February 21, 2008

Scottish firm No Catch in administration
 

No Catch, Scotland's organic cod farming company, has gone into administration due to financial difficulties.

There were speculations of the company's financial trouble since last year, although its managing director Karol Rzepkowski had denied it.

However, No Catch has now gone into administration and corporate recovery firm Grant Thornton, has appointed administrators for the Scottish company.

Administrators had confirmed that they were in discussions with a number of potential buyers.

Scottish investment firm, Shetland Development Trust has an investment of US$2.1 million in the company.