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North Scotland fishing services group under new ownership

SCOTS TORY LEADER ANNABEL GOLDIE WITH LOCAL CANDIDATES GEORDIE BURNETT-STUART AND MICHAEL WATT WATCH KAREN SMITH FILLET A COLLIE AT CALEY FISHERIES DURING HER VISIT TO PETERHEAD.(BUCHAN/BROWN)
SCOTS TORY LEADER ANNABEL GOLDIE WITH LOCAL CANDIDATES GEORDIE BURNETT-STUART AND MICHAEL WATT WATCH KAREN SMITH FILLET A COLLIE AT CALEY FISHERIES DURING HER VISIT TO PETERHEAD.(BUCHAN/BROWN)

North and north-east operations of fishing services group Caley Maritime are under new ownership following a takeover swoop from south of the border.

A document lodged at Companies House confirms businesses under the Peterhead-based Caley Fisheries umbrella have changed hands.

They were previously majority-owned by a group of shareholders comprising Allan Watt, Karl Brown, John Tait, Kenneth Reid, Andrew Dixon and Neil Armour.

But they are now under the control of Yorkshire seafood company Andrew Marr International (AMI).

The Caley businesses – at locations including Peterhead, Fraserburgh, Oban and North Shields – are thought to have become part of AMI’s Peter J. Johnstone subsidiary. Christian Marr, one of the founding family behind AMI, said yesterday he would provide more details soon. Financial details of the deal are not known.

The last set of accounts lodged for Caley Maritime show it turned over £16.6million in 2016, down from £18.5million the year before. Pre-tax profits for the latest period came in at £1.05million, up from around £773,000 previously.

An 85.6% shareholding in Caley Investments gave Caley Maritime a majority stake in businesses including the Caley Seafoods factory in Peterhead and a chandlery in Oban.

Caley Fisheries has operations spanning vessel management and ownership, ship chandlery, marine oil supply and fish selling and processing.

Hessle-based AMI is the parent of companies across all sectors of the industry, from logistics and sourcing to trading and distribution.