Nurture Landscapes, has acquired two new businesses with support from HSBC UK.
HSBC refinanced Nurture Landscapes’ existing funding package to total £35m. The bank has supported the recent acquisitions of Grace Landscapes, and Essex firm, Enterprise Plants. These have seen the company’s turnover increase to £80m.
Operating under the Nurture Landscapes brand from 2019, Grace Landscapes will help strengthen the company’s offering in the north of the country. Enterprise Plants will double the existing plant display business. It will also increase the Nurture group’s clientele across London and the home counties. The company’s recent growth has meant it now employs more than 1,100 people across the country.
Peter Fane, managing director of Nurture Landscapes, commented:
“This year has been extremely exciting for the ‘Nurture family’. Since the start of 2018, we have increased our annual sales by £45m. We feel privileged to welcome such strong, quality businesses. HSBC UK has been so supportive of our journey over the last 10 years. They offer us flexibility and show a thorough understanding of our business needs and vision.
“Both Grace Landscapes and Enterprise Plants bring a wealth of knowledge and experience that we value hugely. We’ve known these businesses for decades and look forward to continuing to deliver their excellent services.”
Nick Hicks, area director for Sussex and Surrey Corporate Banking at HSBC UK, added:
“Nurture Landscapes has been on a steep growth curve over the last 12 months. Our relationship director Luke Howard has supported this every step of the way. The acquisition of these two companies made perfect sense for Peter and his team, who are already setting their sights on the next venture. We look forward to continue providing financial backing to such an ambitious company.”
Peter and his team at Nurture Landscapes have plans to substantially increase their sales over the next five years. They have aspirations to grow organically by £8-10m per year and acquire two businesses with sales of between £8m and £10m each year.
Nurture Landscapes’ business consists of landscape maintenance, winter gritting, plant displays and design and build construction. The majority of Nurture’s turnover attributed to landscape maintenance to the corporate sector.