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Firm 'could be looking to sell off some land'
The Herald
|December 11, 2025
SUTTON HARBOUR GROUP ANNOUNCES £474,000 LOSS
THE company which holds the lease of Plymouth’s disused airport has made a pretax loss of £474,000 over six months and has until March to pay its bank £6.5m.
Sutton Harbour Group Plc (SHG) is now looking at selling off some of its land and said a buyer is interested in other assets, thought to include Millbay's King Point Marina.
The AIM-listed company's interim results for the half year to the end of September show gross profit had fallen to £1.259m from £1.328m in the same period last year, but its pretax loss was down from £825,000 at this time in 2024.
Net assets have fallen to £34.63m from £35.1m but net debt has also reduced to £26.061m from £26.809m in the same six months in 2024.
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