The Edinburgh Salmon Company cost Thai Union Group nearly £12 million in 2018

Scottish salmon processor announced its closure last November.

Last November, SalmonBusiness reported that Thai Union Europeenne de la Mer confirmed closure of the based in Dingwall-based processor.

In a posting on Companies House, The Edinburgh Salmon Company (ESCo) posted its final full accounts made up to 30 December 2018.

The company had suffered from heavy losses “as a result of highly challenging condistions and market trends,” it wrote.

The company had in recent years lost two major customers including Pret A Manger as well as supermarket giant Asda to Young’s in 2014. In September 2014, MerAlliance was acquired by Thai Union, through its Paris-based subsidiary MW Brands, whose portfolio includes the John West tinned salmon range.

Loss for the final year was GBP 11.8 million, while turnover dropped 10 per-cent from GBP 36.8 million to GBP 33.3 million.

 

Newsletter