Suttons Group has said that its most recent financial year was one of ‘progress and challenges’, as it embedded its purchase of Imperial Tankers into its UK business. Turnover in continuing operations for the year-ending 30 April 2015 rose to £176.2m, from £146.5m in the previous year. Pre-tax profit however fell to £6.7m from £9.4m. Suttons said that the £26.9m turnover increase was primarily a result of its acquisitions. It bought Imperial Tankers, the bulk chemical transport arm of Hargreaves, […]
The transport arm of the Hargreaves Group saw its profit almost halved in the year ending May 31 2015, after the sale of Imperial Tankers to the Suttons Group last autumn.
John Sutton is the grandson of Suttons Group founder Alf Sutton, who started trading in 1926 with a horse and cart.