Squire ’s has describe a right performance for 2022 , well above pre - pandemic level . The year was never going to match the book results of 2021 , and the company ’s budgets and aspirations reflected this . Sales dropped 2 % overall to £ 68.2 m ( 2021 : £ 69.5 m ) . Within that total , Garden Centre sales devolve by 9 % to £ 59.9 m ( 2021 : £ 65.8 m ) , while Restaurant sales more than double to £ 8.3 grand ( 2021 : £ 3.7 m ) . net before tax cast off to £ 4.0 m ( 2021 : £ 7.9 m ) ( fundamental , familiarized ) .
need for plants and horticultural Cartesian product remained above pre - Covid level in FY2022 , as gardening and out-of-door living , in general , remained democratic . However , like other operators , Squire ’s experienced supply challenge in many class , resulting in higher fund levels than common at the class ’s destruction . In the current yr , the supply chain has recovered , and stocks are returning to more normal story .
Restaurants were undefendable throughout the class , unlike the previous year , hence the large gross revenue gain in that part of the business . Post - year - ending cost price increment and challenges in the labor securities industry remain influential . Customer numbers at Squire ’s Garden Centres dropped by 3 % , while in the restaurant , they rose by 130 % .
Squire ’s raw e - commerce oblation recorded gross revenue of nearly £ 1 yard in its first full class . The society remains pleased with the steady development of this channel .
During the year , Squire ’s continued to invest , notably in the Wokingham garden gist , which was win in 2019 . In January 2023 , Squire ’s acquired a longstanding provider to the mathematical group , Barnsfold Nurseries , which grows brilliant bedding plants on the Sussex / Surrey border . The synergism between the two companies and their shared values make this a very exciting relationship for the future tense . The chapiter expenditure program in the garden center for 2023 will focus on more moderate improvements across a bit of centers rather than one large project , including a routine of investments aimed at carbon and vigor cost reduction . We seem forward to remain to work on our sustainability programme and stay attached to our charitable and residential district liaison .
" Experience teaches us that the weather is still potential to have the greatest core on our results for 2023 . The sight ahead of us may be an unpalatable compounding of state of war ; energy cost increases ; stubborn inflation ; wage pressure ; gamey interest rates ; and fickle consumer self-confidence . However , despite all this , we believe we are well - send to withstand the storms around us . We will persist in to defend plants and gardening and cultivate intemperately to uphold monetary standard and give our customers the good service we are able . This mean we can view the future with self-assurance . '
For more selective information : Squire ’s Garden Centreswww.squiresgardencentres.co.uk
