Gardman, one of the UK’s leading gardening companies, has announced the successful completion of a financial restructuring of its group.

The restructuring, which involved its four operating companies in the UK, the USA and Australia being acquired by a new parent company, GGML Ltd, which is in turn owned by Gardman Group Limited, included a balance sheet restructuring and a substantial reduction in the Group’s debt.

The Group continues under its same management team and the new structure provides Gardman with the financial strength and flexibility to maintain its market leading position in the garden sundries and wild bird care markets.

Mark Pearson, Gardman’s chief executive, said: “We are delighted to have completed the restructuring through a well-managed process which has not impacted any of the group’s customers, suppliers or staff. 

"We have a very clear vision for the future, a strong and committed management team, and we now have the right capital structure which will allow us to invest further in growth both here in the UK and internationally.”

Jonathan Halford, Gardman’s new chairman, said: “The financial restructuring of Gardman is an extremely positive move for the business which had been held back by the burden of debt arising from the sale in 2007 and the challenging market conditions in following years. 

"The restructuring has given the company a robust balance sheet, with a modest level of debt and substantial liquidity, and with that solid footing I am confident that we will make great progress in driving our business forward.”