Andrew Marr International sees profits fall

SEAFOOD group Andrew Marr International has recorded pre-tax profits of £9m, a fall of £2m on the previous 12 months.

The Hull-based company saw turnover fall from £344.4m to £333.8m in the year to the end of March although operating profit rose by £3.3m.

Andrew Marr International is a holding company operating five firms working in areas including cold storage, fishing vessel maintenance, ice manufacture, and seafood wholesale.

The company’s latest directors’ report says: “Some of the markets in which the group operates have presented challenging issues in the year under review, but the group has maintained its position on the key strategic markets.”

It warns that obligations under EU fishing agreements are currently having a “significant impact” on its Scottish operations but the directors express confidence in their long term profitability.

Last month, Andrew Marr International was ranked 51st in The Sunday Times’s list of the country’s top 250 mid-market private companies.

Nobody was available from the company to comment.