TRAILBLAZERS T Travis Perkins
The full year-end results for 2022 for Travis Perkins plc were released just too late to be used in the compiling the Trailblazer tables. However, the headline figures for the year were that revenue across the group rose 8.9% to £4.99bn, with revenue in the merchanting segment up by 10.3% to £4.22bn and operating profit up 2.8% to £329m. Toolstation had a more difficult year, with revenue rising only 1.9% to £775m. Reflecting on the year, CEO Nick Roberts said that 2022 will ultimately be remembered as a challenging period during which the Group’s operational agility was once again tested. “After a strong start to the year, with elevated levels of activity in the residential sector, both consumer and business confidence were eroded by the impact of rapidly rising energy and commodity prices driven by the war in Ukraine and the rise in interest rate expectations following September’s “mini- budget,” he said.
“Alongside a weakening demand outlook, our teams have had to carefully manage unprecedented levels of materials cost inflation and steeply rising overhead costs,” he continued. “In the second half of the year we made some difficult decisions in response to the weaker trading environment and we continue to be watchful of market trends. Investment continues in our
TRAVIS PERKINS THE NUMBERS
2019 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 2019 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
5.6
30.8 3.3 2.6 231
7,721 3.5
2020 5.2
20.1 1.3 nil
210
2,632 nil
2021 4.5
28.5 0.1 0.1
244 185 0.1 (9)
6,955.7 2,143.0 232,100 180,800 30,059
2020
6,157.5 1,236.4 77,100 (7,700) 29,288
2021
4,586.7 1,308.8 3,485 3,056 18,833
strategic growth programmes including selectively exploring new destination branches for the Travis Perkins General Merchant, rolling out Toolstation in both the UK and Europe and investing in growing our value-added services, notably Hire, Benchmarx kitchens and our Staircraft business, always being mindful to flex the pace of the programme to reflect market conditions.”
% CHANGE
2020 (11)
(42) (67) n/a (3)
% CHANGE
2020 (7)
(35) (62) n/a (9)
(66) n/a
2021 (14) 42
(94) n/a 16
(93) n/a
2021 (26) 6
(95) n/a (36)
Among the significant changes in 2022 was the refurbishment of the head office, now referred to as The Hub (also known as Ryehill House), which supports over 700 colleagues, including most of the Group’s support function employees, and provides a bright and modern workspace. Individual offices, corridors and filing cupboards have been replaced with an open plan workspace with bookshelves and green walls, which give a ‘home from home’ feel. There is a range of working areas, including hot desks, breakout areas, meeting rooms and booths.
A significant reduction in the April 2023 A supplement to builders merchants journal
TRAVIS PERKINS
BUILDERS MERCHANTS: A-Z TRAVIS PERKINS
Ryehill House, Rye Hill Close,
Lodge Farm Industrial Estate, Northampton NN5 7UA
www.travisperkins.co.uk Tel:01604 752424
Brands: Travis Perkins Benchmarx Toolstation CCF
Keyline BSS Staircraft
Branches: 1488 Travis Perkins 550 BSS: 50 CCF: 40 Keyline: 40
Showrooms: 160 Benchmarx Kitchens & Joinery Showrooms
Employees: 20,000 (group)
Chair: Jasmine Whitbread CEO: Nick Roberts CFO: Alan Williams COO: Frank Elkins Chief HR Officer: Emma Rose Managing Director Travis Perkins James Mackemzie Managing Director Toolstation Angela Rushforth Managing Director Keyline: Dean PInner
Managing Director CCF: Catherine Gibson
Managing Director BSS: Dave Castle
Product mix: Heavyside 48% Lightside 22%
Plumbing & Heating 17% Timber 13%
Members of: BMF
carbon footprint of the building has been achieved by considering everything from lighting, to heating and cooling and the trial of recycled paint for the walls. The building benefits from a move to a 100% renewable electricity tariff and investment in energy efficiency solutions, such as LED lighting, the installation of solar panels and electric vehicle charging points. Measures have also been put in place to optimise recycling and make it a paperless office.
The Group also plans to swap its diesel forklift trucks - up to 1,100 - with electric versions by mid 2024. Known as Project Switch, this will help to achieve a 27% reduction in the Group’s vehicle and plant fleet emissions by 2027. Other steps include trialling alternative fuels and providing training for drivers to ensure they operate the machinery and trucks in the most energy efficient way.
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