24-11-2014 – The Seafast Group retains its status amongst the top 100 companies in Suffolk.

Suffolk’s leading companies have grown their pre-tax profits by more than a quarter in the past year, according to an annual report on how the counties 100 biggest firms are performing. Grant Thornton’s Suffolk Limited report, now in its 13th year, is based on a composite set of accounts compiled by the accountancy and business advice firm from the most recent annual returns filed by the 100 largest businesses, ranked by turnover, with their head offices in Suffolk. The underlying performance, excluding the 10 companies which have dropped out of this year’s list and those which have replaced them, was even stronger, with turnover up 4.9% and operating profit up 17.5%. James Brown, practice leader for Grant Thornton in Suffolk, said Suffolk Limited companies had tended to keep faith with their employees during the recession and this was now bearing fruit. The growth of the past year had also been achieved without any increase in gearing, indicating the investment was being funded out of cash stored up during tougher times. “It is not often the balance sheet is more exciting than the profit and loss,” he added. “Interest cover is nearly eight times, and there are not many counties that can say that at a time when we are still coming out of...

06-11-2014 – The future of shipping for St Helena Island – Seafast first to react.

The Seafast Group have once again been making the headlines in the remote south Atlantic island of St Helena, as a result of a recent fact finding visit by two of the Seafast Group’s senior shipping executives, Mark Scott and Gareth Player. With a population of 7,637 the island’s import and export activities are currently served by RMS St Helena, the last remaining dedicated Royal Mail ship and as it slowly ploughs its way through the south Atlantic, sailing between Cape Town, Ascension Island and St Helena, it would be tempting to say it represents the island’s lifeline, only for St Helenians it is even more than that. Mark and Gareth visited the island to undertake research prior to the Seafast Group’s possible bid for the tender replacement service for the RMS. With submissions due by the end of January, Mark commented, “We felt it was essential to visit St Helena to discuss the actual requirements of the people and local businesses, as well as talking to local importers about the challenges and complexities they face.” The successful bidder for the tender will be informed by April...