Forestry firm enjoys record growth

by | Feb 12, 2015 | Featured Slider, Latest, News

Forestry management company Scottish Woodlands has reported its best year with turnover up by almost £10m and operating profits showing an increase of close to 25%.

The company saw sales reach £73.8m for its financial year ending 30 September 2014, up from £63.9m in 2012/13 – an increase of nearly 16%.

Operating profit climbed from £1.23m to £1.56m and net retained profit was up from £560,000 to £1.1m. The company, which is 80% employee-owned, is now harvesting more than one million tonnes of timber per annum on behalf of its clients.

In his report to Scottish Woodlands annual meeting, held last week, chairman Tom Bruce Jones said all the company’s business streams had operated profitably.

He wrote: “Timber harvesting activity increased from 954,936 tonnes (in 2012/13) to 1,082, 188 tonnes, reflecting the strong demand for domestically grown timber as well as the currently rising available harvest from UK forests. Demand for forestry investments remained high through 2013/14, which – when coupled with new woodland creation and the flow of re-stocking following harvesting, maintained a stable demand for the Company’s forest management services. Utilities and landscaping activity also increased and the outlook remains strong in these sectors.”

Colin Mann, managing director of Scottish Woodlands, welcomed the results and said they reflected the continuation of a consistently strong performance since a management-led buy-out of Scottish Woodlands in 2005.

“We are delighted with these results, which reflect the excellence and commitment of our staff, the continuing and underlying strength of the business and our ability to provide clients with a high-quality, independent service,” Mr Mann added. “Our success shows it is possible to deliver successfully to clients, customers, staff and shareholders – based on the bedrock of our employee ownership involvement – a factor which, I believe, sets us apart from our competitors.”