BUILDERS MERCHANTS: A-Z BUILDER DEPOT • BRADFORDS B Bradfords
BRADFORDS THE NUMBERS
18/19 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 18/19 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
FOUNDED IN 1770 by William Bradford, Bradfords is still a 100% family owned business and has circa 1000 employees.
Starting out mainly supporting the local agricultural community in the south west, Bradfords developed along with its customer base through the Industrial revolution, and it was the arrival of the railways which really catalysed Bradfords’ growth. Jabez Bradford, William’s grandson, opened the first office on a line at Yeovil Hendford: the same site of our Yeovil branch and head office today.
In 2019, the group sold its importing and timber distribution business Snows Timber, and refocused the rest of its business on the merchant market. The board’s long-term plan is to increase the branch operation in the South West to 60 branches. In 2019, it acquired Penzance based Solo Building Supplies, relocated the Sherborne Branch in Dorset to a purpose-built site and a new branch opened in Helston
Builder Depot
BUILDER DEPOT LTD was founded in 2001 on industry experience of over 100 years as a specialist in timber & plywood. It has 4 warehouse based London branches, strategically located along the North Circular between North to West London. There are kitchen and bathroom showrooms at the Staples Corner, West Hampstead and New Southgate branches, the latter being the largest merchant site in London.
16
in January 2020. The company is a member of the H&B buying group.
In 2021, the company opened a new branch in Glastonbury, which includes one of the first Sustainable Home Centre showrooms in the UK. The in-branch Sustainable Home Centre has been created in collaboration with Renewable Equipment Solutions (RES), a local Somerset provider of sustainable energy efficient heating and ventilation solutions. From live heat pumps and underfloor heating, to solar panels and vehicle charging points, the centre will showcase sustainable solutions for domestic dwellings available on the market. Young said: “The Glastonbury branch is centrally located across our sites on the M5 corridor. Not only is it an ideal building to effectively accommodate everything you’d expect from a builder’s merchants, it also provides us the opportunity to launch this new offering.”
The company has continued its commitment to sustainability,
BUILDER DEPOT
Citroen Wells, Devonshire House, 1 Devonshire Street London W1W 5DR
www.buildersdepot.co.uk Tel: 02089200800
Branches: 4 Employees: 363
Managing Director / Directors: Michael Arnold Aaronson, Hilda Aaronson, Chee Choong Cheah (Secretary)
Members of: BMF,
Return on capital % BMJ INDEX
7.8
30.3 nil nil
181
(13,779) nil
2019 4.7
31.9 0.6 0.2
131 744 0.8
2020 6.4
32.2 2.6 2.3
204
5,316 13.5 n/a
174.3 52.8
(13,255) (13,775) 962
2019
93.8 29.9 532 200 715
2020
156.0 50.3
4,072 3,576 766
TRAILBLAZERS
% CHANGE 2019 n/a n/a n/a n/a (26)
% CHANGE 2019 (40) 5
(107) (103) n/a n/a n/a
2020 n/a n/a n/a n/a 7
2020 37 1
360 975 n/a n/a n/a
Changes to Bradfords’ year-end mean that 2019 is 8 months v 12 in 2018/19, and 2020 is 12 months v 8 in 2019, so all YOY figures are n/a
BRADFORDS
98 Hendford Hill, Yeovil, Somerset, BA20 2QR
www.bradfords.co.uk Tel: 01935 842245 Branches: 45 Showrooms: 15 Employees: 870
2020 Recorded Turnover: £156m 2021 turnover (est): £203,8m
CEO David Young Finance Director Lee Harwood % Heavyside / Lightside / Timber Sales: 55% / 20% / 25%
Members of: BMF, NMBS, H&B
launching sustainability training, a series of sustainability events for customers and appointing an initial team of Sustainability Champions across its network.
The group is also committed to supporting the communities it
BUILDER DEPOT THE NUMBERS
2018 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 2018 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
13.0 28.8 1.7 2.1
265
4,512 16.1
2019
11.1 28.4 1.8 2.1
260
4,593 14.3
2020
11.1 30.3 2.0 2.2
279
5,587 12.3 235
106.7 30.7
1,814 2,215 402
2019
108.0 30.7
1,906 2,246 415
2020
96.6 29.2
1,933 2,146 346
operates in, and has continued its sponsorship of grass roots sports with partnerships in rugby union with Cornish Pirates and Exeter Chiefs, as well as continuing its partnership with Somerset Cricket Club.
% CHANGE 2019 1
(0) 5 1 3
2020 (11) (5) 1
(4) (17)
% CHANGE 2019 (15) (1) 4 0
(2) 2
(11)
2020 0 7
13 7 7
22 (14)
A supplement to builders merchants journal April 2022
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