Seafood wholesaler set to ‘scale’ globally with six-figure HSBC UK funding package

A London seafood wholesaler is accelerating its growth in both international and domestic markets following a six-figure funding package from HSBC UK.

Dodi Seafood will utilise the funding from HSBC UK to import seafood from across the world, including India, China, Turkey, USA and Ecuador.

Currently based at Billingsgate Market, the company imports over 50 tonnes of fish a week and supplies restaurants, shops and retailers across the UK. The funding from HSBC UK will enable Dodi Seafood to expand its online presence and deliver seafood to customers throughout Europe.

The business expects the deal will allow it to hire four employees in roles, such as Wholesale Manager (Frozen) and Sales Manager (Frozen), with the company’s turnover anticipated to increase to £20m from 2024.

Zaheer Ahmed, CEO at Dodi Seafood, commented: “Since launching at Billingsgate market in 2012, we’ve established ourselves as a leading whole seafood supplier for businesses across the country.

“We’re delighted to be increasing our supply of seafood with the support of HSBC UK, which will allow us to build our international presence and set us on a journey for growth.”

Raj Yadav, Relationship Manager at HSBC UK, added: “As a nation, there has been an uptake in people opting for pescatarian diets, particularly due to the health benefits associated with eating fish. 

“Dodi Seafood is a well-established business, and we are proud to be supporting them in meeting the growing demand for seafood. This will not only help them grow domestically but also expand their reach internationally."

Founded in 2012, Dodi Seafood supplies a range of fresh and frozen seafood including Sea Bass, Sea Bream, Prawns, Lobsters and Salomon and many more. The company currently employs 15 people at its London headquarters.

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