Peel Ports accounts published.
25th February, 2013
Operator of the Port of Heysham, Peel Ports, recently published their accounts which show that the business is carrying a £1bn debt burden, some of which is not due to be repaid until the middle of the century, new figures show.
The latest accounts filed at Companies House for Peel Ports Shareholder Finance Co, covering the year to March 2012, show total debts of £1.25bn, up from £1.23bn the year before. This includes bank debt of £1bn, almost the same as 2011.
Around 62.3m tonnes of cargo passed through Peel-owned ports which, as well as Liverpool and Manchester Ship Canal, include Twelve Quays at Birkenhead, Medway, Heysham, Hebburn, Belfast and Dublin. The same figure last year was 57m.