Profits bloom at Scottish garden centre firm

by | Apr 22, 2018 | Business, Chains | 0 comments

garden centre

Scottish garden centre group Klondyke has underlined its growth ambitions after recording a 20 per cent increase in profits in the latest period.

The latest accounts for the family-owned group show Klondyke made ?5.9 million profit before tax in the year to 30 September compared with ?4.8m in the preceding year.

Turnover increased around 6% annually to ?54.5m at the group, which operates five centres in?Scotland?and 17 in England and Wales.

Directors noted the economic backdrop is challenging. Consumer spending has been under pressure amid sluggish growth in wages.

However, they reckon the company is following an effective strategy in a sector with good growth prospects.

?Garden centres are well positioned to offer a unique retail offer that high street and big box retailers struggle to match,? wrote directors in the accounts.

Polmont-based Klondyke has developed centres selling a range of products besides plants, with restaurants to help persuade people to spend time in the centres all year round.

?Investment in better facilities leads to customers being able to shop in our stores no matter what the weather and the enhanced product offer makes us less reliant on just the sales of our garden products,? noted directors.

They added: ?We will look at potential acquisitions that are offered.?

The main project for the current year is the redevelopment of the centre at Mortonhall in?Edinburgh, which will include adding more retail space, a new restaurant and extra car parking. This is due to be completed in July.

The upgrade of the Polmont centre will follow.

The business was started by former market trader Bob Gault and his wife Dorothy in a greenhouse in Kirkintilloch in 1980.

Klondyke made a big move into the English market in 1996 when it merged with the William Strike business.

Mr Gault died in 2011.

The average monthly number of employees increased to 951 in the latest year from 883.


more latest news ➡

GCA Barometer of Trade figures 'very good'

March BoT figures show a ‘very strong month’ says GCA

The Barometer of Trade (BoT) figures from the Garden Centre Association (GCA) for March 2024 have been revealed and are ‘very strong’ when compared with the same month last year. According to data submitted by the organisation’s member garden centres, none of the...

Rajesh Gupta joins DObbies

Dobbies Garden Centres appoints Rajesh Gupta

Dobbies further strengthens its senior leadership team with the appointment of Rajesh Gupta as Strategy and Business Development Director. Rajesh qualified as a Chartered Accountant with KPMG and has 20 years’ experience in retail working in strategy, business...

Marcus Eyles leaves Dobbies

Marcus Eyles departs Dobbies after seven years

Marcus Eyles has decided to move on from his role as Horticulture Director at Dobbies to pursue a new chapter in his illustrious 40-year career. Marcus joined Dobbies, the UK’s leading garden centre retailer, in 2017 as Head of Online, before progressing to...

One4all and Dobbies enters partnership

Dobbies partners with One4all gift cards

One4all Gift Cards, is excited to announce its partnership with Dobbies Garden Centres, the UK’s largest garden centre retailer with 77 stores nationwide and nearly 160 years of expertise. Dobbies Garden Centres champion garden living all-year-round offering...

Ben Harrison announced as GCA chairman elect

GCA announces Chairman Elect for 2024/2025

The GCA has announced its Chairman Elect for 2024/25. Ben Harrison, who is Operations Director of Haskins Garden Centres, is stepping into the role and will become Chairman at the GCA’s annual conference in January 2026. Ben says: “I’m delighted to be taking on...

Notcutts celebrates at annual awards

Notcutts annual awards highlights team success

The family-owned garden centre group, Notcutts, gathered at the Chesford Grange Hotel in Kenilworth on March 14th to celebrate the successes of its colleagues across all 19 garden centres nationwide. The event, attended by over 140 colleagues, family members and...

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