In This Issue
Revenues at The Garden Centre Group increase by £17m
TGCG will add to its growing portfolio, says Chief Executive
William Sinclair settles Bolton Fell compensation
Gardman launches a complete wild bird care range
Glee's marketing email gets the industry talking
Thompson & Morgan appoint ex-MD of Dixons as new CEO
Customers are voting for The Greatest Garden Centre teams
Solus administrators admit to being "hopeful of completing a sale"
If catering and food are your growth areas our new Food Xtra will help you
Buy your tickets for The Greatest Awards Summer Garden Party - it's on Monday 7th July - the first evening of SOLEX
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The Greatest Garden Centre Teams - Your customers can vote on-line too
Weeding and feeding boosts garden product sales
Carrot top with growers
Decorative bark in huge demand
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William Sinclair settles Bolton Fell compensation

William Sinclair said half year losses widened and revenues increased as it settled compensation for its ending of peat bog operations at Bolton Fell Moss, Cumbria at £21.25m

The company said loss before taxation widened to £3.7m for the six months ended March 31st 2014 from £1.88m a year earlier, while revenue rose £21.8m from £20.4m.

William Sinclair said trading conditions in the six months to March 2014 were challenging, as had been expected. This was made harder by the refinancing of the company which meant strategic plans were put on hold for four months.

Chief Executive Peter Rush said: "We are delighted with the £21.25m agreement to settle our claim at Bolton Fell. After four years of negotiations this is a significant step forward and our strong financial footing will enable us to accelerate the transition to become the UK’s most advanced manufacturer of horticulture products.

"While there are further milestones to be met the largest investments have been committed and good progress has been made with the more challenging work. Improvements to product quality and efficiency benefits are already being created."

No interim dividend payment will be made this year compared to a 1.5p payment in 2013.

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