Holyhead Shellfish secures start-up loan funding from the Development Bank of Wales
The funding backed the purchase of a fishing vessel to launch local operations on Anglesey.
Holyhead Shellfish supplies locally caught seafood from its base in Wales.
Holyhead Shellfish has secured start-up loan financing from the Development Bank of Wales to fund the acquisition of its first fishing vessel. Founded by Royal Navy veteran Sion Riley, the business catches and supplies seafood to local restaurants and wholesalers. The capital enabled the purchase of the Pan Arctic boat and supported the launch of operations on Anglesey.
From the founder
"Working on the sea, fishing, and in my local community has always been a dream of mine. Nothing, not even a pandemic would stop me. No challenge is big enough to stop my dreams. My ambition has been rewarded by huge demand from local restaurants and wholesalers. It’s been a phenomenal experience so far."
SR
Sion Riley
Founder at Holyhead Shellfish
Investor perspective
"Sion had a very clear vision for what he wanted to do and the future of his business. He’s hardworking and dedicated and has considerable seafaring experience from his time with the Royal Navy. We’re delighted to have been able to help him start his business and are excited to see Holyhead Shellfish grow. I’ve enjoyed working with Sion and Holyhead Shellfish and look forward to supporting other companies in the area in a similar way."
Siôn Wynne
Investment Executive, Development Bank of Wales
Use of funds
- 01Scale operations
Investors
Categories
About the company
HS
Holyhead Shellfish
A Welsh commercial fishing enterprise supplying fresh seafood to local markets.
Holyhead, UK