Notcutts buys NWF for £14.5m

Notcutts have bought the North West Farmers garden centre group, making it the 3rd largest garden centre business in the UK.

The deal, news of which was broken by Horticulture Week on 19 September,  adds six garden centres to East-Anglia based Notcutts chain of thirteen, most of which are in central and south-eastern England.

They are: 

Rivendell and Woodford Park in Cheshire, Wheatcroft and Dukeries in Nottinghamshire, Victoria in Yorkshire and Aston Park in Lancashire.

In the year ended 31 May 2008 NWF's garden centre division reported revenue of £21.8m and a loss after taxation of £0.3m.

 At 31 May 2008 NWF's the garden centre division had net assets held for sale of £15.3m.

The acquisition is the first since Andy King’s arrival at Notcutts as CEO in 2007.

King said: We are delighted with this addition to the Notcutts family. The six new garden centres have an excellent team, quality offering with high standards of customer service and plantsmanship, making them a very complimentary fit with the Notcutts brand. The purchase extends our geographical coverage and existing and new customers will be able to benefit from the best of both businesses.

Both companies say It will be business as usual for the immediate future.

Richard Whiting, Chief Executive, commented:

"The disposal of the garden centres provides the opportunity to rationalise and focus NWF on its three specialist and profitable distribution divisions and exit the retail market. It also enables the Group to reduce debt and strengthen the balance sheet to support the future development of the Group."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

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

Garden centre and nursery experiences: the next big trend in 2018?

Garden centre and nursery experiences: the next big trend in 2018?

Reports say today's shoppers are as keen to take in "experiences" as they are to shop - and garden centres say they are well-placed to take in the trend.

Business Planning - Staff are your greatest asset

Business Planning - Staff are your greatest asset

An effective strategy to retain staff is the best way for any business to avoid a potential recruitment crisis, Neville Stein advises.

What benefits can buying an extra garden centre bring to retail owners?

What benefits can buying an extra garden centre bring to retail owners?

More garden centres are adding an extra location to their offer - Coolings in Kent being the most recent example of the trend. But why are they doing it - and what are the benefits?

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

Horticulture Week Top 100 GARDEN CENTRES 2017

See our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation

Read latest articles