About Sutton Harbour Group PLC
Sutton Harbour Group PLC
Sutton Harbour Group plc owns and operates Sutton Harbour, Plymouth’s historic waterfront and top UK visitor destination offering some of the region’s most popular visitor attractions, events calendar, and best-loved bars, restaurants and cafes amidst cobbled streets awash with maritime history.
Sutton Harbour’s businesses include: Plymouth Fisheries, one of the top three fish markets in England; Sutton Harbour Marina & King Point Marina; Property investment and regeneration; Car parking facilities in the harbour.
Sutton Harbour Group is leading the regeneration of the waterfront in Britain’s Ocean City. New mixed-use developments will deliver the beauty of marina living in beautifully designed surroundings overlooking the historic harbourside and close to the heart of the city centre.
Investors – AIM Rule 26
Welcome to our Investor Centre. Sutton Harbour Group plc is quoted on the AIM market of the London Stock Exchange plc.
Sutton Harbour Group plc is subject to the UK City Code on Takeovers and Mergers. Here we aim to provide general information for existing and potential investors.
Sutton Harbour Group Plc is a company incorporated England and Wales, and its main country of operation is the United Kingdom.
Natasha Gadsdon
Finance Director & Company Secretary
Email: n.gadsdon@sutton-harbour.co.uk
Tel: 01752 204186
What we do
Sutton Harbour Group plc, quoted on the AIM market of the London Stock Exchange plc since 1996, is the parent company of a number of subsidiary companies including:
- Plymouth Fisheries, one of the top three fish markets in England
- Sutton Harbour Marina and King Point Marina at Millbay
- Businesses engaged in waterfront property investment
- Various car parking facilities in Plymouth
Plymouth City Airport Limited, the company holding the legal interest of the former airport site. Sutton Harbour Group plc is leading the widespread regeneration of the waterfront in Britain’s Ocean City, with prestigious mixed-use developments created alongside the leading 5 Gold Anchor Marina to establish a strong coastal destination.
Sutton Harbour Group plc has a proven track record of delivering high quality regeneration through an ambitious, passionate and professional approach combining flexibility with partnership working, and a determination to deliver quality at every step.
Objectives
- To develop a mix of activities for long term sustainable growth and to provide a balanced risk profile.
- To provide a secure investment proposition in a profitable company with a strong asset base.
- To build on the group’s strength as a specialist in waterfront destination regeneration in the south west regions.
- To develop and build the group’s income-earning asset portfolio.
- To provide a progressive dividend return to shareholders in the medium term.
Our People
Philip Beinhaker
Executive Chairman
Philip Beinhaker was appointed a Non Executive Director and Non Executive Chairman in January 2018 and the Executive Chairman in April 2018. Philip is one of two individuals on the executive committee of FB Investors. He served as co-founding partner and CEO of IBI Group, a world-leading firm in architecture, engineering and project management from its formation in 1974 until 2004. In 2004, Philip Beinhaker led the company’s flotation on the Toronto Stock Exchange and became the sole CEO and Chairman Director. In 2013, Philip Beinhaker retired from the position of CEO and then served as a senior director of IBI Group Management Partnership until 31 December 2017. He continues to lead some major projects on behalf of the firm. Philip Beinhaker, through the Beinhaker group of companies has led numerous real estate developments as development manager, developer and principal throughout Canada, the United States, Israel, Germany and other locations.
Tel: 01752 204186
Corey Beinhaker
Executive Director and Chief Operating Officer
Corey Beinhaker was appointed Chief Operating Officer in October 2019 and he is the second Director nominated to the board by FB Investors LLP, which has a 72.65% holding in the Company’s share capital. During 2018 and 2019, before appointed a director, Corey worked closely with the Group, initially through Beinhaker Design Services Limited and then as an employee from July 2019. Prior to his involvement with Sutton Harbour Group. Corey Beinhaker worked for IBIB Group Consultants (Israel) Limited from 2010 to 2017 latterly as its chief executive officer where he, amongst other things, was contract manager for a number of significant projects including the Tel Aviv Red 10 Line Underground Station design and the design and technical specification for the traffic management for the inter-urban network in Israel.
Graham Miller
Non Executive Director
Following a 20 year career in private equity and industry, Graham has operated as an Independent Director since 2008. He became Chairman of Sutton Harbour Group plc in September 2013, stepping down from this position in January 2018 to become Senior Independent Non Executive Director. He also chairs the Audit Committee. He is Non-Executive Chairman or Director of several privately owned businesses and is also Chairman of Maven Income and Growth VCT 5 plc.
Tel: 01752 204186
Sean Swales
Non Executive Director
Sean was appointed to the Board of Directors in December 2009 as Non-Executive Director. He is Group Managing Director of Rotolok (Holdings) Limited. Sean is also a member of the Audit and Remunerations Committee.
Email: n.gadsdon@sutton-habrour.co.uk
Tel: 01752 204186
Natasha Gadsdon
Finance Director / Company secretary
Natasha was appointed as Executive Director in December 2004 and Finance Director in October 2004. Natasha is a chartered accountant who joined the Company in 1996, and she has been Company Secretary since 2001.
Email: n.gadsdon@sutton-harbour.co.uk
Tel: 01752 204186
Michael Jones
Financial Controller
Michael a chartered management accountant, joined Sutton Harbour Group plc in 2018 as Financial Controller. Michael has previously worked in various industries including the commercial property sector, financial services and media.
Email: m.jones@sutton-harbour.co.uk
Tel: 01752 204709
Mark Veale
Harbour Master
Mark is a former Royal Navy officer who joined Sutton Harbour Group plc in 2021 after serving as Assistant Harbour Master in Looe for seven years. Mark is the company’s Harbour Master with overall responsibility for the operation of the Sutton Harbour and the lock.
Email: m.veale@sutton-harbour.co.uk
Tel: 01752 204730
Mark Brimacombe
Marina Manager
Mark manages the marinas owned and operated by Sutton Harbour Group plc, including those within the harbour itself and King Point Marina at Millbay. Mark has been with Sutton Harbour Group plc since 1999.
Email: m.brimacombe@sutton-harbour.co.uk
Tel: 01752 204702
Shareholder Information
Shareholder and Aim Rule 26 Information
Please find below links to core management and financial information and has been designed to comply with the requirements of Rule 26 of the AIM Rules for Companies – ‘Company Information Disclosure’.
The information on this page is disclosed in accordance with Rule 26 of the AIM Rules for Companies. Last updated on 4th May 2023.
Significant Shareholders
The Company has 142,938,478 ordinary shares in issue with no ordinary shares held in treasury. There are no restrictions on the transfer of the Sutton Harbour Group plc AIM securities. Other than AIM, the company’s shares are not admitted to or traded on any other exchanges or trading platforms. In so far as the company is aware, the percentage of AIM securities that is not in public hands is 90.793%. The Company’s register of shareholdings as at 4th May 2023 showed the following interests in 3% or more of the Company’s share capital:
Major Shareholder information
| Name | Amount | % Holding |
|---|---|---|
| FB Investors LLP | 107,741,157 | 75.38 |
| Crystal Amber Fund Limited | 13,978,650 | 9.78 |
| Rotolok (Holdings) Limited | 7,409,996 | 5.18 |
Directors Interests
The interests of the Directors in the ordinary shares of the Company as at 4th May 2023 are set out below:
| Name | Amount | % Holding |
|---|---|---|
| G Miller | 610,762 | 0.427 |
| N Gadsdon | 27,838 | 0.019 |
| S Swales | 10,000 | 0.007 |
The Company’s Executive Chairman, Philip Beinhaker, and Chief Operating Officer, Corey Beinhaker, have no direct shareholdings in the Company. FB Investors LLP, a company in which Beinhaker Design Services Limited represents 50% of the holdings and is controlled by the Beinhaker family, including Philip Beinhaker and Corey Beinhaker, each a Director of the Group, holds 107,741,157 shares (75.38%) in Sutton Harbour Group Plc.
Other Interests
Subject to satisfying the terms of a Company Share Option Plan, three employees hold options over 237,972 ordinary shares, of which 143,340 relate to N.Gadsdon.
QCA Statement
Click here to view and download our QCA StatementCorporate Advisors
Nominated Advisor & Nominated Broker
Strand Hanson
26 Mount Row
Mayfair
London
W1K 3SQ
Independent Auditors
PKF Francis Clark
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE
Bankers
National Westminster Bank plc
Registrar
Computershare Services plc
PO Box 82
The Pavilions
Bridgwater Road
Bristol
BS99 7NH
Documentation
2024 Annual Report
2023 Annual Report
2022 Annual Report
2021 Annual Report
2020 Annual Reports
2017 Annual Reports
1 Micro-site
1.1 You are entering the area of this website (“Micro-Site”) that is designated for the publication of the circular (“Circular”), which sets out the terms and conditions of the Open Offer by Sutton Harbour Holdings plc (“Company”) of Open Offer Shares.
ACCESS TO THE MICRO-SITE MAY BE UNLAWFUL UNDER
THE SECURITIES LAWS OF CERTAIN JURISDICTIONS
1.2 Please read this notice carefully as it applies to all persons who view the Micro-Site and, depending upon who you are and where you live, it may affect your rights. This notice and the Circular may be altered or updated from time to time, and should be read carefully each time you visit the Micro-Site.
1.3 The distribution of the Circular in certain jurisdictions may be restricted by law and therefore persons into whose possession these documents come should inform themselves about and observe any such restrictions. Persons (including, without limitation, nominees and trustees) receiving this document should not distribute or send it into any jurisdiction when to do so would, or might, contravene local securities laws or regulations. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
1.4 The Open Offer Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the “US Securities Act”) and may not be offered, sold or delivered in, into or from the United States, or to, or for the account or benefit of U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. This notice and the Circular do not constitute an offer of Ordinary Shares to any person with a registered address, or who is resident, in the United States, or who is otherwise a “U.S. person” as defined in Regulation S under the US Securities Act. There will be no public offer of Open Offer Shares in the United States. Outside of the United States, shares to be issued as part of the Open Offer are being offered in reliance on Regulation S promulgated under the US Securities Act. The Open Offer Shares have not been approved or disapproved by the US Securities and Exchange Commission, or any other securities commission or regulatory authority of the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering of the Open Offer Shares nor have they approved this document or confirmed the accuracy or adequacy of the information contained in this document. Any representation to the contrary is a criminal offence in the US.
1.5 The Open Offer Shares will not qualify for distribution under the relevant securities laws of Australia, Canada, the Republic of South Africa or Japan, nor has any prospectus in relation to the Open Offer Shares been lodged with, or registered by, the Australian Securities and Investments Commission or the Japanese Ministry of Finance. Accordingly, subject to certain exemptions, the Open Offer Shares may not be offered, sold, taken up, delivered or transferred in, into or from the Australia, Canada, Japan, the Republic of South Africa and the United States or any other jurisdiction where to do so would constitute a breach of local securities laws or regulations (each a “Restricted Jurisdiction”) or to or for the account or benefit of any national, resident or citizen of a Restricted Jurisdiction.
1.6 The Circular does not constitute an offer to issue or sell, or the solicitation of an offer to subscribe for or purchase, any Ordinary Shares to any person in a Restricted Jurisdiction and is not for distribution in, into or from a Restricted Jurisdiction.
1.7 The Circular may not be accessed either in whole or in part by any person in a Restricted Jurisdiction. If you are resident or located in a Restricted Jurisdiction you must not access the Micro-Site.
2 Responsibility
2.1 The only responsibility accepted by the directors of the Company (Directors) for the Circular is for the correctness and fairness of its reproduction or presentation, unless the responsibility statement in any relevant document expressly provides otherwise.
2.2 None of the Directors, the Company or its affiliated companies have reviewed and none of them is responsible for, or accepts any liability in respect of, any information on any other website that may be linked to this website or the Micro-Site by a third party.
2.3 The Circular speaks only at the specified date of its issue and the Company does not have, and accepts no, responsibility or duty to update it other than to the extent such duty arises as a matter of law.
2.4 If you are in any doubt about the Circular or the action you should take, you should seek your own financial advice from an independent financial adviser authorised under the Financial Services and Markets Act 2000 or, if you are located outside the United Kingdom, from an appropriately authorised independent financial adviser.
3 Acceptance of Disclaimer
By clicking on “Download now” below, you hereby acknowledge that you have read and understood the notice set out above.
Micro-site
1.1 You are entering the area of this website (“Micro-Site”) that is designated for the publication of the circular (“Circular”), which sets out the terms and conditions of the Open Offer by Sutton Harbour Holdings plc (“Company”) of Open Offer Shares.
ACCESS TO THE MICRO-SITE MAY BE UNLAWFUL UNDER THE SECURITIES LAWS OF CERTAIN JURISDICTIONS
1.2 Please read this notice carefully as it applies to all persons who view the Micro-Site and, depending upon who you are and where you live, it may affect your rights. This notice and the Circular may be altered or updated from time to time, and should be read carefully each time you visit the Micro-Site.
1.3 The distribution of the Circular in certain jurisdictions may be restricted by law and therefore persons into whose possession these documents come should inform themselves about and observe any such restrictions. Persons (including, without limitation, nominees and trustees) receiving this document should not distribute or send it into any jurisdiction when to do so would, or might, contravene local securities laws or regulations. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
1.4 The Open Offer Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the “US Securities Act”) and may not be offered, sold or delivered in, into or from the United States, or to, or for the account or benefit of U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. This notice and the Circular do not constitute an offer of Ordinary Shares to any person with a registered address, or who is resident, in the United States, or who is otherwise a “U.S. person” as defined in Regulation S under the US Securities Act. There will be no public offer of Open Offer Shares in the United States. Outside of the United States, shares to be issued as part of the Open Offer are being offered in reliance on Regulation S promulgated under the US Securities Act. The Open Offer Shares have not been approved or disapproved by the US Securities and Exchange Commission, or any other securities commission or regulatory authority of the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the offering of the Open Offer Shares nor have they approved this document or confirmed the accuracy or adequacy of the information contained in this document. Any representation to the contrary is a criminal offence in the US.
1.5 The Open Offer Shares will not qualify for distribution under the relevant securities laws of Australia, Canada, the Republic of South Africa or Japan, nor has any prospectus in relation to the Open Offer Shares been lodged with, or registered by, the Australian Securities and Investments Commission or the Japanese Ministry of Finance. Accordingly, subject to certain exemptions, the Open Offer Shares may not be offered, sold, taken up, delivered or transferred in, into or from the Australia, Canada, Japan, the Republic of South Africa and the United States or any other jurisdiction where to do so would constitute a breach of local securities laws or regulations (each a “Restricted Jurisdiction”) or to or for the account or benefit of any national, resident or citizen of a Restricted Jurisdiction.
1.6 The Circular does not constitute an offer to issue or sell, or the solicitation of an offer to subscribe for or purchase, any Ordinary Shares to any person in a Restricted Jurisdiction and is not for distribution in, into or from a Restricted Jurisdiction.
1.7 The Circular may not be accessed either in whole or in part by any person in a Restricted Jurisdiction. If you are resident or located in a Restricted Jurisdiction you must not access the Micro-Site.
2. RESPONSIBILITY
2.1 The only responsibility accepted by the directors of the Company (Directors) for the Circular is for the correctness and fairness of its reproduction or presentation, unless the responsibility statement in any relevant document expressly provides otherwise.
2.2 None of the Directors, the Company or its affiliated companies have reviewed and none of them is responsible for, or accepts any liability in respect of, any information on any other website that may be linked to this website or the Micro-Site by a third party.
2.3 The Circular speaks only at the specified date of its issue and the Company does not have, and accepts no, responsibility or duty to update it other than to the extent such duty arises as a matter of law.
2.4 If you are in any doubt about the Circular or the action you should take, you should seek your own financial advice from an independent financial adviser authorised under the Financial Services and Markets Act 2000 or, if you are located outside the United Kingdom, from an appropriately authorised independent financial adviser.
3. ACCEPTANCE OF DISCLAIMER
By clicking on “Download now” below, you hereby acknowledge that you have read and understood the notice set out above.
Circular: Download now
The Company is obliged by law to make its share register publicly available and, as a result, some shareholders may receive unsolicited mail. In addition, many companies have become aware that their shareholders have received unsolicited phone calls or correspondence, typically from overseas ‘brokers’, concerning investment matters.
These callers can be very persistent and extremely persuasive and their activities have resulted in considerable losses for some investors. It is not just the novice investor that has been deceived in this way; many of the victims have been successfully investing for several years. Shareholders are advised to be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports. Please keep in mind that firms authorised by the FCA are unlikely to contact you out of the blue with an offer to buy or sell shares.
If you receive any unsolicited mail or investment advice:
- make sure you get the correct name of the person and organisation
- check the Finance Conduct Authority (FCA) Financial Service Register to ensure they are authorised at www.fca.org.uk/consumers
- use the details on the Financial Services Register to contact the firm
- call the FCA Consumer Helpline on 0800 111 6768 if there are no contact details on the Register or you are told they are out of date
- beware of fraudsters claiming to be from an authorised firm, copying its website or giving you false contact details
- search the list of unauthorised firms and individuals to avoid doing business with them and report a share scam or unauthorised firm by telling the FCA using the share fraud reporting form at www.fca.org.uk/scams
- if the unsolicited phone calls persist, hang up
- if you wish to limit the amount of unsolicited mail you receive, contact The Mailing Preference Service, FREEPOST 29 (LON20771), London W1E 0ZT or visit the website at www.mpsonline.org.uk
If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme. If you have already paid money to share fraudsters you should contact Action Fraud on 0300 123 2040.
