30 January 2012 – trading statement
The group’s results for the year to 31 December have been adversely affected by an ongoing insurance claim regarding an accident at its Gibraltar plant. Underlying trading remains in line with expectations although the group has claimed for £2.5m with this being disputed by the company’s insurers. If the amount in dispute is not paid out then Nature’s results for the year to 31 December will be adversely affected by this amount leading to pre-tax profits of just £1.5m against previous forecasts of £5.0m. In the circumstances there are better opportunities elsewhere and so we lower our recommendation to SELL.