17-02-2015 – Seafast Announcement.

I am pleased to announce that last week we completed a transaction that sees Uniserve Holdings Limited, become a 50% Shareholder in Seafast Holdings Limited. Uniserve’s investment was lead by Iain Liddell the owner of Uniserve Group and a well-respected figure in global freight and supply chain services. I encouraged the Uniserve investment for a number of reasons, these being: Firstly Seafast’s 9 year involvement in serving ISAF Forces with the provision of shipping and logistics services, each to and from Afghanistan, draws to completion in the coming months, it facilitates Pete Allsop with the opportunity to retire from the business.  Pete sold his 50% shareholding in Seafast, to Uniserve Holdings. Secondly it enables Seafast Group to further develop its business, specifically its unique service offerings in Reefer shipping and Port Centric handling, via the Port of Felixstowe, and its focus upon remote and difficult to serve Regions of the World.  There will be no change to this business strategy but rather it will be enhanced under the new Shareholder structure, as we look to expand our Temperature Controlled Handling Facility over the course of this and next year. Uniserve are investing over a £100 million in the development of a brand new Felixstowe “Super DC” on land that they own alongside the A14 just outside the dock entrance. I will retain my 50% Shareholder and continue to be the Group’s Chief Executive Officer. Iain and I have agreed a long term business plan and strategy, which mean Seafast will maintain its focus but with accelerated growth.  There are many complimentary services and facilities offered by Seafast and Uniserve...