The Port of Inverness held its Annual Meeting at Caledonian Stadium in Inverness earlier this month. At this well attended meeting the Port’s Annual Results for 2016/2017 were announced. Whilst turnover was slightly down to £1.423m, the surplus of £147,000 still represented a double digit return to stakeholders.
Presenting the results, Angus Mackenzie Chairman of Inverness Harbour Trust, also reported that almost £300,000 had been re-invested in upgrading and improving the facilities provided to existing and new port users. Mr Mackenzie went on to say, “Not only have re-invested a significant sum of money to further improve the facilities but the business has also generated nearly £200,000 in cash terms. As a Trust Port we have no access to external shareholders’ funds and have to re-invest any surplus into the business.” He further went on to say that the outlook for 2018 appeared good with a number of key project cargos expected into the port. He paid tribute to the dedication and hard work of all staff and thanked existing port users for all their support over the last year.
Also at the meeting, Chief Executive Sinclair Browne provided an update on the Strategic Plan that was launched at the 2016 meeting. He announced that a number of key milestones had been achieved and that the port had relaunched Harbour Gait – the development land around Inverness marina that is owned by the port. At the same time he was also hopeful that the port might be able to embark upon the preparation of a masterplan for its landholding out from the marina to and beyond the Kessock Bridge where there was the opportunity to create a first class waterfront development for the Highlands.