Corporate Finance - Podington Garden Centre Sale

Podington Garden Centre sale to Wyevale Garden Centres

December 2014

The Hawsons specialist corporate finance and tax teams have worked closely with the Read family at Podington Garden Centre on the completion of their sale to Wyevale Garden Centres.

Hawsons’ Tax Partner, David Cairns, said: “We were very pleased to have assisted the Read family, as lead advisors and tax advisors, in their sale of Podington Garden Centre. Podington is a business which has seen sustained growth in recent years and has an excellent reputation in the Northamptonshire region. We are delighted to have played a key role in the successful completion of the transaction.”

Background

The Read family started Northamptonshire-based Podington Garden Centre over 35 years ago as a small nursery, and have since grown it to be the leading multi-purpose garden centre in the region. The 60,000 sq ft garden centre has a 25,000 sq ft covered shop on 3.4 acres, and a plant area containing over 9,000 varieties.

The acquisition of Podington from the Read family brings the number of Wyevale garden centres to over 140 across the UK.

Kevin Bradshaw, Chief Executive of Wyevale Garden Centres, said: “Podington Garden Centre is a first rate family business, which has been run with real passion and expertise for thirty years. It has provided a significant economic boost to the local area and become a truly important part of the community. This complements our commitment to being a responsible citizen in the communities where we operate and a positive resource for employees, customers and the other people our business touches, and we look forward to carrying on this tradition.”