Dobbies posts profits of £14.5m in year to end of February 2016

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 had 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 sold Dobbies to Midlothian Captial Partners and Hattington Capital for £217 million in August, with the new venture capitalist group beating Wyevale Garden Centres in the bidding.

For the 52 weeks to 28 February, sales were £153.7m, up from £152.9m.

The company stated that it expects "current performance levels to be maintained" in the next year.

Directors are now John Campbell, Andrew Bracey, Aidan Clegg, Neil Currie, David Burgess, Federick Goltz and John Cleland.

Employee numbers are 2,766 including 515 office/management staff or 1,882 full-time equivalents.

Cleland spoke to Horticulture Week in September talking about introducing shopping villages into 18 of its 35 garden centres and adding more local planning control.


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