Dobbies returns to profit in final year before Tesco sale

by | Nov 17, 2016 | News | 0 comments

Dobbies Garden Centres has posted a pre-tax profit of ?14.5 million in its final set of full accounts before its sale by Tesco to private investors in June.

The business, which had been bought by Tesco after a takeover tussle with Sir Tom Hunter in 2008, had booked a loss of ?48.4m the year before. That loss was attributed to a ?54.4m impairment on the company?s tangible and intangible assets.

The new accounts have been published after Tesco offloaded Dobbies to Hattington Capital for ?217 million in August.

Hattington?s Barney Burgess was previously Tesco?s commercial director, having run its grocery home shopping business.

The latest accounts for Dobbies, which has more than 10 centres in Scotland, show turnover rose to ?153.7m, from ?152.9m, in the year to February 28.

Article source

more latest news ➡

New logo for the Bransford Webbs Plant Company

A fresh, new look for The Bransford Webbs Plant Company

The Bransford Webbs Plant Company is proud to unveil a new company logo, launching at The 2024 National Plant Show at Stoneleigh Park. An evolution of the original Bransford Webbs logo introduced almost twenty years ago; the heritage shades of purple and green have...

GCA CEO Peter Burks hosting a free sustainability webinar this month with the focus on water and ‘navigating the green minefield’

Free sustainability webinar for GCA members

Garden Centre Association (GCA) members will hear from a trio of sustainability experts during a free webinar this month (June 2024). The GCA is hosting the online event on June 26 from 3-4.30pm and it will cover water conservation and how to navigate environmental...


Nearly 40% of UK retailers fail to meet delivery times

A new study, carried out by post-purchase customer experience provider parcelLab and e-commerce customer care - and fulfilment specialist Salesupply, highlights significant gaps in delivery reliability, tracking transparency and customer service...

Blue Diamond posts 2023 figures

Blue Diamond posts 2023 accounts

The new largest garden centre group Blue Diamond has posted its 2023 accounts which shows a £24.2m profit – a 16% increase on 2022. Sales for 2023 were £310.6m versus £259.3m last year, a 20% increase on 2022, and a 9% like for like uptake. This marks an important...

Read GCR's latest edition!

Subscribe ToThe Wednesday Word

Subscribe To
The Wednesday Word


Get all the latest news, events & more straight to your inbox every Wednesday.

You have Successfully Subscribed!

Pin It on Pinterest

Share This