Sutton Harbour sells assets - as harbour lock gate breaks again

The Sutton Harbour group has announced it has sold two more of its assets as it attempts to reduce its bank loan - but it hasn’t revealed details.

It comes as the outer lock gate at Sutton Harbour broke again - prompting MP Luke Pollard to write to the Environment Agency to call for immediate repairs.

Late last Sunday (June 29) fishermen and women received a notice explaining the fault. Works had been scheduled on the pedestrian bridge this week but there was no mention of the gates in those communications.

Mr Pollard said: “Ever since I was elected, I’ve been campaigning to get these lock gates properly fixed. Time and time again they have broken. Every time they break it’s fishers who suffer.”

Meanwhile Sutton Harbour Group plc announced the completion of two unnamed asset sales, generating gross proceeds of £2.675 million, which have been used to reduce the company’s bank loan.

Last December the company was reported stating it was “hopeful of agreeing a deal to sell King Point Marina and six other assets as part of its need to reduce debt to a manageable level.”