William Sinclair announces higher profits

William Sinclair Holdings, supplier of J Arthur Bower's, Silvaperl and New Horizon, boosted profits before tax to £3.18m in the 12 months to 30 September 2011, up from £2.06m in the previous year.

Chief executive Bernard Burns said highlights were the successful acquisition of Growing Success and a specialist aggregate business, strong performance by Freeland/SuperFyba production, closure and consolidation in Lincoln of Growing Success’s manufacturing operation in Barnsley and the post year-end strategic acquisition of composting business of Yorkshire Horticultural Supplies.

Burns said:

"In a year when the economy has been littered with banana skins we have continued to improve the Company’s performance. Prudent action has been taken to mitigate against the insolvency of large customers, delays in planning permissions and a UK economy which is stalling.  

"The right decisions made have delivered results to be proud of. With strongly developing strategic advantages in key areas of the market that provide promising growth prospects, we are in the best position possible to manage any further deterioration in consumer spending during 2012."

William Sinclair's customers include Garden Centre Group, Sainsburys, Morrisons, Wilkinson, Homebase and B&Q as well as a range of independent garden centres.

William Sinclair has an upcoming planning appeal at its Chat Moss site and is holding out for more than the £12m offered by Natural England for its Bolton Fell bog. Burns continues to believe legislation is the best way forward to end peat use in the UK. See more in HW 13 January.

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