In This Issue
Garden centre sales increase despite all other retail re-opening
Join the Fun of #FloralFriday and Support Children in Hospices
Anything and everything being purchased for the garden
Royal visit sends garden centre media coverage into the stratosphere
Blue Diamond report £14.4m profit from 42% increased sales of £181.6m
Pots are the key to lockdown gardening
Garden Centres are Top of the Polls for retail visits
Small bags of growing media up by 207%
#FloralFriday To Celebrate Children’s Hospice Week
Sell Online Quickly, Easily and Cost-Effectively with GrowNation
spoga+gafa still pressing ahead for September show
LifestyleGarden® revamps showroom to help retailers maximise sales in 2020 and beyond
The Retail Mutual launches #OpenForBusiness campaign to support independents
Dahlia Sincerity wins FleuroStar Award 2020
Apple Trinity is crowned Best in Show
Apple ‘Trinity’ wins Best in Show at HTA New Plant Awards
Allensmore Nurseries scoops a record number of awards at the HTA Virtual New Plant Awards 2020.
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Neil Cochrane joins Fallen Fruits
Veg 2 Gro up by 42% since re-opening
Gardenex and PetQuip organise second e-commerce webinar
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Marlows , Bury St Edmunds, to close due to Coronavirus trading conditions
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Haskins Snowhill re-opens after £15m re-vamp
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Blue Diamond report £14.4m profit from 42% increased sales of £181.6m

Blue Diamond Garden Centres have published their Report and Accounts for 2019 with headline numbers of turnover up 42% to £181.6m and profits before tax up by £3.5m to £14.4m.


In his managing Directors Report, Alan Roper explains: "Within this figure restaurant sales grew from £22.6m to £34.4m in 2019. Restaurant sales grew 7% on a like-for-like basis. Due to acquisitions restaurant sales have more than doubled over the past two years from £16m in 2017 to £34.4m in 2019.

"In September 2019 we acquired a further seven Wyevale sites, which generated £5.1m sales in the last quarter. These sites, which historically generated £18.5m of turnover, have the potential to reach sales of £30m over the next five years."


After the turmoil of the COVID-19 crisis Simon Burke, Chairman of Blue Diamond reported: "It is difficult to provide commentary on our prospects without engaging in guesswork. Many factors, including the future of restaurants, the duration of social distancing measures, the overall state of the economy, and our old acquaintance the outcome of the Brexit process, are all factors which will affect our business but which are impossible to predict.

"However, I do expect the coming months to be challenging for us. We will have much work to do to get the business back on a firm footing, from which it can resume its growth story. Debt reduction and a strong capital base will be our priority, and so cash conservation will be a key theme for some time to come.

"What we have seen, however, is the resilience of the Blue Diamond business in the face of a very severe shock, its ability to draw customers even in a difficult environment, and the energy and enterprise of the team to respond creatively to the challenges they have faced.

"These factors give me confidence that we will weather whatever lies in store for us, and do what it takes to ensure that Blue Diamond will come out the other end strong and prosperous once more."

Alan adds: "We have a pipeline of growth projects stretching over a 3- to 4-year period, which will generate a further £89m turnover. The sixteen former Wyevale sites will generate a further £57m turnover so there is enough existing realisable opportunity for the Group to reach £326m over the years to come.

"Success is delivered by being strategically ahead of your competitors and ensuring that you position yourself through qualitative points of difference to be the first and most loyal choice of your customer. Blue Diamond operates to that standard. I thank my team for choosing to be a part of this successful journey and to whom we owe our success."


Read the full report using this link


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