The company which holds the lease for Plymouth’s disused airport has made a loss of nearly £2m. Sutton Harbour Group Plc (SHG) has also been given longer to pay off £6.5m it owes to its bank as it prepares to sell King Point Marina.

The AIM-listed company today told investors it had made a pre-tax loss of £1.889m in the year to the end of March, 2025. This came after it made a £3.33m loss last year.

Philip Beinhaker, SHG’s executive chairman, said the company had faced “a number of challenges” particularly from the closure of Plymouth’s fish market, a reduction in the value of its assets, high interest rates and two costly legal battles - over the Barbican lock and the ex-airport. In his statement to the Stock Exchange he said SHG’s priority had been to sell off assets in order to pay

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