The largest fish market in the southern hemisphere is reportedly close to financial collapse.
The Sydney Fish Market (SFM) is confronting an $8m loss for 2023-24, according to The Sydney Morning Herald, and the company has allegedly brought in insolvency experts.
The financial breakdown comes as the legendary auction site and retail zone prepares to move from its traditional home in Pyrmont to a new $836m space on the other side of Blackwattle Bay.
The SFM is a private company jointly held by the Catchers Trust of NSW, which represents the state’s commercial fishermen, and the Sydney Fish Market Tenants and Merchants, which represents the market’s sellers.
The company posted a $6.3m loss for 2022-23 and auditors have allegedly…
