Norfolk-based crab and lobster processor Jonas Seafood is expecting a significant boost in turnover during the coming year.
The company's managing director Kevin Jonas stated that it is primed to a turnover of over £2 million, a three-fold increase on the same period a year earlier. Mr Jonas explained that the firm has been boosted by a £210,000 investment package from HSBC which has allowed it to open a new 929 sq m factory and purpose-built shop in Cromer, at a cost of £500,000.
Speaking to FoodManufacture.co.uk, Mr Jonas said that the increase in turnover has meant the company could make more job opportunities available. In the last 12 months, the number of employees has jumped from 20 to 52 boosting the firm's production levels. The company's factory is able to process over 1,500 dressed crabs every day and 70,000 lobsters every year, distributed to 15,000 restaurants and retailers around the country.
Jonas Seafood has seen off competition in the Norfolk region after Young's Seafood's Cromer Crab Company closed its factory two years ago. This saw Jonas invest heavily in its operations as well as absorbing some staff from Young's and receiving a £40,000 grant from the Marine Management Organisation.
James Howlett, area commercial director at HSBC's Norfolk and Waveney Commercial Centre, told the news provider: "HSBC has been impressed by Jonas Seafood's ability to take advantage of the favourable economic conditions and successfully embrace business growth opportunities for the renowned Cromer crab and lobster."
The Norfolk-based seafood company is focused on bringing Cromer crab and locally caught lobster to the masses. Supplying both smaller and large organisations, the recent increase in turnover highlights the firm's ambitions for the future. Following the opening of its new factory in September 2013 it has been able to boost production and export to even more clients.