The group includes Paradise Park Garden Centre, South Downs Nurseries, Mayberry Garden Centre, South Downs Heritage Centre, lodges and food hall and five car dealerships. The report states that garden centre trading "remained satisfactory".
Tates said the garden centre industry had "relatively low levels of regulation and capital requirements. Low barriers to entry make the industry highly competitive."
The report says DIYs and supermarkets are expanding into the garden centre product market and that garden centres are a fragmented sector which is consolidating as the market matures.
"Further mergers and acquistions would consolidate the sector and offer opportunities for growth. Small independent retailers are more likely to differentiate themselves from the competition by making their garden centres a destination of choice through added value products and services. Importation and labour cost increases are noted as concerns. Ageing baby boomers with increased leisure time are noted as an opportunity for growth but more home renters with 26% of Britons under 45 having nowhere to grow outdoor plants is a concern".
The group reconstructed into the present structure in December 2017.