The latest announcement is out from Sutton Harbour Holdings ( (GB:SUH) ).
Sutton Harbour Group plc has extended its unsecured loan agreement with Beinhaker Design Services Ltd by an additional £0.74 million, bringing the total principal outstanding to £6.29 million. This extension is intended to provide additional cash flow headroom until targeted property disposals are completed. The loan carries a fixed 8% gross annual interest rate, with the option to roll up interest at 10%, and is repayable in portions starting from August 2025. The transaction is considered a related party transaction due to the significant holdings of FB Investors LLP, controlled by the Beinhaker family, in Sutton Harbour. The company’s directors, excluding those with potential conflicts of interest, have deemed the terms fair and reasonable for shareholders.
More about Sutton Harbour Holdings
Sutton Harbour Group plc is an AIM quoted company specializing in marine operations, waterfront regeneration, and destination creation in Plymouth and South West England. The company operates Sutton Harbour Marina, King Point Marina, and Plymouth Fisheries, with activities including mixed-use lettings, car parking, support services to harbour users, property management, and asset enhancement. Sutton Harbour aims to be the leading marine and waterfront regeneration specialist in Southern England, positioning Sutton Harbour in Plymouth as a destination of national interest.
YTD Price Performance: -6.45%
Average Trading Volume: 13,539
Technical Sentiment Signal: Buy
Current Market Cap: £10.36M
See more data about SUH stock on TipRanks’ Stock Analysis page.