In This Issue
Much loved industry figure passes away after cancer battle
OBE's for Colin Squire and John Athwal
Rachel Doyle of Arboretum scoops Retail Excellence Lifetime Achievement Award
Bunnings UK boss to take a three month break
New Year Greetings to all our readers
When will the For Sale sign go up at Wyevale GCs?
So what went on behind closed doors at the Wyevale suppliers meeting.?
Rising Stars 2017 - The final 12
Owners of garden centre face £21,000 bill after selling 'dangerous' items
Wyevale Garden Centres announces shift away from acquisitions
Wyevale Garden Centres named on 'worst to work for' list
Sad news - Alistair Lorimer dies
Durston Garden Products HOLD prices for 2018
New display ideas, new products, new suppliers at Bunnings first UK garden centre - GTN Xtra picture exclusive
Retail ops restructured as going gets tough for Wyevale GCs
All eyes will be on how Wyevale GCs plans to replace 'unsustainable' growth strategy with core business focus
Sir Terry and Mr M...unfinished business at Dobbies?
Mothers Day bonanza as garden centre records are broken across the country
We cleared out Homebase management too quickly, confesses parent company's new CEO
Carol Paris is leaving the HTA
Dobbies "gets together with Ocado to be the best on-line"
Nicholas Marshall is back in the gardening industry as CEO of Dobbies
Newshound finds Mr M has been busy recruiting 'experience'...
Terra Firma props up Wyevale Garden Centres
So this is what a Bunnings Warehouse looks like...
A bittersweet moment says Scott CEO as he announces UK, Europe and Aussie sell-off
Gardman reports £1.5m loss - but earnings soar by 50%
Blue Diamond buys Bridgford Garden Centre
Exponent Private Equity to buy Scotts business in UK, Europe and Australia
Brothers sell £15m Yarnton Nurseries business
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Westland win Sword of Excellence with SafeLawn
Is this the smallest garden centre in the UK?
Glee to hold two shows per year from 2018 onwards
Garden retailers sign up to industry Xylella statement
Marshall's strategy for Dobbies to put focus back on plants
Woodlodge win GCA Associate of the year Award
"The Best Glee for Years" - Retailers verdict on this years show
"Xylella is the most serious situation I have come across in 32 years in the industry"
MEP's vote to ban glyphosate completely by 2022
Blisters, tomatoes, over 100 walkers and runners raise over £22k on Garden Re-Leaf Day
Coolings buys Potted Garden Nursery at Maidstone
Exclusive pictures from Bunnings' biggest store yet
New men at the top at Hillier
Xylella fastidiosa: how Italy has tackled the problem
Town & Country is sold to EP Barrus
Supplier rebates to exceed £1.5m for Choice members
"Garden Centre of the Future" planned for new outlet retail centre at Downtown Grantham
Bunnings UK No. 3 - Hemel Hempstead in pictures
Shoplifting costs retailers £800m a year says research
Scotts: We want out of Europe...but we won't give the business away
New trade show will demonstrate how to cater for vegans
Historic exhibition and new branding for Dobbies
Exciting new-build garden centre underway
Bunnings - Homebase - sales drop by £44m
Glyphosate licence approved for 5 years
2017: A year of transition for the garden centre trade
Top 50 most-read stories in GTN Xtra 2017
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Gardman reports £1.5m loss - but earnings soar by 50%
No 22 Most Read Story 2017. First published: Saturday 14 October, 2017

Gardman has reported a pre-tax loss of £1.5m for the year ending December 2016, mainly down to the exceptional costs of almost £2.3m associated with re-structuring following the previous year’s management buy-out.

The results show a significant improvement in the company’s fortunes compared to 2015, when an operating loss of £6.1m was reported.

However, the directors say EBITDA, which saw a dramatic 50% improvement from £3.2m to £4.8m over the year, is the best indicator of how strongly the company is now performing.

They say that following the management buyout backed by Rutland Partners LLP on 23 June 2015, the group has continued to make good progress in its core markets whilst also developing its strategic direction thanks to its ability to invest in exciting new categories and strengthen operational infrastructure.

Revenue in the year grew by 6.5% to £60.5m (£56.2m in the UK, up 6.2%) and margins improved. The group expects a similar growth rate in 2017 following good sales increases in the first half of 20I7. It continues to invest in strengthening the sales and marketing teams.

Net return on sales last year was a loss of 2.4% compared to a loss of 10.7% in 2015, an improvement expected to continue this year. Sales per employee went up from £286,657 in 2015 to £293,472.

The cost challenges experienced following the Brexit vote and subsequent impact on currency have been managed through more efficient supply chain sourcing and a rebalancing of pricing.

The company has gained significant new distribution and new product listings within its existing customer base.

Gardman has made a significant investment this year in a new more centrally located warehouse facility in Daventry (visited, above, by the sales force as it neared completion in late summer) . This, the company says, will provide further distribuition efficiency and allow the company to meet future growth plans.

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