Partner Article
West Midlands seafood supplier expands into London with £200k investment
Wolverhampton’s Star Feast Foods has expanded into the capital after investing £200k in a new facility near Canary Wharf.
The seafood supplier has launched a new trade counter and wholesale operation from a 3,000 sq ft facility in Central London as it looks to service its growing customer base in the capital.
As part of the investment, the firm has installed state-of-the-art freezer and chilling technology, and invested in two new delivery vans and a fully-branded Tuk-Tuk shipped all the way from India to fuel its marketing efforts.
The expansion itself has created four new jobs at the facility with Star Feast Foods hoping for a potential £3m sales boost from the new London operation in the next 12 months.
Mohammed Khan, Business Development Manager at Star Feast Foods said: “This is a very exciting move for the business and reflects a growing appetite from across the UK for our own sustainable shrimp, as well as other seafood and poultry lines,” explained .
“We have always supplied into UK supermarkets and some restaurants in the South East, but felt the time was right to create a dedicated base locally that could meet growing demand and provide a trade counter offer.”
The expansion effort comes at a time of impressive growth for the supplier after it broke through the £9m revenue barrier for the first time, marking a 30% increase on the previous year.
Further plans are also afoot to move into the South West of the UK, building on a string of new contract wins with restaurants, wholesalers and high-street retailers.
Steve Money, Managing Director, added: “Moving into London and South East market is a natural stage in our development and the next step in us achieving £15m sales by the end of 2018.
“We’ve also got some exciting plans to increase our range to more than 50 different seafood, poultry and dried goods products.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment