A London-based fish and seafood wholesaler is looking to expand its presence in London’s hotel and leisure sector after receiving funding from Lloyds Bank Commercial Banking.
Barfoot, which has a turnover of £2m, approached Lloyds Bank, its long-term banking provider, which supplied a working capital facility to help facilitate its growth.
The support enabled the business to refurbish the interior of its South Bermondsey premises, which has been its base for the past 20 years, without impacting its day-to-day cash flow, allowing it to continue its operations whilst investing in its future growth.
Its clients include some of London’s top hotels, clubs and restaurants including The Dorchester and Hilton Bankside, as well as the exclusive Les Ambassadeurs Casino in Mayfair.
The company says it is keen to grow its contracts across all portfolios over the next year, as well as extend its network of suppliers across the UK.
The family-run wholesaler sources fish from coastal partners across Cornwall and Scotland, as well as London’s markets. It was launched in the 1970s by Dick Barfoot who also owns Sweetings Restaurant, to which Barfoot has supplied fresh seafood for more than 30 years.
Barfoot is now managed by Dick’s son-in-laws Rick Knowler and Mark Gray, who employ a team of seven.
There will be more on this story in the May issue of Wholesale News.