LEAGUE TABLES Staff
Another powerful reminder of TP’s dominant position in the market: a total of 67,375 people worked for the UK’s top 55 merchants in the latest financial reporting period – and very nearly 30% of them worked for Travis Perkins. In fact TP employed more people than Stark (Jewson), Huws Gray, and Wolseley combined. But here’s a sign of the times – combine the staff headcounts of IBMG, National Timber Group, Grant & Stone, Rawle Gammon & Baker, Parker Building Supplies and Paintwell, and it adds up to 4,489 people working indirectly for Turbo Acquisitions 10 Topco Ltd, controlled by Cairngorm Capital Partners. That’s nearly as many as are employed by Wolseley UK, and many more than are there are working for Highbourne. The speed with which Cairngorm has built a powerful position in the merchant market – and the size of that position – is quite staggering.
Stockturn
This table has always shown that not all builders merchants run on the same model, hence there is a vast difference between the highest and lowest stockturn figures achieved. But we thought it worth exploring how today’s post-pandemic stockturn figures compare with those from 10 years ago. The answer: not at all well. We identified 36 companies from this list for which we had comparable 2015 data, and compared the latest figures with the earlier ones. Of those 36 companies, only eight recorded a higher stockturn figure in the 2024 Trail Blazers than in 2015. One company matched its performance from 10 years ago. The remaining 27 merchant businesses all saw stockturn rates decline – in some cases quite alarmingly so. Why this has happened isn’t clear; possibly it’s a result of panic buying by merchants during the pandemic, when supply chains were disrupted and there was a tendency to buy whatever you could get. Has that resulted in merchants now holding more stock– possibly far more stock – than they actually need? At all events, it will be interesting to see how long it takes the industry to get back to something like 2015’s levels of efficient stock management.
Source: BMJ analysis of filed company accounts.
STAFF HEADCOUNT: CAIRNGORM GETS SERIOUS
1. Travis Perkins 2. Stark
3. Huws Gray 4. Wolseley UK 5. Highbourne 6. Grafton/Selco 7. MKM 8. IBMG
9. UK Plumbing Supplies 10. National Timber Group 11. Brewer
12. Bradford & Sons 13. Lords
14. Lawsons 15. Haldane Shiells
16. Howarth Timber Supplies 17. JT Atkinson
18. Nicholls & Clarke 19. Sydenhams 20. LBS
21. Grant & Stone 22. EH Smith 23. Covers 24. Williams 25. RGB
26. James Hargreaves 27. J T Dove 28. Markovitz
29. Parker Building Supplies 30. Elliott Bros
31. Builder Depot
32. Robert Price & Sons 33. Joseph Parr 34. James Burrell 35. MP Moran
36. Boys & Boden 37. Beesley & Fildes
38.Walter Tipper
39. Myers Building Supplies 40. C&W Berry
41. Alsford Timber 42. John Nicholls 43. Carver
44.MGM Timber 45. Kellaway 46. Turnbull
47. Champion Timber
48.Frank Key 49. Crossling
50. County Building Supplies 51. Paintwell
52. Beggs & Partners 53. PGR Timber 54. Beatsons
BMJ LEAGUE TABLES SPONSORED BY
55. Robert Pochin 56. John A Stephens 57. Strukta Group 58. Browns
6
19,956 9,040 5,451 4,720 3,616 3,039 2,328 2,227 2,121 1,399 1,271 893 880 784 723 586 527 476 469 465 462 441 409 389 377 359 344 333 324 324 323 306 291 288 279 272 271 267 246 240 240 231 218 215 215 214 211
209 201 164 162 155 147 146 141 109 100 84
TRAILBLAZERS
STOCKTURN: MUCH SLOWER THAN BEFORE
1. Browns
2. MGM Timber 3. James Burrell 4. Builder Depot 5. Beatsons 6. C&W Berry
7. Parker Building Supplies 8. Markovitz 9. MKM
10. Strukta Group 11. EH Smith 12. Kellaway 13. Brewer
14. Joseph Parr 15. Lords 16. Stark
17. Bradford & Sons 18. John A Stephens
19. County Building Supplies 20. Haldane Shiells 21. Turnbull 22. Frank Key 23. J T Dove 24. IBMG 25. Covers
26. Robert Pochin 27. John Nicholls
28. Beesley & Fildes 29. Beggs & Partners 30. Elliott Bros 31. RGB
32. Williams
33. Grant & Stone 34. Travis Perkins 35. Huws Gray 36. Lawsons 37. LBS
38. James Hargreaves
39. National Timber Group 40.Wolseley UK
41. Myers Building Supplies 42. PGR Timber 43. Carver
44. UK Plumbing Supplies 45. Alsford Timber 46. Crossling 47. JT Atkinson
48.Robert Price & Sons 49. Grafton/Selco
50. Howarth Timber Supplies 51. Highbourne
52.Walter Tipper 53. MP Moran
54. Nicholls & Clarke 55. Champion Timber 56. Sydenhams 57. Boys & Boden
58.Paintwell
16.5 13.3 12.2 10.6 10.6 10.5 9.6 8.7 8.0 7.8 7.7 7.6 6.9 6.8 6.8 6.6 6.6 6.5 6.3 6.2 6.1 6.0 5.9 5.8 5.8 5.5 5.3 5.3 5.2 5.2 5.1 5.0 5.0 5.0 4.8 4.8 4.8 4.7 4.5 4.4 4.3 4.3 4.3 4.3 4.2 4.2 4.0 4.0 4.0 3.9 3.9 3.6 3.6 3.4 3.3 2.8 2.3 2.2
A supplement to builders merchants journal April 2024
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