Leading UK ship supplier Hutton’s has recorded year end figures which are 23% up on last year’s results.
The company has confirmed that annual sales for 2009-10 were above its £7.2 million target. Sales for 2008-9 amounted to £5.6 million.
Alex Taylor, managing director said: “This is an exceptional achievement made possible by the hard work and dedication from all the Hutton’s team. Hutton’s continues to go from strength to strength.
“We know our customers are having to watch their budgets and we are striving to supply goods at the best possible prices without reducing quality. We have seen some reductions in the number of more luxury goods being purchased – like chocolate for example – but overall we are seeing a commitment from ship owners and managers to maintaining a healthy and happy onboard regime for their crews at this time.”
Factors contributing to this rise in sales include the growth in Hutton’s supply of the offshore and wind farm markets in the ports of Aberdeen, Leith, Great Yarmouth and Tees. In 2009, the company also opened its new LNG terminal at The Dragon in Milford Haven and expanded its business by purchasing former Pan Europe Ship Supply Ltd.