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Rising competition delivers disappointing year for Wm Sinclair

Published: 20 January 2015
Growing media supplier William Sinclair today described the 12 months to September 30 2014 as "disappointing", as it released its results for the year.
Rising competition delivers disappointing year for Wm Sinclair
The company reported an underlying EBITDA loss of £0.85m, following a £1.78m profit the previous year. Turnover of £46.2m was also marginally down on 2013. However, pre-tax profit came in at £1.95m, compared to the previous year's £1.67m loss.

The company said the market had been competitive, and although it had gained business from Wyevale Garden Centres it had lost business elsewhere.

Chairman Rupert King commented: "The company has changed fundamentally over the last 12 months, and now has a modern production facility, a top-performing alternative to peat, a strong brand portfolio and what we believe is the best quality product on the market. These strengths will be pivotal in our efforts to regain market share and begin to rebuild sales."

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