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Wyevale Garden Centres confirms sale of Old Barn
Amazing British compost from an amazing British company
"The government needs to sit up and take notice of this sector." Alan Titchmarsh tells MP's and peers
Plant sales lead the way, according to GTN Bestsellers
James Ducker takes the reins as the MD of Langlands
Greenfingers Charity says thank you to its FUNdraising Friends
HTA awards Pearson medal to Baroness Fookes
Cross-party MPs and peers urge government to boost backing for UK horticulture
Remember, remember 13th November! Final call for Cultivating Retail
Smart Garden Products strengthens Head Office support
Record autumn for lawn seed sales says Johnsons
New roles and promotions as Tong goes for growth
Nursery invests to further improve customer service
LazyLawn helps foster carer love her garden on ITV show
Helleborus Christmas Carol season starts
Get your own copy of GTN Xtra
Elho appoints new commercial chief
Pot feet sales increase after first cold snap
October growing media sales heading for a record
Top 10 Bestsellers grow ahead of the rest of Christmas
Prime time for Primulas
International buyers’ event offers major opportunity for UK suppliers
Finance for Non-Finance Managers workshop
BIZZ Holland present at IPM Essen 2019
Show Your Colours Award IPM 2019
The best of last week's
Dobbies scoop up Woodcote Green
Westland's £4m offer for Gardman put them at front of a long queue
Delegates learn how to stand out from the crowd
Prague inspires garden centre delegates
Houseplants sales 16% up in September says GCA
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All the latest news from the world of garden centre catering
New kitchen pod means more choice for Squire's Chertsey customers
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Westland's £4m offer for Gardman put them at front of a long queue

Twenty-five companies were offered the opportunity to buy Gardman before the administrators accepted a £4m offer from Westland, it was revealed this week.

 

In details circulated to creditors, PwC said 20 of the firms approached were trade buyers and five financial. Seven parties submitted non-binding indicative offers for all or part of the business, with Westland and two others moving to the next stage of the “accelerated sale” process. Ten businesses declined to bid at all. Westland’s was the “best offer available”, despite a stock valuation of £7.4m.

 

PwC estimate that unsecured creditors could receive up to 15% of money owed. Secured creditors will be paid in full.

 

The sale only affects Gardman’s UK business, Gardman Ltd. Gardman (Australia) Pty, Gardman USA Iinc, Parnell Lang and The Little Garden Company – all part of Gardman Group – and the China-based Gardman Asia Limited (in which Gardman Ltd held shares) were excluded.

 

Westland will be allowed to continue to operate from Gardman’s leasehold warehouses in Kings Lynn and West Lynn and Peterborough head office for up to six months while they negotiate with landlords, safeguarding jobs for now.

 

Gardman’s shareholders called in administrators to handle the sale after declining to commit to additional funding of at least £10m needed to complete the company’s recovery following last year’s disastrous warehouse fire at Daventry.

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