TRAILBLAZERS M MGM Timber
MGM TIMBER yr end September 30 THE NUMBERS
17/18 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 17/18 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
11.9 25.7 5.1 5.1
246
12,604 59.4
18/19
11.9 24.0 4.3 4.3
267
11,490 43.4
19/20
18.7 25.4 3.7 3.7
378
13,991 42.1 n/a
47.3 12.2
2,420 2,421 192
18/19
53.4 12.8
2,298 2,298 200
19/20
80.2 20.4
2,966 2,966 212
% CHANGE
18/19 13 5
(5) (5) 4
18/19 (0) (7)
(16) (16) 8
(9) (27)
19/20 n/a n/a n/a n/a 6
% CHANGE
19/20 n/a 6
(14) (14) n/a n/a n/a
MGM Timber (Scotland) Ltd was established in 1991 and has grown to become Scotland’s local independent timber merchant of choice for both trade and retail customers. It has 14 branches across Scotland and since 2005 has been part of the James Donaldson Group of companies. It is a wholly owned subsidiary of the group, along with sister companies: Donaldson Timber Engineering, James Donaldson Timber, James Donaldson Insulation, Nu-Style, Timbercut4u, Rowan Manufacturing and Smith and Frater.
MGM TIMBER
King James Business Centre, Riverview Business Park, Friarton Road, Perth PH2 8DG
www.mgmtimber.com Tel: 01738 472036
Branches: 14 Showrooms: 14 Employees: 215 2020 Turnover: £52m 2021 turnover (estimated) £75m CEO / Chairman: Michael Donaldson Managing Director David Mansell Sales Director – Brian Smith, Business Development Director – Grant Wilson
% Heavyside / Lightside / Timber Sales: Timber and Joinery Products – 85%
Members of: BMF
MGM TIMBER • MKM•
BUILDERS MERCHANTS: A-Z
MKM
MKM BUILDING SUPPLIES, was founded in Hull in 1995, and the company’s Central Support office is still based there. Over the years it has expanded via its oner-director model and now has branches covering the UK from Inverness and Oban down to Honiton in Devon and across to Deal in Kent and Norwich. The latest branch opening was in Bolton, Lancashire.
The financial results for the year ending September 2021, although released, were not published at Companies House in time to make the financial tables.
However, the headline results are that there was a 40% increase in annual revenues and an even stronger profit performance, increasing by 63% to £84.6m. The group saw the addition of 18 branches, 12 of the by organic growth and 6 by via three bolt-on acquisitions.
Neil Croxson, CFO said: “Despite the challenging backdrop, we are pleased to report that MKM has continued to perform well. The financial performance is characterised by solid results, both at the top and bottom line. This reflects the unwavering professionalism and dedication of our staff who are committed to providing the very best customer service,
MKM
Stoneferry Road, Hull, HU8 8DE 01482 345678
www.mkmbs.co.uk
Branches: 94 Employees: 1,700
Chief executive: Kate Tinsley Other directors: David Kilburn, Neil Crowson (CFO)
% Heavyside/lightside/timber sales: 58%/21%/21%
Members of: BMF, PHG
encouraging customers to keep returning to our branches, despite the challenges of COVID. It was also a year of continued investment, with the addition of 18 new branches, including 6 acquisitions, which will support ongoing growth of the business in the current year and beyond. I would like to take the opportunity to thank all our staff, customers and suppliers for their ongoing commitment and support”. During the year, initiatives undertaken enabled CO² emissions per £1 of sales to be reduced by 12%, with overall emissions increasing in-line with the size of the business. Initiatives to reduce emissions included replacing lighting with LED equivalents, switching to a new electrical tariff, delivering 100%
April 2022 A supplement to builders merchants journal
MKM yr end September 30 THE NUMBERS
17/18 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 17/18 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
12.3 27.6 7.5 6.2
292
21,793 144.8
18/19
10.9 28.4 6.8 5.5
302
20,490 67.1
19/20
10.9 28.4 6.3 4.6
284
17,819 40.5 187
393.8 108.6
29,377 24,538 1,348
18/19
457.7 129.8
31,063 24,982 1,516
19/20
470.2 133.7
29,544 21,784 1,658
% CHANGE
18/19 16 20 6 2
12 % CHANGE
18/19 (11) 3
n/a n/a 3
n/a (54)
19/20 (0) 0
(7)
(15) (6)
(13) (40)
19/20 3 3
(5)
(13) 9
renewable energy, investing in solar panels, and expending the Company’s fleet of electric forklift trucks, electric plug-in hybrid cars and compressed natural gas HGV vehicles.
The company says that it continues to see strength in the
local building supply market, sustained demand in the core RMI market, as well as for new builds, post pandemic. This confidence is reflected in the Company opening new branches in Bolton, Sutherland, and Skelton in the current year.
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