In This Issue
We'll speak to key suppliers next week say Solus administrators
“Thursday was very painful for the family and the staff." Ross Yealland
Solus: too much change, too soon?
Choice stick with Solus but plan a back-up
We can handle upturn says Decco CEO
We didn't want it to happen like this says Stax MD
Town & Country 'full stocked'
Solus news will hit many GIMA members hard
'Sad...but trade will survive'
'This has saddened the whole industry'
Keeping calm and carrying on...
Capitalise on the Roundup Gel Revolution
TGCG owners Terra Firma sponsor Chelsea exhibit
Half-year sales figures for garden products set to be 6% higher than 2013
Customer feedback no longer a mystery at Bents
Scotts' Chelsea display features plants grown by 10,000 Miracle-Gro’wers
Click and collect compost service launched at Monkton Elm
Coletta & Tyson's relaunched pet shop sets high standards
If catering and food are your growth areas our new Food Xtra will help you
Regional Business Manager
Buyer - Gifts, Living & Home
Garden Centre Manager
Plant Manager
Georgie Boy daffodil to star at the Chelsea Flower Show
Tulips for Liberators
Young plants dominate Veg-2-Gro sales
Wyevale re-organises to offer ‘one-stop-shop’
Smart Solar reorganises sales team to manage sharp increase in sales
Compost sales get a welcome boost
Rising Stars reach round two of GCA competition
Floralabels colour labels launched in UK
Striking the best deal when buying and selling plants
Titchmarsh to launch wildflower campaign with Plantlife
Bestsellers Top 50 charts every week
Buy your subscription to GTN Bestsellers
Situations Vacant
Regional Business Manager
Northern Ireland / Scotland, £30,000 - £40,000 per annum
Read more»
Buyer - Gifts, Living & Home
Hampshire, £30,000 - £35,000 per annum
Read more»
Garden Centre Manager
London, £30,000 - £35,000 per annum
Read more»
Plant Manager
Berkshire, £21,000 per annum
Read more»
Send us your news and great ideas

Contact us with your news.  Email neil.pope@tgcmc.co.uk, or trevor.pfeiffer@tgcmc.co.uk or call the GTN News team on 01733 775700

 


We'll speak to key suppliers next week say Solus administrators
Deliveries 'as normal' yesterday ahead of peak trading weekend

The administrators called in at Solus Garden & Leisure gave GTN Xtra assurances yesterday that deliveries were continuing as normal ahead what looks likely to be a peak trading week-end.

Price Waterhouse Cooper’s PR spokesman Kathy Maginn told GTN Xtra that the supply situation would be reviewed after the administrators had dealt with urgent staff issues. “Key suppliers will be contacted with an update next week,” she said.

Rob Hunt and Tony Barrell of PwC were appointed joint administrators on Thursday, ending weeks of speculation about the company’s future. They said a number of potential purchasers had already expressed interest.

Solus had failed to find additional investment following “difficult trading conditions”. Considerable interest had been shown in the business but no offers had provided a solvent outcome and as a result, the directors decided to place the company into administration.”

Talks with one potential partner, Scotts, broke down last month at an advanced stage of negotiations.

Solus, whose head office is at Hunnington,Worcestershire, had turnover of £29.3m in the six months to 30 March 2014. It has a workforce of 250.

It’s key wholesaling operation is complemented by a range of well-known brands, including Yeoman, Joseph Bentley, ChapelWood, Garden Nation, Botanico and Bermuda.

Tony Barrell said PwC’s immediate priority was to engage with employees, key customers and suppliers so Solus could continue to trade. This, he believed, was achievable. Employees would continue to be paid “for work done prior to our appointment and whilst they continue to work”.

 He added: “We are hopeful of securing a sale and there are already a number of parties interested in purchasing the business.”
Facebook Twitter LinkedIn Del.icio.us Digg
Newsletter Marketing Powered by Newsweaver