Improved performance halts Thompson & Morgan sales process
Thompson & Morgan is to stay in Primary Capital ownership after enjoying a positive first half (July-December) with visits to its website up 20% and record numbers of new names and retention levels...
Particular highlights in the last 6 months have included cost savings from the introduction of a new ERP system, a 10% reduction in stock holding and major improvements in customer service. In recent months T&M has attracted the interest of several potential buyers but Bryan Magrath CEO said: “T&M is outperforming its competitors and has recently introduced several new and exclusive products, including the fabulous Egg & Chips, we have also just won Which? Best Buy for our incredicompost® and we have plenty more innovations in the pipeline.
"It has been flattering to be linked with various suitors but for the time being we remain focussed on peak season performance and delivering a great full year result.”
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