Butters Group increases EBITDA but sees turnover fall

Lincolnshire-based Butters turnover was £52.85m in the year to 30 September 2016, down from £57.09m (7.4%).

Image: Butters Group
Image: Butters Group

EBITDA was up 1.9% to £1,851m from £1,816m.

Director Andy Coaten said it was a "challneging market" with "competitive pressure" and "constant demands from customers to produce cost-effective and quality products".

Within the group, Verde Horticulture turnover fell 53% because of risks around future profitability of a primary customer.

Butters Flowers was static and Keith Butters Ltd was up 8%. The company spent £1.5m on its three sites.

Profit for the year was £4,000 against a loss of £245,000 in the last results.

Butters has been a supplier of indoor and outdoor plants to high street supermarkets and DIY outlets and retailers such as M&S for over 40 years.

Other recent results show Coletta & Tyson at £23.14m (£22.75m) for the year to 31 July 2016.

Taylors Bulbs saw a small turnover fall to £12.88m.

Hillier and others have also seen improved turnover in accounts for 2016.


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