N I


headquarters back to the UK for of Wolseley UK, is to move its Ferguson plc, parent company


Wolseley taxes back to UK base Half-year revenu


UK b


its headquarters to Switzerland US business of that name, moved its revenue that comes from its Ferguson plc to match 83% of The group, which renamed itself tax purposes.


policy.


UK base ue in the USA


UK Coalition government’s tax “clear enough view” on the then nine years after failing to obtain a q


remained good, the group reports, and the busines ses continued to take market sha residential mark In the UK plumb markets were fla Total UK revenu months to Janua


are. In Canada, kets weakened. bing and heating


ary 31 2019 was ue for the six at.


(£22.8m) was do though trading from $1,354m (


$1,177m (£894m), down 10.4%


own 16.7%. profit, at $30m £1029m), al- m), down 10.4% y


James Burrell announces an l


set of results for the year to have again posted an impressive James Burrell Builders Merchants


will be supplemented with another in Morpeth during the year and this future. A new branch was opened business to further invest in its cash generation has enabled the £64m. On top of this, strong with turnover now exceeding in both turnover and profitability performance has led to a growth October 2018. This strong financial


results, the comp 2019. In addition new facility in Ro


support services offices, both in centre and the relocation of the closure of the national distribution continues that includes the A restructuring programme


our estimates of group organic Martin, said: “We have revised Ferguson chief executive John Leamington Spa.


growth plans from 6%. ans from 6%. nother strong year


pany has achieved n to the financial otherham in April


by a robust balance sheet.” the business which is underpinned improving cash generation within results, but we h are we delivering current performa “We are delighte Steve Richardson delivery vehicles. FORS accreditatio


nce sheet.” Lakes launch 100% recyclable packaging


packaging is now 100% eco- development Lakes’ new product After months of research and


will remove approximately 2,000 The improved packaging alone friendly.


landfill, and nearly two million kilometres of ba


following the co in the January 2


arly two million anding a year from


Lakes’ announcement is timely, pieces of polysty


019 Bathroom oncerning statistics ncement is timely, yrene.


Polypipe welcomes royal visitor Polypipe was giv


the Princess Roy al. The Princess w


250-listed multin Polypipe chief ex


al visitor


ven a royal seal of approval last week during a visit by HRH was escorted on a guided tour of one of the FTSE


national’s manufacturing sites in Doncaster, Yorkshire, by xecutive Martin Payne, chief operating officer Glen Sabin


and Polypipe Building Products managing director Cameron McLellan. The 85-minute and moulding fa and its sustainab to commemorat flowers by McLe old Isabelle.


Payne said: “W


Royal to our site training facilities


e visit included seeing Polypipe’s market-leading training acilities in action, and a talk on the history of the business bility objectives. Her Royal Highness also unveiled a plaque te her attendance before she was handed a bouquet of ellan’s daughters, Charlotte, aged twelve, and eight-year-


s and our use of cutting-edge technology.” e. She spent time chatting with our staff, learning about our We are naturally delighted to have welcomed the Princess


April 2019 www.buildersmerchantsjournal.net


main recyclable material in the the UK is used in packaging – the 44.3% of plastic consumption in report, which reported that Manufacturers Association (BMA)


bathroom industry.


ich is underpinned generation within have a strong and g some impressive ance. Not only ed with the n commented, Managing Director on across its 38


growth to between 3% and 5%.”


represents a halving of Ferguson’s In its wors


s a halving of Ferguson’s st-case scenario, that o between 3% and 5%.” group organic


br ex


Co to fo at


N BRIEF NEWS


Scott Parnell will be


xpanding its Milton Keynes ranch.


The company has


acquired additional space at


Scott Parnell Milton ootprint. Branch Manager o double its existing olts Holm Road in order its current location on


co un an cu ex pr “O Ke


Bu


to Ch


Ti fo Sp pr


ontinue to be open.” ndertaken, the branch will nd whilst work is being ustomers and suppliers; xperience for all our rovide an enhanced Our new branch will eynes Phil Everest, said:


uilding Supplies has Howarth Timber &


launch of its new branch in ne ex


o 32.


on Chester Road, has at


The branch, located Broughton Works n Chester Road, has


reviously been trading as pringfields Timber, is now ormally trading


th to ne re He Br


of Timber & Building Supplies.


e site into a major mixed o develop and expand ew branch, but I’m excited sponsibility to launch a eath said: “It’s a big ranch manager Gavin mber & Building Supplies.


ffer merchant.” D


ren the fac


Supplies. T


named as NYEs Building D.W. Nye has been


The rebrand follows e company’s recent


announcement that it will be


e expanding the existing cilities with the addition


of a new 1000m2 warehouse and office. The family ow aff


wned merchantis already fectionately referred


to as NYEs by its existing cus


stomers. Managing director Rex Nye said “We


logo, website and depot.” by ou tho


rector Rex Nye said “We ought it was time to give ur identity a fresh new look revamping our name, go, website and depot.”


7


b & Building Supplies. as Howarth


hester, bringing the total unch of its new branch in etwork with the recent xpanded its nationwide


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