TRAILBLAZERS IBMG
IBMG THE NUMBERS
2022 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 2022 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
5.8
29.6 -0.9 -6.6 278
(2,482) -119.9
Independant Builders Merchant Group was formed by a series of acquisitions across the UK builders merchant sector, starting in 2018, with Parker Building Supplies, adding, among others, Grant & Stone in November 2019, RGB, BuildIt and Total Plumbing in March 2021.
In September 2021 it created the largest builders merchants
Huws Gray
HUWS GRAY THE NUMBERS
2022 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 2022 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
4.9
29.1 5.2 4.5
290
14,972 24.7
2023 5.2
28.1 1.4 0.6 275
3,827 2.7
2024 4.8
29.3 3.0 2.1
279
8,390 8.1
(78)
Founded in 1990 from a single branch in Gaerwen, Anglesey, Huws Gray has rapidly expanded over the past 30 years, through organic growth and acquisitions. This includes East Anglian independent Ridgeons in 2018, and Grafton Group’s UK
merchanting operation in 2021, as well as smaller independent merchant businesses. In 2025, the group launched a major rebrand, aimed at bringing together all the brands and businesses acquired over the years under one, simple logo and brand.
April 2026 A supplement to builders merchants journal
Spearheaded by chief commercial officer Adrian Wallington and the Huws Gray leadership team, the new branding features a vibrant colour scheme, and four building blocks, arranged into a vague star shape.
This, CEO Daksh Gupta said at
the time, reflects the aim of “unit- ing our people behind the North Star in terms of the Huws Gray mission”.
The new branding was initally rolled out digitally, with upgrades to transport and building fascias following in due course.
21
1,619.7 471.2
83,499 72,561 5,577
2023
1,402.4 394.1
19,483 8,209 5,091
2024
1,326.3 389.1
39,952 27,500 4,762
HUWS GRAY % CHANGE
2023 (13) (16) (77) (89) (9)
% CHANGE
2023 7
(3)
(73) (87) (5)
(74) (89)
2024 (9) 4
117
254 1
119 199
2024 (5) (1)
105 235 (6)
Llangefni Industrial Estate (Head Office) Llangefni Anglesey Wales
LL77 7JA Tel: 01223498609
www.huwsgray.co.uk/
Branches: 228 Showrooms: 78 Employees: 4762
Chairman: Terry Owen Managing Director: Daksh Gupta Other Directors: Adrian Wallington
Approximate turnover for 2025: £135.89M
BMF Member 2023 6.5
29.3 -3.4
-10.0 276
(9,462) nil
2024 6.8 29.3
-24.9 -32.1 288
(71,585) nil
(800)
group in the south of the UK with the merger of Grant & Stone Group and IBMG. While it retained many of the local merchanting brands across its buisness, it operates as one integrated company led by a single management team. Its reach extends from Cornwall to Kent and comprises builders’ merchants, kitchen and bathroom
showrooms, roofing merchants, a timber processing site, and a dedicated e-commerce buisness. In May 2025, it launched a financial and operational restructuring programme across 13 of its merchant brands, to recapitalise the group, and reduce debts. The restructuring plans were approved by the UK Court at a sanction hearing held
619.5 183.6
(5,527) (40,911) 2,227
2023
621.7 182.2
(21,280) (62,431) 2,249
2024
592.4 173.7
(147,321) (190,449) 2,058
IBMG % CHANGE
2023 0
(1)
n/a n/a 1
% CHANGE
2023 12 (1)
n/a n/a (1)
n/a n/a
2024 5 0
n/a n/a 4
n/a n/a
2024 (5) (5)
n/a n/a (8)
Chaucer Business Park, Unit J1-J4 Franklin House, Dittons Rd, Polegate BN26 6JF Tel: 01825748400
www.independentbm.com/
Branches: 140 Showrooms: 22 Employees: 1746
CEO: Matthew Parker Director: Richard Robinson
Approximate turnover for 2025: £592m BMF Member: Yes
Financial year end: December 31 2024
on July 9, leading to a change of control between the Group’s then shareholders and its Senior Lenders.
As part of the restructuring a number of branches were closed across the portfolio, and a new CEO, Matthew Parker joined the group at the begining of 2026, following the departure of Martin Stables.
IBMG • HUWS GRAY BUILDERS MERCHANTS: A-Z
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