BUILDERS MERCHANTS: A-Z MKM • MYERS MKM
MKM THE NUMBERS
20/21 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 20/21 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
8.3
28.5 8.5 7.1
349
29,656 107.3
21/22 8.0
27.5 7.2 6.1
351
25,287 72.9
22/23 8.4
26.6 4.5 2.5
336
15,230 32.8 505
MKM, which opened its first branch in Hull in 1995, has branches across England, Scotland & Wales from Redruth to Elgin Norwich and Llandudno. Each site is run independently by its branch directors and their hand-picked teams, supported by a Central Support office in Hull. This means the branches benefit from the local knowledge and expertise of their teams.
In 2023, the company acquired four branches and a distribution centre from independent builders and plumbers merchant John Nicholls. The branches, in Banbury, Rugby, Bicester, Kidlington, and Long Hanborough (distribution only) were rebranded as MKM.
During 2024, MKM added 11 Myers
MYERS THE NUMBERS
20/21 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 20/21 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
28 4.6
31.4 12.7 12.6 247
31,400 61.5
21/22 4.3
27.9 9.6 9.3
204
19,537 37.4
22/23 4.4
27.4 6.8 6.4
211
14,432 30.1 40
44.5 14.0
5,652 5,598 180
21/22
50.1 14.0
4,806 4,680 246
22/23
50.8 13.9
3,478 3,253 241
MYERS % CHANGE
21/22 13 0
(15) (16) 37
% CHANGE
21/22 (5)
(11) (25) (26) (17) (38) (39)
22/23 1
(2)
(29) (31) 3
(26) (19)
22/23 1
(1)
(28) (30) (2)7
5 Barr St. Off Leeds Rd Huddersfield HD1 6PB Tel: 0148453531
www.myersgroup.co.uk
Subsidiaries: - Myers Building & Timber Supplies, Skip Hire, Readymix, Johnsons Wellfield. Branches: 16 Employees: 350
Managing Director: James Berry, Director: Katie Berry
Buying Group: Fortis NMBS BMF Member
Yr end: 31/09/23
Established in 1973, Myers Group is a fourth-generation family owned group based in Huddersfield. Its offer ranges from skip hire, aggregates and Readymix concrete to kitchens, bathrooms and timber.
There are 16 merchant branches, with the latest acquisition, in January 2024, of the branch in Delph, previously part of Holmebuild. Based at Gatehead Mill off Delph New Road, the location opens up opportunities the Saddleworth area, whilst complementing the existing branches in Milnsbridge and Brighouse
A supplement to builders merchants journal April 2025
658.4 187.8
55,871 46,819 1,884
21/22
818.0 224.6
58,867 49,501 2,328
22/23
926.8 246.8
41,958 23,366 2,755
MKM % CHANGE
21/22 24 20 5 6
24 % CHANGE
21/22 (4) (4)
(15) (15) 1
(15) (32)
22/23 5
(3)
(37) (58) (4)
(40) (55)
22/23 13 10
(29) (53) 18
Stoneferry Road, Hull, HU8 8DE Tel: 01482345678
http://www.mkm.com
Branches: 131 Showrooms: 120
Branches Added/Closed in 2024 5 added / 3 acquisitions – Oceanair, Tradeshake & MKM Dumfries St Mary’s (formerly Rab Corber Bathrooms Ltd.) Employees: 3100
Chairman Richard Bishop Managing Director: Kate Tinsley, Other Directors: David Kilburn, Neil Croxson
Approximate turnover for 2024: £986m
Buying Group: STTA, TDUK NMBS BMF Member Yr end: 30/09/23
branches, eight of them new greenfield operations.
In February 2025, MKM opened four new branches, The new branches are: MKM Plymouth, on February 3rd, MKM Bridgend, on February 10th, MKM Bangor on February 17th, and MKM Cheltenham on February 24th. The company issued its headline results for the year to September 30 2024 as Trailblazers went to press, however the full accounts will be too late to be used for the 2025 Trailblazer tables. The merchant saw revenue rise by 6.4% for the full year to September 30 2024, on the back of an expanding branch network Sales for the year were £986m (2023: £927m), and profits were £77m, down from £88m in 2023,
reflecting market conditions during the period and the greater proportion of immature branches. Kate Tinsley OBE, CEO of M.K.M Building Supplies said: “MKM had a strong 2024, significantly outperforming the sector and growing revenues, despite a tough market. We added 11 new branches and kept our focus on great customer service and product availability. The market seems to be stabilising with lower interest rates and better consumer spending, leading to more property transactions and mortgage approvals. We’re in a good position to benefit from these positive trends and are excited about the year ahead”. The company believes it is
TRAILBLAZERS
well positioned to benefit from any improvement in the market, based on continued investment in the business and new branch openings.
Ongoing investment
consistently supports the business and customer offer, despite short- term market challenges. Branch openings included eight greenfield sites and three acquisitions. This included the acquisition of Oceanair, a specialist distributor of heating, ventilation & air conditioning products, including air source heat pumps, with two branches. The remaining single branch, which was of a local bathroom provider, was purchased to enter a market area.
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