Preliminary results for the year ended 31st March 2017

Corporate

Sutton Harbour Holdings plc (“Sutton Harbour”, “the Company”), the AIM listed waterfront regeneration and destination specialist, announces preliminary results for the year ended 31 March 2017.

Highlights

  • Heads of terms signed with major contractor/developer for the Sugar House (East Quays) site
  • DfT Report on Plymouth Airport supportive of Company position that former airport site cannot deliver viable commercial air services
  • Submission of representations to the public consultation of the Plymouth and South West Devon Joint Local Plan in respect of the former airport site and Sutton Harbour area
  • Record year for Plymouth Fisheries Hub: £19.7m fish throughput value

Financial

  • Solid performance across trading activities
  • Adjusted profit before tax* £0.331m (2016: £0.410m)
  • Net financing costs down 9.5% to £0.96m (2016: £1.06m)
  • Net Assets £40.1m (2016: £40.9m)
  • Year-end net debt £22.5m (2016: £22.2m)

Full results can be viewed here