In a damning indictment of Cumbrian Seafoods’ performance and future prospects, a report from its administrators reveals only one company, Young’s Seafood owner Lion Capital, was interested in making an offer for the business. You have to wonder if Lion Capital is regretting its decision.

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The administration report from PricewaterhouseCoopers (PwC) states only one party, Lion Capital, submitted an offer for Cumbrian when a pre-packed administration sale was considered the only option for a sale.

This follows the engagement of KPMG on Oct.