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No Catch organic cod could live again

No Catch organic fish fingers
Food News
Channels: Food News Tags: organic, sustainable

One of the flagships of the sustainable fish world could rise from the ashes after going into administration last month.

No Catch went under after running up a £40 million debt on its organic cod farm, but now new buyers are expected to revive the Shetland firm. According to administrators Grant Thornton, "there has been quite a lot of interest in the sea farms…[though] it is unlikely it will be sold as a whole."

The Times says that several Norwegian companies are considering buying the company's assets, while Fishupdate reports Grant Thornton is in "advanced negotiations" with a number of parties.

A deal is expected this week, which could eventually lead to No Catch's organic fish fingers -- a world first -- reappearing on supermarket shelves. For the sake of our bellies and our consciences, we certainly hope No Catch lives again.

Posted: 31 March 2008, 11:34am by Adam Vaughan
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