Intergreen has confirmed a review of operations after Tesco cut it out of its horticultural supply chain.
The Dutch-owned business operated from a state-of-the-art industrial facility off the A63 in East Yorkshire, as well as in Spalding, Lincolnshire, as a sister company to JZ Flowers International.
The 140,000 sq ft site at Newport hit the market in September as the contract with the UK’s leading retailer came to an end, with the company declining to comment on the move.
Now, in results just published, company secretary Nick Mannoussakis said: “Following a lengthy tender process, Tesco has decided not to renew its contract with the company to supply flowers and plants for its UK business.
“The company will be reviewing its operations and pursuing new opportunities in the UK market.”
An outcome appears to have been the closure of the East Yorkshire site, where it is understood more than 300 people worked.
Figures for the calendar-aligned year of 2019 - with the contract then served - saw sales of £19.7 million, down 0.3 per cent on 2018, with profits consistent at £388,000.
It was delivered with a staff at 512, though all eyes will be on next year’s performance as it seeks to recover from the huge contract loss.
The Dianthus Business Park site at Newport was held on a £1 million a year lease from Newport Buildings - a sister company to JZ and Intergreen, with a 10 year arrangement, expiring next January.
It is now under offer according to commercial agent Garness Jones.
