Shellfish firm invests in south London move

By Rod Addy contact

- Last updated on GMT

Saggiomo is concentrating its office space, cold rooms and processing facilities at the Croydon site
Saggiomo is concentrating its office space, cold rooms and processing facilities at the Croydon site
Shellfish processor Saggiomo Luxury Foods has secured £90,000 from HSBC UK, which it has invested in consolidating its operations in Croydon, having moved from Mitcham in south-west London.

The company has relocated to the Beddington Industrial Estate amid plans to improve efficiencies and expand overseas.

Previously spread across multiple sites, the supplier said the concentration of its office space, cold rooms and processing facilities on the estate would enable all processing and distribution to be managed from a single site.

It hoped the decision would help it achieve its targets to boost turnover by 25%, significantly cut costs and invest in exports.

China, New Zealand

“Thanks to HSBC’s support, we’ve been able to unify our business, which will drive cost efficiencies and make our operations more effective,”​ said Paolo Moresco, co-owner of Saggiomo Luxury Foods. “It also means we’re in a better position to start looking at export opportunities, and we’re currently exploring our options in China and New Zealand.”

Lucy Wynn, HSBC UK’s area director for business banking in south London, said: “Saggiomo Luxury Foods has gone from strength to strength over the last few years and is now well-established in the UK as a leading supplier of quality shellfish. We look forward to supporting the business further as it seeks to build on its endeavours here and expand internationally.”

Saggiomo Luxury Foods sources and delivers organic shellfish to privately-owned companies, as well as customers including Reynolds, Seafood Holdings and M&J Seafood.

The company was founded in 2001 in Italy by Gerardo Saggiomo, where it specialised in seafood purification. In 2007, Saggiomo set up the UK company, which he owns with Paolo Moresco, supplying sustainably sourced and purified shellfish. 

Related topics: Meat, poultry & seafood

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