Essential reading for retailers and suppliers in the home improvement market

Latest round of Wyevale centres sold to BGC and Rochmills Group

Published: 6 February 2019 - Fiona Garcia
 

The six latest sites to be sold are Bold Heath, Carr Gate, Leyland, Coventry and Bolton, which have been snapped by family-run British Garden Centres, whilst Woburn Sands has been bought by Rochmills Group

According to the statement issued by Wyevale this morning, both buyers will continue to operate all sites as garden centres, with the sales expected to complete by the end of this month.

Wyevale Garden Centres chief operating officer Anthony Jones said: “We are pleased to have agreed the sale of a further six centres - since the launch of the sale process in May 2018 we have sold 46 centres and have transformed our financial position. We continue to evaluate a wide range of competitive offers from group buyers, regional operators and local entrepreneurs, but we also look forward to re-focusing our efforts and trading the upcoming spring season with the vast majority of our remaining centres. We would like to thank our great colleagues at these centres, who have been central to the performance of their centres and made them so appealing to these buyers. We wish them well for the next stage of their growth and development under new ownership.”

British Garden Centres - which was is run by brothers Charles and Robert Stubbs, and Charles’ wife Philippa - will see its current portfolio grow considerably with the new additions. The business posted a turnover of £32million in its latest accounts, and operates Arcadia Garden Centre, Briggs Garden Centre (which it bought from Frosts in 2000), Chapel Garden Centre, East Durham Garden Centre, Gilberdyke Garden Centre, Horncastle Garden Centre, Hornsea Garden Centre, Irton Garden Centre, Roxton Garden Centre, Towneley Garden Centre, and its first-ever site, Woodthorpe Garden Centre in Lincolnshire.

MD Charles Stubbs said: “We are proud to announce the purchase of these five centres into our British Garden Centres family, making our independent, family owned group now 16 centres. Myself, Robert and Phillippa and all of the team are looking forward to working with these new centres and their teams ahead of a busy spring season.  We would like to express our thanks to all involved in this complex process.”

Rochmills Ltd, which acquired the Woburn Sands site, is run by the Sehmi family, who have "significant experience in operating retail and leisure businesses", according to a spokesperson from Christie & Co. The deal must have been in the offing for a few months, as Rochmills created a new company, Hampton (Woburn Sands) at the end of October last year.

The future of the 105 remaining Wyevale sites is still unknown. Christie & Co, the specialist business property advisor managing the sale process on behalf of thhe chain, said it has achieved considerable interest from a wide variety of buyers, adding that discussions over possible future sales continue.

It explained: “The opportunity to acquire garden centres has ignited significant interest within the sector and beyond, and as part of the process Christie & Co continue to liaise with bidders.” 

Wyevale Woburn Sands has been sold to Rochmills Group. Although no further information has been given about the deal, it has been confirmed the site will continue to trade as a garden centre
Wyevale Woburn Sands has been sold to Rochmills Group. Although no further information has been given about the deal, it has been confirmed the site will continue to trade as a garden centre

 

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


As the Brexit saga continues, what do you want the Government to do?



Latest reader comments

re: Which? says B&Q website is bottom of the pile

Roy stone
b&q website has always been terrible 9 times out of 10 it takes an age to work or if it works at all I am a tradesmen and also hold a ...

re: New safety mark replacement could cost UK manufacturers millions

Robert Millien
All very true.Reminds me of all the horror stories about what would happen on 1st January 2000. What happened? Nothing!!!...

re: BCT calls in administrators

Kevin Keely
I worked at Bct in 2009/10 for several months. This time left a lasting impression on me. What an impressive company, staff, colleagues ...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

John Garner
Dear Mr Bell. May Ifirst congrate yyou on your promotion yo CEO B&Q. I need your help. 2010 I purchased from B&Q a full kitchen for ...

re: New safety mark replacement could cost UK manufacturers millions

geej@onetel.com
Some misconceptions here. For some time many EU Countries refuse to accept UK Conformity Tests and insist manufacturers get retested in ...

Most read stories