News
Suttons – a positive year
Despite adverse economic conditions in Europe and the US, the Group continued to grow as a result of its range of services and the geographical diversity of its operations. Sutton’s focus on efficiency and utilisation also led to operating profit growth of 7.1% to £8.4m.
The company’s UK division, incorporating road tankers, warehousing and drumming operations, saw growth from new and existing customers. The Group also replaced a number of its vehicles and road tankers, representing a considerable investment in the future development of the Road Tankers division.
CEO, John Sutton, said: “This last year has been positive for the Group. We have increased our turnover, margin and operating profit despite challenging conditions. We have also invested significantly in both our UK road tanker and international ISO tank fleets, ensuring our customers continue to receive the highest standards of service in the industry.
“Highlights of the year include new business wins and contract extensions for our UK Tankers Division, significant progress in Asia and an important contract for our joint venture Suttons Arabia.”