Latest company results show impact of first lockdown
Here are some of the company results published on Gardenforum’s Company Results in the last 2 months. The date in brackets refers to the year end date. Pbt refers to profit before tax, but after interest and other charges. Figures written as £123k mean £123,000. We make no attempt to explain the results. Further details can be seen on Company Results.
Garden Centres
D Stewart & Sons (January 2020) edged sales higher to £14.2m with profit before tax (pbt) falling to £141k from £422 the year before.
As reported earlier Dobbies Garden Centres Group (Feb 2020). increased sales from £166m to £252m a +52% due to the impact of the garden centres bought from Wyevale for part of the year. Profits plunged to a loss of £-34m. Borrowings almost doubled from £299m to £593m. See earlier report.
Crocus (October 2020) increased sales by +18% to £23.1m over the period that included the first lockdown. And returned a positive pbt for the first time for a while at £877k
Goulds (Dorchester) (January 2020) held sales steady at £12.7m and recovered to breakeven from a loss of -£499k the year before.
QD Commercial Holdings (February 2020) that operates QD Stores and Cherry Lane Garden Centres improved sales by +9% to £86.1m. Pbt was static at £1.6m.
R.H.S. Enterprises (January 2020) recovered sales to £21.5m after a slight dip the previous year. Pbt was lower by -£1m at £5m.
Losses continue with a pbt of -£1.2m at Rosebourne (Jan 2020) despite a +58% increase in sales to £11.4. This included the first year of trading for Aldermaston.
TGC (2015), which trades as Tong Garden Centre, (June 2020) increased sales by +4% over the period covering the first lockdown to £9.5m. Pbt dropped back to £464k, and borrowings increased by +30% to £5.6m.
Newbank Garden Centre (February 2020) with 5 sites in the North of England revealed sales of £10.6m and a pbt of £928k.
Suppliers
A&E Leisure (Dec 2019) increased sales +23% in a 13 month year to £10.6m. Pbt increased to £522k.
Sales fell -4% Alitex (March 2020) to £9.1m. Pbt fell to £522k.
Armitages Pet Products (May 2020) lifted sales by +13% to £66.2m lifting pbt to £8.0m.
Andreas Stihl (December 2019) has lifted sales marginally to £107m although pbt reduced slightly to £6.1m.
Book supplier Baker & Taylor (UK) (March 2020) experienced an -8% fall in sales to £24.6m. Pbt fell sharply to £268k.
There was a sharp increase in sales over the first lockdown for Branded Garden Products, the owner of Thompson & Morgan (Aug 2020). Sakes jumped +46% to £50m, while pbt leapt to £8.5m.
Charcoal supplier Big K Products (UK) (Sept 2020) added +6% to sales at £22.2m despite the first lockdown. Pbt of £1.0m was a recovery from last year.
Prior to lockdown Decco sales (December 2019) edged higher to £98.1m, while pbt increased by +14% to £3.2m.
Henry Bell & Co (Grantham) (June 2020) saw a -4% reduction of sales covering the first lockdown period to £26.2m. Pbt held steady at £349k.
Sales at Home Hardware Southwest (June 2020) fell -6% over the first lockdown to £27.4m. PBT was negligible.
Hozelock (September 2020) lifted sales +7% in the year covering the first lockdown, to £69.6m. Pbt was sharply higher at £14.4m.
Lows of Dundee (September 2020) saw a -6% drop in sales to £11.6m over the first lockdown, but a rise in pbt to £254k.
Newey (formerly Roundstone Nurseries) (December 2019) sales jumped +42% to £29.5m, but fell to a pbt loss of £-481k.
The Greener Gardening Company (Kirkby) (March 2020), formerly White Moss Horticulture, increased sales by +35% to £11.5m. Losses continued at a lower level at £-1.5m. Total borrowings increased from £25m to £37m as the trade of Bord na Mona was transferred at the end of the financial year.