© Billund Aquaculture
Billund aquaculture – a specialist supplier of RAS technology to the aquaculture sector – has announced that it has filed a petition for bankruptcy following a struggle to source capital to keep the company afloat.
The Covid pandemic significantly impacted the company’s financial situation and, even following changes to the operational practices of the company, the board announced that they faced no other viable options at this stage due to continued challenges.
“Unfortunately, there have been too many challenges from previous operations, which made it difficult to find sufficient capital for further operation,” said Kristoffer Lund, Billund Aquaculture managing director, in a press release.
“Based on this, the board has concluded that there is no basis for further operation. Efforts will now be made to find the best possible solutions for all our employees, customers and creditors,” he concluded.
