Business News

Thames Valley: Yattendon Group's sales down as trading challenges take hold

Published by
TBM Team

Yattendon Group, the private company owned by the Iliffe family, has seen turnover reduce by nearly 13% - blaming "challenging trading conditions". 

Eight months ago, the Group sold the Iliffe News & Media business to Local World, a newly formed media organisation that combined the Iliffe titles with those of Northcliffe Media.

The Group operates in a range of sectors including media, agriculture, property and marine leisure. It operates a portfolio of 13 marinas across the South East, under the MDL brand.

The Group also owns the 9,000-acre Yattendon Estate in Berkshire, where it is one of largest private producers of Christmas trees in the UK.

Yattendon reported revenue for the year ending January 7, 2013 was £89.7m, down 12.8% on the previous year. The annual report said: "Challenging trading conditions arising from continued economic uncertainty in the UK and Europe have persisted throughout the period."

TBM Team

Recent Posts

Halma acquires safety tech firm MK Test in £44m deal

Buckinghamshire tech company Halma has acquired transport safety firm MK Test Systems Limited. Headquartered in…

20 hours ago

Paragon Bank provides finance for West Sussex housing development

BRiCS Development has secured an £11.55 million finance facility with Paragon Bank’s Development Finance team…

20 hours ago

IT firm Mintivo appoints new Managing Director

IT services and solutions company Mintivo has appointed Alex Jukes as its new Managing Director…

20 hours ago

Bartlett Tree Experts to build new research facility in Wokingham woodland

Bartlett Tree Experts have announced its intention to build a new arboretum and research facility…

20 hours ago

New £3m imaging system to be developed at University of Surrey

The creation of a first-of-its-kind imaging system at the University of Surrey could help the…

21 hours ago

New chair of trustees at Open Sight Hampshire

Open Sight, which provides support across Hampshire to those living with or at risk of…

23 hours ago