TRAILBLAZERS UK Plumbing Supplies
UK PLUMBING SUPPLIES THE NUMBERS
2021 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 2021 Stockturn Gross margin %
Operating margin % Net margin %
Sales/employee £k Profit/employee £ Return on capital % BMJ INDEX
4.1
25.4 3.0 2.4
332
10,122 54.2
2022 4.3
27.5 5.4 4.5
382
20,669 68.9
2023 5.3
27.6 3.8 2.3
372
14,259 28.9 (16)
UK Plumbing Supplies, a subsidiary of Marlowe Holdings Limited, has built up a range of subsidiary plumbers merchant brands via acquisition over the past few years.
It operates from over 300 individual locations and serve all aspects of the marketplace from plumbing and heating to bathrooms and renewables. The group’s plumbers merchant brands comprise: GB Willbond, Heating Plumbing Supplies (HPS), Plumbcity, Plumbstop, Plumbstore
Wolseley UK
WOLSELEY UK THE NUMBERS
21/22 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 21/22 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
4.8
24.7 3.7 8.5
386
14,391 37.5
22/23 4.4
24.6 4.0 3.9
396
15,914 16.9
23/24 4.8
23.0 1.4 1.9
381
5,284 7.5
(27)
Trading conditions remained challenging in the six months ended 31 January 2025 and the Group performed well against this backdrop. The financial performance for the six months
ended 31 January 2025 was a small decline in organic revenue and profitability against the same period in the prior year. Wolseley has partnered with Panasonic Heating & Cooling to
April 2025 A supplement to builders merchants journal
1,729.9 427.2
64,557
146,236 4,486
22/23
1,869.8 459.4
75,114 73,107 4,720
23/24
1,794.2 413.0
24,900 33,500 4,712
% CHANGE
22/23 8 8
16
(50) 5
% CHANGE
22/23 (8) (1) 8
(54) 3
11 (55)
23/24 9
(6)
(65) (52) (4)
(67) (56)
23/24 (4)
(10) (67) (54) (0)
616.2 156.7
18,767 14,509 1,854
2022
809.4 222.4
43,838 36,708 2,121
2023
803.0 221.3
30,757 18,815 2,157
21/22 31 42
134 n/a 14
% CHANGE
21/22 3 8
78
n/a 15
104 n/a
22/23 25 0
(29) (48) (2)
(31) (58))
UK PLUMBING SUPPLIES • WOLSELEY UK BUILDERS MERCHANTS: A-Z
% CHANGE
22/23 (1) (0)
(30) (49) 2
CROSSLING THE NUMBERS
2021 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 2021 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
(Plumbing & Heating Supplies), Bathroom Centre, Gas Centre Holdings, Farr & Harris Millbrook Distribution & Spares, Crossling and Plumbase, as well as a plumbers merchant business in Oxfordshire called UK Plumbing Supplies, with seven locations. HPS has 37 branches across the south branches from Dover to Maidenhead and Poole. Plumbase, acquired from the Grafton Group in 2019, has 136 branches; there are also 59 Graham branches acquired
4.4
27.1 8.3 8.3
250
20,665 12.9
2022 4.2
29.1 10.5 10.8 245
25,806 15.3
2023 4.3
29.5 6.2
18.7 259
15,980 22.1 128
from Saint Gobain, and in 2023 UK Plumbing Supplies added Keystone Contracts (Bristol) Ltd and AMS Plumbers Merchants Holdings Ltd.
In January 2024, it bought north-east family-owned plumbing merchant Crossling, which brought a further 15 branches, and its trading divisions Stokplas at Doncaster and Northern Tools & Accessories.
The figures for Crossling are included here as they pre-date the acquisition.
provide support to commercial sector installers transitioning from traditional gas boilers to advanced, eco-friendly solutions. The group has continued to invest, notably in the fleet, in expanding the hire offering , and upgrading trade counters across the Group. In addition, a new purpose-built facility for the utilities sector was opened during the period in Chesterfield; to enhance the Group’s fulfilment capabilities and stock capacity. The group also extended its reach into the energy efficiency sector with the acquisiotn of R.E.S - Renewable Equipment Solutions, Logicool Air Conditioning and Heat Pumps Ltd and Bluebay Building Products Ltd.
The group reports that business remains in a strong financial position and that there continues to be good long term growth opportunities.
47.7 12.9
3,947 3,962 191
2022
49.3 14.3
5,187 5,342 201
2023
51.6 15.2
3,180 9,647 199
% CHANGE
21/22 3
11 31 35 5
21/22 (4) 8
27 31 (2) 25 19
22/23 5 6
(39) 81 (1)
% CHANGE
22/23 4 1
(42) 72 6
(38) 4)
UK PLUMBING SUPPLIES
Quayside 2a, Wilderspool Park, Greenalls Avenue, Stockton Heath, Cheshire, WA4 6HL
Brands: Willbond, HPS, Abode, NTA PlumbStop, Sparesbase, Plumbase, UKPS, MDS, Plumbstore, PlumbCity, Keystone Contracts, Gas Centre, Michael Pavis, Graham, Plumbco, CorgiDirect, Crossling, Farr & Harris, Stokplas,
Branches: 317 Employees: 2157 Directors: Angus Falconer, Tony Hogg, Gordon Love, Douglas McNair, Steve Wimbledon, William Woof, John McKerracher BMF Member
WOLSELEY UK
2 Kingmaker Court Warwick Technology Park Gallows Hill Warwick Warwickshire CV34 6DY Tel: 01926 705000
www.wolseley.co.uk
Subsidiary brands: William Wilson , Burdens Civils, Fusion Utilities, Wolseley Managed Services. Northern Heating, Bassetts, DHS, Neville Lumb and Ideal Bathrooms, Heat Merchants, Tubs & Tiles and Hevac, CP Hart (majority stake) Logicool Holdings, Bluebay,
Branches: 527 Plumb Centre: 400+ William Wilson 20 showrooms 18 Burdens: 16 Pipe Centre: 40
Employees: 5,046
COO John Hancock CEO: Simon Gray Managing Director Wolseley Pipe Centre and Climate Centre: Peter Grierson
BMF Member Yr end: 31/07/24
35
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
