EMC facilitates debt financing for Surrey’s Ocean Harvest Technology

Published by

Daniel Face

Image: London Stock Exchange

Ocean Harvest Technology Group (OHT), a researcher, developer and supplier of blended seaweed products for the animal feed industry, has secured new debt financing with the help of EMC Corporate Finance.

Based in Reigate, Surrey, OHT is set to accelerate growth as it seeks to improve the efficiency and sustainability of the animal feed chain.

Last month, the business reported a 28 per cent increase in sales revenues from its proprietary OceanFeed product for the year ended 31 December 2023.

CEO Mark Williams said: “This financing represents a pivotal moment for OHT as we continue to pioneer commercial development of our seaweed blended additives to generate benefits in animal nutrition.

“With the support of Paul and the team at EMC Corporate Finance, we are well-positioned to capitalise on emerging opportunities and further enhance our leadership in the industry."

Paul Hird, lead advisor at EMC, added: “We’re thrilled to have partnered with OHT in this endeavour.

“The transaction underscores our commitment to delivering tailored financial solutions that empower companies to achieve their strategic objectives.

“We look forward to witnessing OHT’s continued success and impact on the global stage.”

Daniel Face

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL. Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience. Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.