Whitelink Seafoods reels in RBS funding

Whitelink Seafoods reels in RBS funding

Family-owned seafood supplier, Whitelink Seafoods, has secured a funding package from Royal Bank of Scotland to allow it to purchase a new scallop vessel.

The ship, which will help the company process, distribute and supply a higher volume of produce, will also allow Whitelink Seafoods to secure and create new jobs in Fraserburgh and surrounding areas.

Established in 1974 and still run by the Sutherland family, the award-winning company supplies seafood world-wide. The business employs 200 people in the UK with a turnover in the region of £75m.

Whitelink has operations in Scotland, England, France, Germany, Iceland and Spain, and distributes its produce across the globe.

Its renowned product range is vast, with types of seafood processed by the company including scallops, langoustines and squid, hake, salmon, monkfish and cod in both fresh and frozen form.

The latest addition to the fleet is the third scallop vessel Royal Bank of Scotland has helped the business acquire in the last two-and-a-half years.

Graeme Sutherland, director of Whitelink Seafoods, said: “We can’t thank Royal Bank of Scotland enough for its continued support of our business. Our new vessel will help us secure continuous supply for our loyal and valued customers all over the world.”

Gregor Stewart, relationship director at Royal Bank of Scotland, said: “We’re proud to support Whitelink Seafoods in its latest business venture. The company is a notable example of a well-run business with strong family values and a fascinating heritage. It’s also extremely encouraging to see the new vessel helping to secure jobs for the local area. We wish Whitelink Seafoods continued success.”