Mark Holyoake has decided that it was time to step down from Iceland Seafood International, a global seafood partner that has been in business for nearly a century now. In the past, he has had multiple accusations that it was him that led to the downturn of firm British Seafood International.
Holyoake was born back in 1972. While at the University of Reading, he studied real estate and entered the real estate business out in London in the 1990s. In 2006, Holyoake founded his own firm, Oakvest. His firm deals with developing, buying, and managing real state in the United Kingdom, both commercial and residential. Holyoake also has another business called International Seafood Holdings, abbreviated as ISH.
Back in 2010, Mark Holyoake decided to purchase shares of Iceland Seafood International, being the largest shareholder for a good amount of time. Recently, he owned a 45% stake of the company. Recently, International Seafood Holdings has since sold off most of its shares of ISI to different players in the global seafood market. They now only own about 25% of stake in the company. However, ISH will still remain the largest shareholder in the company.
However, Holyoake has been under some criticism within recent years. As I said, he has been blamed for the downturn of British Seafood International after cases of fraud were brought up. The firm had over 250 million British pounds in debt. Next, he lost his lawsuit between Christian and Nick Candy. Holyoake blames the Candys for misconducting the 12 million dollar loan and vice versa. However, when they took it to court, Holyoake had to pay the Candys 5.7 million when it was all said and done. The judge called all three men liars.
In the end, Holyoake doesn’t have the best business record but is really trying to change it around with ISI and ISH. He is looking forward to the new shareholders and what they have to bring to the firm. One’s past doesn’t always have to equal one’s future. I believe Holyoake will get over his business failures and lost a lawsuit and emerge as a successful business magnate.
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