Hans J Marter
25 July, 2008
THE SALE of assets belonging to the failed Shetland cod farming venture No Catch
is almost complete after six of the company's mussel farming sites were bought
by a local business.
Brae-based Blueshell Marine said yesterday (Thursday) the acquisition will help
the company continue to grow and safeguard existing jobs.
Blueshell is one of the largest mussel farming businesses in Shetland, employing
between 15 and 18 people depending on the season, and farming at 12 sites
The company hopes to become the first Scottish mussel producer to break through
the 1,000 tonne production barrier this year.
Managing director Michael Laurenson said mussels from the newly acquired sites
at Ronas Voe, Olnafirth and Lunna Ness would be harvested before the sites’
equipment was shipped to the German partner in the buy-out, Nordsee Muscheln
He added that he had no immediate plans to develop the sites, but added that
they would give the company the capacity to grow up to 2,000 tonnes of mussels
"This is giving us an initial boost this year in the amount of mussels we can
harvest. It will safeguard existing jobs and could lead to the creation of some
new jobs in the future," he said.
A seventh mussel farming site belonging to No Catch has been sold to Scottish
No Catch had to call in the administrators in February this year after
accumulating debts of £40 million.
The company had set out to revolutionise the fish farming scene with the first
organically grown cod in the world, but failed after three years in the
Administrator Grant Thornton confirmed yesterday that the sale of assets was now
They are still busy harvesting the remaining cod and processing it at the
Scalloway fish plant. This work is set to come to an end in October, after which
the plant will be sold.
Grant Thornton have already started looking for potential buyers.