A division of Branded Garden Products, T&M have been on and off the market in recent years, but could be close to a sale by owner Primary Capital as the Suffolk seedsmen posts better results.
Director Paul Hansord said he was happy with the results. This summer, he said the company was in a healthy position and would achieve budget and reach an "average profit".
Thompson & Morgan Group Holdings' sales were £32m to 20 June 2015, up from £31.6m in 2014 - a one per cent increase. Group total loss for the year after tax was £1.312m, down from a loss before tax of £1.587m in the previous year.
After Westland Horticulture came close to buying the company in 2015, T&M are believed to have interested Mr Fothergill's.