Peter Smith Garden Furniture saved with restructure

Garden bird tables and benches company Peter Smith Garden Furniture has been forced to restructure.

The move follows a downturn in repeat orders over the past six months because of poor summer weather combined with the general weakness of the wider economy.

The West Yorkshire-based company is hopeful of better sales after diversifying to incorporate its timber-framed house business. Plans include manufacturing wooden office-garden buildings at the firm's 5,400sq m manufacturing site.

The Smith family has bought out the management team's assets and business of Peter Smith Garden Furniture, which called a creditors meeting with a view to going into voluntary liquidation.

Shareholder Sharon Sheard said: "Poor trading over the past six months and declining repeat orders has forced us to restructure. We couldn't meet our payments, but we now have cash from other sources to kick us off and get us going."

She said imports of bird stations from China had affected the sales of the firm's premium products: "There's still a market, but it's a luxury item and the public is not spending."

Flatpacking items would save transport costs, she said.

"Everyone in our situation supplying garden centres is struggling, with no repeat orders at the moment. With our overheads and lack of orders, something had to give. We are looking positive now for 2012. We've made a lot of provisions over the past few months."


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.

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.

What next for Bunnings UK after massive write-down?

What next for Bunnings UK after massive write-down?

Australian analysts suggest Wesfarmers could pull out of the UK following the continued woes of Bunnings/Homebase UK & Ireland, but is there a way forward for the 250-store DIY/garden centre group?


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

PLANT SUPPLIERS GUIDE

Free to subscribers, the essential guide for professional plant buyers
 

Download your copy