- http://hugin.info/143286/R/1567482/486959.pdf
There are no doubt good reasons for the sale but I find the decision rather sad, as successful employee-owned businesses add a lot to their communities.
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Ex Lehman Brothers managing director and resident in Moscow? – let’s hope the Russia connections don’t end in a shark’s dinner.
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Tarbert Saxon and Ewan Kennedy your anti-fishfarm bias is astounding in your comments.
Surely this investment secures the future of Loch Fyne Oysters, which can only be good for the employees.
Having read other reports on this, is it not the fact that in return for investment Scottish Seafood Investments have aquired 100% of the equity in Loch Fyne Oysters with full agreement of employees.
Scottish Seafood Investments through Associated Seafoods have been active in the Seafood Market recently aquiring Lossie Seafoods of Lossiemouth and Moray Seafoods of Buckie and investing significant funds into the business’s.
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A little more information on Mr Brown the third here.. http://investing.businessweek.com/research/stocks/private/person.asp?personId=538490&privcapId=36634183&previousCapId=36634183&previousTitle=Storm%20Properties
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Never be fooled into believing the line much peddled by British politicians since the days of Mrs Thatcher that: “it doesn’t matter who owns the company providing they are providing employment”. This is never sustainable long-term. Owners who are not committed to a country/region will always find it much easier to dump an investment than ones who are. It is very clear from Ewan Kennedy’s outline of this company’s background that its commitment to Argyll is tenuous at best.
I suspect that 5-10 years down the line the former employee-owners of this business will realise they have made a big mistake. I do hope that I am wrong!
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