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Income up at Notcutts Garden Centres but profits down after slow start to 2013 season

Notcutts garden centres say it regained ground in 2014, after a slow start to the year in 2013.

Notcutts Garden Centres financial accounts for the year ended 28 February 2014 has shown turnover was £55.9m, up from £53.8m the year before.

Operating profits fell from £1.7m to £321,624. Pre-tax profits fell from £2.7m to £1.2m.

Notcutts Group chairman Roger Pedder said: "The retail environment continues to be challenging and was further compounded by an unseasonably cold start to the spring season which impacted garden centre retailing particularly hard.

"Trading improved in the summer and second half of the year beating the previous years' results and reclaiming some of the lost ground for the full year."

Chief operating officer Andrew Staff added: "2014 has been an extremely important year for us in terms of investing in both new and current retail sites, so it’s encouraging to see this work is reflected in our turnover growth."

Notcutts Group employs 1,130 staff and has 18 garden centres.


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