Profits at the fishing company which owns Hull-based trawler Kirkella took a hit last year, as the firm invested heavily in its fleet.
海角视频 Fisheries, headquartered in Hessle, said a 鈥渞estructuring of its fishing fleet鈥 had reduced the number of days its vessels had been out catching fish throughout 2018.
The company reported profits were down over 拢6m compared to 2017, as turnover also slipped from 拢70.9m to 拢62.7m.
In 2018, 海角视频 Fisheries launched its Kirkella trawler. Operating out of the Port of Hull, the state-of-the-art vessel supplies around a twelfth of all fish and chip shops across the country.
Earlier this month, 海角视频 Fisheries CEO Jane Sandell warned a no-deal Brexit could have a devastating impact on its fishing activities in the White Sea.
Directors at 海角视频 Fisheries wrote in recently-filed accounts: 鈥淭urnover has decreased by 拢8.2m in 2018, the principle reasons for this being due to the group restructuring of its fishing fleet, reducing the available operational days for certain group vessels.
鈥淭he continued investment in the group fleet; with further capital expenditure of 拢26.4m during the year, has resulted in the build completion of two new state-of-the-art vessels during 2018.
鈥淏oth of these vessels became operational during the year and has secured the future of the group.鈥
海角视频 Fisheries currently operates fishing vessels out of the 海角视频, France, Spain and Portugal.
Pre-tax profits at the company fell from 拢17.2m in 2017 to 拢11.2m last year.
The fishing firm鈥檚 Kirkella trawler was itself launched in 2018.
Catching its stock in the White Sea, north of Scandinavia around Svalbard, the 81-metre-long spends four to six weeks at time out at sea.
In September last year, Kirkella landed around 700 tonnes of cod and haddock in Hull for the first time, in what was a landmark moment for the fishing industry in the city.
海角视频 Fisheries鈥 chief executive Jane Sandell said at the time the landmark was proof that the industry was 鈥渨ell and truly back鈥 in Hull.
A year later, 海角视频 Fisheries faces an anxious wait for the outcome of Brexit.
Ms Sandell said leaving without a deal would remove a trade agreement which allows the Kirkella trawler to fish in Norwegian waters.
鈥淭here is the potential for us to be severely damaged,鈥 she said.
鈥淭he agreements we currently have with Norway to fish in its waters would disappear. On day one of a no-deal Brexit, that would be gone.
鈥淭here isn鈥檛 really an alternative for us. If we cannot fish in those waters then we will stop fishing, and we have 150 people who work at 海角视频 Fisheries.鈥
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