The owner and operator of 15 garden centres in the UK and Channel Islands focused on the ABC1 customer demographic, has released interim results showing that turnover rose by nearly 16 per cent year on year, on a like-for-like basis.
Excluding Fermoy’s Garden Centre that was acquired in late 2013, turnover increased by more than 10 per cent. Profits for the first six months of 2014 were up 37 per cent against 2013.
The company, which is the third largest garden centre group in the UK and is based in Guernsey, is expecting to report a turnover of more than £70m in 2014. In 1999 turnover was £6.7m. The group now employs more than 1,700 people.
With the recent addition of Trelawney Garden Centre in Wadebridge, Cornwall, turnover in 2015 is expected to climb to £80m. Probus in Cornwall is going into planning built and Roper hopes it will open in spring 2017.
Managing director Alan Roper said: "The group is focussed on steady organic growth and is always looking for freehold and leasehold opportunities. Leaseholds enable garden centre owners to retain their freehold interest and receive a rental income." Roper wants to discuss this with any garden centre owners on a confidential basis.
Phase Two of Redfields Garden Centre opened in the middle of September and was designed by Roper, who has overhauled and differentiated the model, which will be rolled out across the rest of the group over time in the same way Trentham Garden Centre, which he designed 10 years ago, provided the template for the group.
Redfields will be Blue Diamond’s template for the next 10 years and contains elements of innovation carried over from Le Friquet, a new build in Guernsey that opened five years ago.