Strong results posted by Notcutts for 2016/17 year
Notcutts have recorded another strong performance with sales up 5.3% to £71.3m and operating profit up 57.7% in the year ending February 2017. Profit before tax increased 114% to £6.61m.
Commenting on the year, Notcutts CEO Nick Burrows (pictured), said: “We are pleased with another year of progress as we continue with the implementation of our five-year plan. There have been many encouraging milestones for us this year in addition to our financial progress. We now have five fully-modernised and updated garden centres in Woodford Park, Norwich, Staines, Tunbridge Wells and Wheatcroft (Nottingham) and are well progressed with schemes to improve a number of our other centres in the next 18 months.
“Importantly, we have also strengthened our executive leadership team during the year with the appointments of Julian Herbert, Finance Director; Kevin Boyle, Food and Beverage Director; Andrew Ingleton, Property Director, Sue Knight, Brand Director; and Sarah Silverwood, Trading Director.”
There have been a number of other key initiatives for Notcutts in the last year with the introduction of show gardens in Norwich (above), Wheatcroft (below) and Staines. This follows the creation of a gold medal winning garden at the Sandringham Flower Show and a belief that show gardens in all Notcutts garden centres will prove a great draw for current and new customers alike.
The designs of the Notcutts show gardens have been the inspiration of Marco De Jongh, Head of Visual Merchandising and Chairman Nicky Dulieu, who was recently appointed to the Commercial Board of the Royal Horticultural Society. Nicky said: “Expertise in gardening and a rich horticultural heritage are qualities that mark Notcutts out to many of our customers. In our 120th anniversary year, we wanted to celebrate with something iconic to demonstrate this and truly inspire our customers”.
With the development programme which is part of Notcutts five-year plan, all centres will feature a Notcutts show garden.
Nicky Dulieu joined Notcutts in 2014 and recruited Nick Burrows as CEO in 2015. Together with Caroline Notcutt, Vice Chairman; Bryan Laxton, Non-Executive Director; and Julian Herbert, Finance Director, they make up the NGL Board.
Commenting on the year, Notcutts CEO Nick Burrows (pictured), said: “We are pleased with another year of progress as we continue with the implementation of our five-year plan. There have been many encouraging milestones for us this year in addition to our financial progress. We now have five fully-modernised and updated garden centres in Woodford Park, Norwich, Staines, Tunbridge Wells and Wheatcroft (Nottingham) and are well progressed with schemes to improve a number of our other centres in the next 18 months.
