Hutton’s, the UK’s leading ship supplier, has demonstrated it is weathering the maritime industry recession by recording year end figures which exceeded its target and are 23% up on last year’s figures.
The company reports that its annual sales for 2009-10 were above its £7.2 million target. Sales for the previous year amounted to £5.6 million.
Managing Director Alex Taylor 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.”
Key areas contributing to the Hutton’s rise in sales have been the growth in its supply of the offshore and windfarm markets particularly in the ports of Aberdeen, Leith, Great Yarmouth and Tees, and the opening of the new LNG terminal at The Dragon in Milford Haven, where Hutton’s, last year expanded its business by acquiring former Pan Europe Ship Supply Ltd.
Alex Taylor believes the company’s adaptability and willingness to meet customer’s needs is key to its survival: “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.”