HSBC supports Klondyke

Klondyke, which owns and operates 24 garden centres across Scotland, Northern England and Wales, will renovate five sites as part of the multi-million pound investment.

The Falkirk-based business will expand its hospitality offerings, following the model used to refresh its Mayfield Garden Centre in Kelso.

The £48.5m turnover business is seeking planning permission for the expansion of Mortonhall Garden Centre in Edinburgh, which will include an extension to the shop, a large new restaurant and new outdoor plant area. It will also progress redevelopments in Stokesley and Leeds and it has potential redevelopment plans for two further stores in Polmont and Northwich. The renovations will help to increase turnover to £50m within two years, says Klondyke.

Klondyke chief executive Bob Hewitt said: "We are now taking the opportunity to capitalise on recent successes that have led to strong turnover growth. 

"The support from HSBC will enable us to fulfil our ambitions and invest funds back into the business.

"Plants are our passion and we will always stay true to the quality of our products.

"However, we want to evolve Klondyke sites from traditional garden centres into social places for people to meet friends and family."

Doug Baikie, head of large corporate for HSBC in Scotland, added: "Klondyke Group’s model for growth has proved to be a success and we are very proud to be backing its plans for the future.

"Their sites are transforming into full-service retail operations but are still rooted in the company’s traditional passion for gardening.

"We want to lend more to Scottish businesses to help them achieve their ambitions and our SME fund is making it easier and cheaper for businesses to borrow."

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Pots and containers

Pots and containers

Superior propagation products can justify extra expenditure by providing precise cell fill, optimum root development and healthy plugs, writes Sally Drury.

Business Planning - Inflationary pressures

Business Planning - Inflationary pressures

How can horticulture businesses respond to Brexit-fuelled inflation? Neville Stein outlines the options.

Garden centre profile: Mappleborough Green Garden Centre

Garden centre profile: Mappleborough Green Garden Centre

Phase two of the redevelopment of the former Badger Nurseries has delivered rapid and impressive results, Matthew Appleby discovers.

Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Garden retail Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. NEW: 2016 listing just published

Garden Centre Prices

GARDEN CENTRE PRICES w/e 21 September 2016
GARDEN CENTRE PRICES w/e 24 August 2016

Pest & Disease Tracker bulletin 

The latest pest and disease alerts, how to treat them, plus EAMU updates, sent direct to your inbox.

Sign up here