BUILDERS MERCHANTS: A-Z COVERS • E H SMITH C Covers
COVERS 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
COVERS BEGAN trading in June 1846 at a site around the canal basin in Chichester, West Sussex. Originally founded by William Cover, who was eventually joined by his son David in the 1850s, the company has remained a family run business throughout after it was bought by the Green family in the 1940s. Today, Covers has more than 400 staff and its annual
E 5.8
34.1 5.5 5.4
188
10,287 12.3
2019 5.8
35.2 4.9 4.6
181
8,795 9.7
2020 5.8
35.7 5.6 5.5
154
8,635 8.5
(672)
sales exceed £90 million. Rupert Green, chairman said: “Our 175th year of trading is a huge landmark in the company’s history, and we are absolutely delighted to be celebrating it with our customers, staff and suppliers. “We are extremely proud to be part of a company that is so rich in heritage and intrinsically connected to the communities it
E H Smith E H SMITH
Westhaven House, Arleston Way Solihull West Midlands B90 4LH
www.ehsmith.co.uk Tel: 01217137100
Established in Birmingham in 1922, and therefore celebrating its 100th anniversary this year, the branch network consists of 12 trading locations throughout the Midlands and South East which have been serving local trade professionals and home improvers for many years.
EH Smith stock over 30,000 lines of quality building supplies and trade products. It specialises iin Bricks & specialist masonry, Timber products, Civil engineering solutions, Insulation, Paving & landscaping, Painting and decorating, General building supplies,Self-build project services, Kitchens and bathrooms
Branches: 12 Employees: 460
CEO / Chairman: John Parker Managing Director : Mark Setchell Marketing Director: Mark Mallinder
91% Heavyside / 8% Timber / 1% Lightside
Members of: BMF, NMBS, Fortis
The EH Smith Builders Merchants team is made up of over 450 members of staff across our various branches and offices. All of staff are encouraged to undertake continuous training in products and customer service, ensuring that they deliver the best
serves. We have come a long way since the early days, consistently investing in our depots, vehicles and state-of-the-art timber machinery so we can offer unrivalled products and service to our trade and DIY customers. Covers has grown due to a dedicated team of staff – many of whom have been with us for twenty to forty years or more.”
possible customer experience. Investment continued through the last two years, including the opening of a kitchen and bathroom showroom in Henley-In-Arden and the EH Smith London Design Centre in Clerkenwell. There was also an influx of new HGVs and tipper trucks to add to the delivery fleet. Other projects due to be completed are new Payroll and HR software projects and a new trading website.
E H SMITH yr end June 30 2021 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 £
Return on capital % BMJ INDEX
10.2 24.1 2.2 2.1
310
6,815 11.0
19/20 8.4
24.6 1.4 1.4
260
3,693 6.1
20/21
10.2 25.8 5.3 5.2
353
18,704 22.3
1076
142.4 34.4
3,135 3,049 460
19/20
119.5 29.4
1,695 1,665 459
20/21
143.3 36.9
7,594 7,520 406
% CHANGE
19/20 (16) (14) (46) (45) (0)
19/20 (17) 2
(36) (35) (16) (46) (45)
20/21 20 25
348 352 (12)
% CHANGE
20/21 22 5
274 277 35
407 268
81.0 27.6
4,444 4,393 432
2019
79.5 28.0
3,861 3,651 439
2020
63.0 22.5
3,523 3,455 408
COVERS
% CHANGE 2019 (2) 1
(13) (17) 2
2020 (21) (20) (9) (5) (7)
% CHANGE 2019 0 3
(11) (15) (3)
(15) (21)
2020 0 1
15 19
(15) (2)
(12)
Quarry Lane, Chichester West Sussex, PO19 8PE Tel: 01243785141
www.coversmerchants.co.uk
Branches: 15 Showrooms: 5 Employees: 425 2020 turnover: £62.99m 2021 turnover: £91.24m Chairman: Rupert Green Managing director Henry Green Other directors: James Bowry, Sean Clarke, Roger Lewis, Nick Walker Phil Walford, Steve Weston, Neil Woods.
2021 Estimate THL Split: 38% Heavyside / 10% Lightside / 52% Timber
Members of: BMF, NMBS, Fortis
TRAILBLAZERS
22
A supplement to builders merchants journal April 2022
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88
