Essential reading for retailers and suppliers in the home improvement market

Weather hinders Grosvenor's yearly results pre-Blue Diamond takeover

Published: 31 January 2013
Grosvenor Garden Centre saw sales decline by 4% from £6.53m to £6.24m in the year to April 1 2012, according to new accounts filed at Companies House. But the company also achieved a rise in gross margin in the period - its final year of trading as an independent business before being bought by Blue Diamond.
Weather hinders Grosvenor's yearly results pre-Blue Diamond takeover
The company blamed the sales decline on "uncertain economic conditions and unpredictable weather patterns" but said that customer footfall was on a par with the previous year. The decline in gross profit was slightly less that that in sales, with the result that the gross margin rose from 49.6% to 50.1% - one of the highest gross margins in the garden centre industry, according to DIY Week analysis.

At pre-tax level, the business declined from a profit of £74,000 to a loss of £78,000, and stockturn slowed from 2.5 times to 2.3 times. Staff numbers actually increased slightly, up from a headcount of 80 to 82, with the result that staff costs rose from 25.2% of turnover to 26.8%.

While Grosvenor's sales and profits fell compared to the year to April 2011, they remained higher than in the year to April 2010. In that period sales were £6.1m, gross profit was £2.96m, and net loss was £295,000.

Comments


(Your email address will not be published)
5 + 6 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories