To ascend, climb and rise

Esken is developing valuable operating businesses in the aviation and energy from waste sectors.

It has two core assets; London Southend Airport and Stobart Energy. It also has a portfolio of non-core
assets.

Our focused strategy

Why invest

Our strategic framework

Strategic pillarsAviation progressEnergy progressFuture plans
We will deliver our growth ambitions by working closely with great partners.London Southend Airport enjoys valuable commercial partnerships with Ryanair, Wizz Air and its global logistics customer.Stobart Energy’s operations continue to mature with over 300 partners helping to source the waste fuel that it supplies to renewable energy
plants across the UK and Ireland.
Esken is supporting its Aviation division to develop its existing airline partnerships and seek new partners. It also helps to build further relationships with renewable energy plants.
Esken wants to attract great people and give them the support they need to flourish.London Southend Airport and Stobart Aviation Services has experienced management teams that have previously worked with Gatwick and Luton Airports as well as BA, Ryanair and easyJet.Stobart Energy refreshed its Board in 2020 to ensure it has the right skills in place to support its next phase of growth. Key appointments included a new Chief Executive and Chief Financial Officer.Esken is putting in place the right infrastructure to support great people. This includes a new set of people values, talent attraction and development systems, and improving its internal communications infrastructure.
We are investing in the right infrastructure to enable us to deliver our growth ambitions.In 2019-2020, London Southend Airport introduced a new, fully equipped logistics warehouse, automated boarding card readers, aircraft parking stands and extended the passenger walkway with pre-boarding zones.Stobart Energy completed the development of its 30,000-tonne Pollington storage site in 2020. The transport fleet has also been renewed with the majority of its 150 vehicles now under two years old.Funds coming into the business will be used primarily to develop London Southend Airport in step with passenger demand. Further funds will be used to maintain the Stobart Energy fleet and to invest in Group IT systems.
Our aim is to have businesses that reflect what customers want and increase the longevity of our commercial relationships.London Southend Airport has established a customer proposition based on delivering quick, easy and happy passenger experiences. The airport cemented its reputation by winning the AOA Best airport in Britain under 3mppa for the fourth time.Stobart Energy is identifying new opportunities to work alongside a strategic partner to utilise its existing infrastructure and reputation for delivering waste wood to supply different types of energy from waste materials to renewable energy plants.Esken is working to ensure it maintains a culture for delivering great customer experiences and a reputation for being a reliable partner.

Our strategic progress

Strategic InitiativesProgress
A focused aviation business operating under a new brand.In progressEsken changed its name from Stobart Group in February 2021 and is working towards its vision to become a pure play aviation business.
Design and implement an improved airport passenger experience for post-COVID-19 travel.DoneRevised airport passenger experience in place, including next generation baggage screening equipment designed to minimise queuing times and avoid bottlenecks.
Cash generative energy business primed for realisation of shareholder value.In progressEsken is reviewing all strategic options to realise value from Stobart Energy in 2022.
Stobart Air is designated non-core.In progressEsken is in the processs of exiting Stobart Air.
Withdraw from the Rail & Civils business during the course of FY21.DoneEsken divested of Stobart Rail & Civils to Bavaria Industries Group AG in July 2020.
All other non-core businesses or assets will be realised for value over the next three years.In progressEsken continues to retain c.£40m of non-core assets and will realise value over the next year three years.