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Turnaround in fortunes for Klondyke

Published: 4 June 2014
After a poor 2012 where turnover dropped 7% from £47.5m, Klondyke has turned this around and reported a 7% rise in turnover from £44.1m to £47m.
Turnaround in fortunes for Klondyke
Accounts filed at Companies House for the year ending September 2013 also show that operating profits for the garden centre operator came in at £4.9m, ahead of the £3.5m recorded the year previous.

Writing in the accounts directors said like-for-like sales were up 5.6%, although there had been a small erosion in margins.

They added: "The financial year ending September 2013 will be remembered for the extremes of weather, in particular, unusually low temperatures in the very early spring and one of the best summers for several years."

The cold weather in March and early April was said to have impacted on sales in all departments, but in particular outdoor shrubs and bedding plants.

The arrival of a warm summer was what boosted sales in most areas of the business and helped the company turn its fortunes around.

The directors continued: "Throughout the summer months consistently dry, warm weather had a positive effect on the sales of garden furniture and barbecues as customers returned to their gardens after recent poor summers.

"Sales of gift-related products also experienced good growth throughout the year and the increasing popularity of garden centre coffee shops and restaurants resulted in another year of solid like-for-like sales growth."

Klondkye operates 26 garden centres throughout the UK and the directors have plans to continue investing in all these sites.


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