Willian Sinclair Holdings PLC (SNCL.LDN) was down 33.33% this morning after the publication of their unaudited interim results for March 2015.
The company reported a loss of £3.5m, nearly double that of 2014.
Stuart Burgin, Chief Executive of the company, said:
“Since I joined William Sinclair as CEO on 5th March there has been a huge level of activity in the business. This has been focused in 2 key areas: improving the performance of the Ellesmere Port site, and analysing the business and developing plans for the future. I am pleased to say that commissioning of Ellesmere Port has moved forward considerably and that we have developed strong plans for the future revolving around a single point of dispatch from Ellesmere Port and increased focus on customer and product profitability. Provided we are successful in raising the funds required to implement these plans, I am confident that William Sinclair can be successful again.”
William Sinclair are one of the UK’s leading producers of gardening products. Their customers include The Garden Centre Group, B&Q, Tesco, Wilkinson, and Morrisons.