Compost demand down at William Sinclair

William Sinclair's latest trading update has stated that compost "demand was below our normal levels and, with our main selling season drawing to an end, the chances of recovering any of the shortfall are small."

William Sinclair centre - image: HW
William Sinclair centre - image: HW

Sinclair added that: "The financial performance of the Company will be lower than in the previous year."

The statement added:

"William Sinclair's peat bogs have felt the full effects of the high rainfall and the peat harvest has suffered as a consequence. A prolonged period of dry weather is now required to enable the Company to return to full harvest operations.

"The peat drying technologies recently introduced by the company will supplement our conventional harvest and the Board intends to deploy additional drying capacity to further mitigate the impact of the rain.

"The company continues to have a strong balance sheet and to generate cash and expects to maintain its progressive dividend policy."

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

Business planning - Demand management

Business planning - Demand management

Seasonal demand may be inevitable but peaks and troughs can be managed to minimise business impact, Neville Stein explains.

What impact will 2017 results have on garden centres' plans for 2018?

What impact will 2017 results have on garden centres' plans for 2018?

Modest growth in 2017 means some garden centres are looking towards rebuilds, extensions and new acquisitions to find growth in a maturing market.

Is local 'reveg' a commercial opportunity in the UK?

Is local 'reveg' a commercial opportunity in the UK?

Botanist Dr Trevor Dines suggests there are commercial opportunities for local seed supply in the UK.

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


Free to subscribers, the essential guide for professional plant buyers

Download your copy