SNCL Sinclair Will.

 

TIDMSNCL 
 
RNS Number : 5809O 
Sinclair (William) Holdings PLC 
01 July 2010 
 
1st July 2010 
 
      William Sinclair Holdings PLC ('William Sinclair' or 'the Company') 
 
                                 Trading Update 
 
Following announcement of the Company's interim results on 2 June 2010, trading 
in our main selling season has continued to be strong, enhanced by the good 
weather. 
 
Margins continue to be significantly ahead of last year as we see benefits from 
our ongoing efficiency programmes coming through. In addition, many of our 
smaller competitors are experiencing a shortage of material for sale due to a 
poor peat harvest in 2009. William Sinclair is experiencing no such supply 
issues as our investment in new technologies ensured we harvested sufficient 
material in the 2009 season, despite adverse weather conditions. 
Our peat free alternatives have continued to perform well and our investment 
into developing superior peat free products continues apace. This is centred on 
the development of our new product called Sincro-BoostPlus which has similar 
qualities to peat namely: good water retention qualities, a low nutrient level, 
it is nitrogen stable, lightweight, looks like peat and is made from entirely 
renewable sources. 
The peat harvest to date in 2010 has been of an excellent quality and volumes 
are ahead of internal forecasts, providing solid foundations for next year's 
Spring growing season. While we still have three months of the harvesting season 
ahead, we are pleased with progress at this point in time. 
 
As a result of continued weakness in the market for industrial premises the 
valuation of a property identified for disposal in Lancashire following the 
Metcalf acquisition has been revised downwards and a corresponding charge will 
be recognised in the full year results as an exceptional item. 
 
Notwithstanding this property adjustment, the strength of the Company's 
underlying trading gives the Board confidence in its expectations of the outcome 
for the current financial year. 
 
For further information: 
 
William Sinclair Holdings Plc                         Tel:  01522 537561 
Bernard Burns, Chief Executive 
Peter Williams, Finance Director 
 
Arbuthnot Securities                                        Tel:  020 7012 2000 
Alastair Moreton 
Alasdair Younie 
 
Madano Partnership                                         Tel:  020 7593 4000 
Matthew Moth 
Charles Reynolds 
www.madano.co.uk 
 
 
 
 
Notes to Editors 
 
William Sinclair Holdings PLC is one of the UK's leading producers of commercial 
horticulture and branded garden products.  Its well established brands include J 
Arthur Bower's, Silvaperl and New Horizon - the leading brand in the fast 
growing peat free garden compost and organic plant foods sector.  William 
Sinclair's customers include national accounts such as The Garden Centre Group 
(formerly Wyevale), Wilkinson, Homebase and B&Q as well as an extensive range of 
independent garden centres. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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