News & Events

Here you will find the latest information on news, archived press releases, statements from our Chief Executive, presentations and events as well as our corporate communications contacts.

Preliminary results for the year ended 31st March 2016

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 2016.

Highlights

·      Resilient trading in line with expectations

·      Re-financing of bank facilities on improved terms

·      Completion of harbour and fisheries infrastructure programme

·      Good progress with advancing current development opportunities

·      Appointed Rothschild to undertake a strategic review of options (21 April 2016) which  could include a sale of the Company

Financial

·      Adjusted profit before tax* up 18.2% to £0.410m (2015: £0.347m)

·      Profit before tax £1.590m (2015: £0.861m)

·      Net assets  £40.9m (2015: £40.5m) or 42.4p (2015: 42.0p) per share

·      Year-end net debt £22.2m (2015: £21.5m); gearing: 54.4% (2015: 53.0%)

*Before accounting for impairments and fair value adjustments on investment property and property, plant and equipment

Graham Miller, Chairman, commented:

“Our trading businesses continue to prove resilient and the recent investments we have made in facilities and infrastructure around the harbour underpin our future core profitability. The medium term value growth potential of our portfolio of development sites remains significant.

The recent Brexit vote will cause short term uncertainty for many companies; however we do not believe it diminishes the intrinsic value of our business and we are pleased to have refinanced the Group’s debt on improved terms with our incumbent bank.”

Full results can be viewed here

Warm weather creates ‘perfect breeding ground for algae’

Destination Fisheries Marina

The recent high temperatures have caused algae to bloom in Plymouth’s waterfront, including Sutton Harbour.

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French sailing race returns to Sutton Harbour

Destination Marina

Sutton Harbour will host another international sailing event this summer, just months after Plymouth’s historic waterfront was the setting for world-famous sailing race The Transat bakerly. (more…)

Plymouth Fisheries welcomes new ethical fishmonger business

Fisheries

A pioneering ethical fishmonger business helping to support local fishermen has opened its first hub in Plymouth.

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Pre-Close Announcement, Strategic Review and Commencement of Offer Period

Corporate

Sutton Harbour Holdings plc announces its pre-close trading update for the year ended 31 March 2016.

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RNS Notification to Shareholders in accordance with FRS 101

Corporate

4 April 2016
SUTTON HARBOUR HOLDINGS PLC
(“Sutton Harbour Holdings” or “the Company”)
Notification to Shareholders in accordance with FRS 101
On 1 April 2016, the Company posted a letter to shareholders, the full text of which is set out below:

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Sutton Harbour swing bridge to close for repairs

Corporate Destination

The Sutton Harbour pedestrian bridge will be closed for three days in April to enable necessary maintenance work to take place.

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Renewed and extended bank facilities

Corporate

The Company is pleased to report that it has renewed and extended bank facilities with Royal Bank of Scotland on improved terms for a three year period commencing March 2016.

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Sutton Harbour lock gates to be repaired

Corporate Fisheries Marina

Repairs to the lock gates at Sutton Harbour in Plymouth will begin next month and continue into March.

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