By Matthew Appleby
Green service provider Glendale has claimed it has turned around its recent acquisitions Coblands and Civic Trees to put them in profit for the first time in years.
Glendale’s profits rose from £1.01m to £1.84m in 2006 and it now claims to be the UK’s largest green provider.
Civic Trees, bought in March, made eight per cent on 10 months turnover of £693,000. Coblands turned over £3.552m, up from £1.113m in 2005.
Glendale managing director Nick Temple-Heald said: “Results were excellent but not a surprise. We’ve been working hard all year to bring home the bacon.” He said Glendale aimed to make Civic Trees number one in planting and transplanting after several years of losses. He added that Coblands also made a small profit “after several years of big losses”.
Parkwood Holdings, which runs Glendale and other businesses, increased turnover by 16 per cent to £92.7m in 2006. Profits before tax rose to £2.53m, up 23 per cent from £2.06m in 2005.
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