50 jobs safeguarded at Woolsington garden centre
The award-winning Cowell’s Garden Centre, which was established in 1978 by Alan and Mavis Cowell, was left facing an uncertain future with the end of the business’ current tenure drawing closer and the landlord pursuing plans to develop the site for residential housing.
The search to secure a new home for the business, which is now run by co-directors Martin Cowell and Jane Keating, Alan and Mavis’ children, alongside financial controller Darren Woodmass began in 2012 when they first sought guidance from Gordon Brown, a consultant at Gordon Brown Law Firm LLP (GBLF).
With the family still struggling to find a suitable location by late 2017, Mr Brown recommended they put in an offer to the landlord to purchase the site – an offer which was accepted, with the deal having now completed.
Martin said: “Following a long period of uncertainty for the business, we can now call Woolsington our permanent home.
“We are extremely grateful to our team of trusted advisors at GBLF, Tait Walker and HSBC who all worked seamlessly as a team to help us navigate what was a complicated process.
“Working in such a collaborative way was integral to ensuring we were able to acquire the site.
“We are also very thankful to our dedicated team, which has remained loyal to us, as well as the local community who have supported us over the years.
“We are delighted to have been able to safeguard the future of the business and our employees’ livelihoods as we celebrate four great decades, and we look ahead to the next 40 years, and beyond.
“Securing the site forms a key part of our strategic growth plan which will allow the business to thrive, as we further expand our range of plants and nursery products over the next three to five years, whilst creating new jobs.”
The successful family business, which produces over 60,000 plants per year, has bloomed from its humble beginnings of selling plants and fertilizer in a Kenton Bank Foot post office to being housed in the nine-acre Woolsington site, with three generations of the Cowell family helping the business to grow.
Gordon Brown, consultant at GBLF, added: “I am pleased to have instigated the acquisition of the Woolsington site by the Cowell family.
“After nearly four decades working in law, this deal epitomises the great pleasure that being a business’ trusted legal advisor can bring.
“When the family came to me for legal advice, they were at a crossroads as to how to secure the future of the business.
“Last year it became obvious to me that the solution was to seek the acquisition of the freehold, enabling them to safeguard the rights to permanent residency and future investment.
“Once it had been established that the landlord was prepared to countenance a deal, with the expert assistance of the others in the professional team we quickly achieved the required outcome for the client.
“Having achieved that outcome, Cowell’s Garden Centre’s future success is assured due to their acknowledged commitment to excellence in product and service offerings.”
Paul Shields, associate partner at Tait Walker, added: “Having worked with the Cowell family for many years providing business and financial advice, we were pleased to be able to support with the acquisition of the company’s Woolsington site.
“Although it was a complex transaction, by working so closely with the team at Cowells, GBLF and HSBC at every stage of the process we were able to deliver the best deal possible for the business.
“This deal gives Cowell’s Garden Centre the peace of mind and flexibility needed to grow the company and bring more jobs to the area, which had they not been able to secure the site, they wouldn’t have been in a position to do. We wish the business a successful future as it invests in its premises.”
Published: 14 June 2018