UK DIY News
Notcutts Reports 52.5% Rise in Operating Profit
Woodbridge-based garden centre chain Notcutts has reported a 52.5% rise in operating profit for the full year ended 28th February 2019.
Notcutts was founded in 1897 and operates 18 garden centres across England, employing 1,300 members of staff.
Sales reached £74.7m and profit rose to £1.5m during the reporting period, despite the impact on of significant redevelopment projects on retail space and restaurants at four centres: Woodford Park, Dukeries (Worksop), Booker and Rivendell.
A new website and e-commerce platform was completed and launched in the year and a brand rollout was completed across all 18 garden centres.
Notcutts CEO, Nick Burrows, said:
"We are pleased with our progress during a year in which we were able to deliver good growth in operating profit.
"A focus on margin and a successful cost efficiency programme helped underpin this achievement. This during a year when we completed our new brand rollout and launched a new website and online store.
"With the completion of major projects at Rivendell, Woodford Park and Booker we are now some two-thirds of the way through our planned programme of improvements.
"Our attention now turns to further projects at our Garden Pride (Ditchling), Woodbridge and St Albans Garden Centres which will be completed in 2019/20."
Further redevelopment is planned for the chain's Solihull and Tunbridge Wells garden centres
Source : Insight DIY Team
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