Leading Forres-based business Christie-Elite goes up for sale
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A LEADING Forres-based business established in 1819 has gone up for sale.
Christie-Elite, one of the best known UK growers of commercial tree species for timber production, will go up for sale for offers over £3,000,000.
Tom Stewart of Galbraith, who are handling the sale, said: “Christie-Elite is renowned for the quality of its trees and has an outstanding reputation based on over 200 years of experience.
“For sale as a going concern, this is a rare opportunity to acquire a successful business in the flourishing forestry sector.
"Timber is in huge demand globally and in the UK we currently import 80 per cent of our timber, so there is enormous potential to meet domestic and international demand. In addition, government targets for new tree planting and increased provision of hedgerows on farmland further boosts demand for premium growing trees.
“Christie-Elite has a significant range of bespoke buildings, plant and machinery in addition to the landholding, which is highly productive. The purchasers could potentially further develop the business, subject to the necessary planning consents.”
The business' turnover is currently circa £1.8 million with a production volume of six to eight million trees per annum.
The landholding extends to about 53.3 acres of freehold land and about 109 acres leasehold.
The nursery also holds significant built assets on site including a range of heated and equipped polytunnels and stores used in connection with the growing and storage of the tree crop.
The business is located on the outskirts of Forres in the 'Laich o' Moray' area.
More information can be found here.
