Investegate |Sutton Harbour Grp Announcements | Sutton Harbour Grp: Company Update

Company Update
Trading Update
The Company reports that the trading results for the financial year ended 31 March 2021 will reflect the effects of the restrictions imposed by the UK Government to control the spread of Coronavirus. During the Lockdown imposed across the whole of the fourth quarter, the impact was similar to that of the Spring/Summer 2020 restrictions. Car parks revenues, an important cash generating activity for the Company, fell to minimal levels and fisheries activity was slow, whilst the marinas maintained their resilient performance and rent collections were steady through the period, with a small number tenants failing to meet their rental obligations.

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