Klondyke Group sees strong profit growth to September 2014

Klondyke Group's new accounts have revealed pre-tax profits of £4.03 million in the year to September 30, 2014.

Pre-tax profits are up from £3.15m in the prior 12 months. Turnover is up to £48.5m, from £47m.

The directors have plans for a new garden centre at Garforth in Leeds, following the closure of an old outlet there in June 2014, to redevelop the company's garden centre at Stokesley in North Yorkshire, including the building of a large restaurant.

Similar redevelopments will be "explored" at the company's garden centres at Edinburgh, Polmont, and Northwich in Cheshire.

They report: "The challenges of the economy remain but the board has every confidence that its redevelopment strategy, linked with favourable demographics, will continue to drive forward both sales and profitability."

On the three months to December 2013, the report said: "In the first quarter [of the financial year] we experienced solid sales growth of both Christmas and gift-related product, and the relatively mild winter resulted in consistently good footfall to the garden centres."

It adds: "The first and second quarters saw the return of better weather in the key spring trading period and, in particular, the months of March and April. This was in contrast to the low temperatures experienced in the early spring of 2013.

"The improved spring weather resulted in increased sales of all garden-related products. This period was followed by a second successive year of generally warm, settled weather throughout the summer months, which had a positive effect on the sales of garden furniture and barbecues."


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