Terra Firma props up Wyevale Garden Centres No 19 Most Read Story 2017. First published: Sunday 21 May, 2017
The Sunday Telegraph has revealed today that Terra Firma had to dip into its warchest to buy out £25m of bank debt related to the purchase of Wyevale Garden Centres in 2012.
The story reveals that Wyevale "came within a whisker of breaching its banking covenants at the start of the year after a slump in earnings" and after failing to re-negotiate terms had to buy the debt using funds from their €1bn warchest.
Guy Hands is expected at the Chelsea Flower Show tomorrow (Monday 22nd May) where the Burncoose Nurseries garden is again supported by Terra Firma.
Terra Firma is also a generous supporter of youth charity The Prince’s Trust and use their sponsorship at RHS Chelsea to support the work of the charity. This year’s Prince’s Trust Ambassador, British actress Gemma Arterton, will be visiting the Burncoose stand.
Terra Firma has sponsored the Burncoose Garden at the RHS Chelsea Flower Show since 2003. Terra Firma is also a Patron of The Prince’s Trust and its support has helped disadvantaged young people through The Prince's Trust Enterprise programme.