NE Scotland, Orkney & Shetland

Shetland seafood firm goes into administration

Isle of Shuna website
Image caption Isle of Shuna was established in 2005 and has focused on mussels

A Shetland-based seafood business has gone into administration.

Isle of Shuna, and its subsidiary Demlane Ltd, employs six people in Shetland and three on the mainland.

The company was established in 2005 and has been involved in the harvesting, processing and marketing of fresh mussels.

PricewaterhouseCoopers has been appointed administrators, and said it offered an opportunity for an industry player to step in.

Joint administrator Graham Frost said: "Isle of Shuna has grown successfully over the years and is well regarded by customers.

"The business had encountered cash flow problems in recent months.

"The board have since reluctantly concluded that without additional working capital and investment this path is no longer feasible on a standalone basis."

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