Organic cod supplier No Catch has fallen into administration.

The business, which has listings in Tesco, Sainsbury's, Morrisons and independent retailers, went into administration yesterday, with debts of £40m, according to the Financial Times.

Its administrators Grant Thornton have said there are a number of parties interested in the business. “Business is continuing as usual and it is looking good for it being sold as a going concern,” said joint administrator Daniel Smith.