In This Issue
Terra Firma intends to add to TGCG's growing number of garden centres, reveals chairman
William Sinclair issue trading statement announcing disappointing sales
Ex-Sinclair MD Danny Adamson joins Kärcher
Pressing need to change Sunday trading laws
Garden sectors shine despite stall in volume sales growth
Container planting boosts sales of garden products
Chelsea designer aims to get more secondary schools gardening
Spring success for Bosch Lawn and Garden
Hillier present book to the Queen at Chelsea Flower Show
Hydrangea macrophylla Miss Saori crowned Chelsea Plant of the Year
Medal joy for HTA members at RHS Chelsea
Affordable orangerie from Nordic perfect for small gardens
National Accounts Manager
Regional Business Manager
Buyer - Gifts, Living & Home
Area Sales Manager (South East of England)
Garden Centre Manager
Plant Manager
GIMA Awards: You’ve Got To Be In It to Win It!
North Walsham Garden Centre wins Dandy Weed contest
HTA Garden Gift Card wins major award
Grafted veg plants continue to sell well in garden centres
Hanging baskets and pots boost compost sales
Retired servicemen sow poppies in memory of WW1
Ecovision and HTA Announce CRoP Partnership
Exclusive VIP tour to discover China’s horticulture industry
Bestsellers Top 50 charts every week
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William Sinclair issue trading statement announcing disappointing sales

William Sinclair, one of the UK’s leading suppliers of growing media including J Arthur Bowers, has issued a trading statement warning that "revenues did not fully meet expectations".

In the statement, the company said: "Whilst order intake and sales early in the season were encouraging, the extent of the growth in revenues compared to the prior year that had been anticipated to result from a return of more normal weather patterns did not fully meet expectations. 

"Sales to both retail and professional customers have disappointed, as have to a lesser degree margins. As a result, whilst it expects broadly to break-even at the underlying EBITDA level, the Group will report a significant underlying net loss for the year.

 "As a consequence of this trading performance, Group net debt at the interim period end and subsequently is greater than expected, and the Group does not therefore intend to pay an interim dividend.  Whilst large cash inflows are awaited in respect of the claim against Natural England, no settlement of this claim is expected before a court decision later this Autumn, with any award not likely to be paid before the end of the calendar year.  The Group continues to enjoy the support of its lenders."

The Group added it had already recognised the need to refresh its brands and sales organisation, and had taken steps to address these issues.  The Horticulture department will soon be led by a new commercial director and his input, taken together with the recently completed re-branding exercise, is expected to result in increased customer demand for next season. 

The development of Ellesmere Port continues on budget with production on the new equipment due to commence within 12 weeks.

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