TRAILBLAZERS MKM
MKM THE NUMBERS
Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
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
23/24 9.9
27.0 3.4 1.2
322
10,845 18.8 214
21/22 818.0 224.6
58,867 49,501 2,328
22/23 926.8 246.8 41,958 23,366 2,755
23/24 986.2 266.4 33,174 12,202 3,059
% CHANGE
22/23 13 10
(29) (53) 18
% CHANGE
22/23 5
(3)
(37) (58) (4)
(40) (55)
23/24 18 1
(26) (51) (4)
(29) (43)
23/24 6 8
(21) (48) 11
MKM opened in 1995, when founder David Kilburn faced redundancy at nearly 50 years old. Instead of slowing down, he teamed up with friend Peter Murray and opened a builders merchant in Hull with no yard, no credit accounts and just six people. Every order back then was celebrated with the ring of a fire bell.
In 1996, MKM opened its second branch in Driffield, led by Geoff Ulloytt, who had previously worked with Kilburn. Instead of simply hiring a manager, he was offered something different – a stake in the branch. That was the foundation for MKM’s growth, with every branch led by local Branch Directors, who know and understand their local area. The company has continued to expand across the country, on this basis, with a small number of acquisitons where appropriate. The latest branch is on Dallow Road in Luton, which opened at the end of March. To celebrate its 30th anniversary, the company launched the MKM Foundation, a new charitable foundation created to strengthen the business’s long- standing commitment to local communities across the UK.
MGM Timber
MGM TIMBER THE NUMBERS
22/23 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 22/23 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
13.3 25.2 5.8 5.8 371
21,679 40.3
23/24
14.2 26.2 4.4 4.4
340
15,009 28.9
24/25
13.9 25.9 2.7 2.7
307
8,205 22.9 (196)
79.8 20.1
4,661 4,661 215
23/24
75.8 19.8
3,347 3,347 223
24/25
71.8 18.6
1,920 1,920 234
MGM TIMBER % CHANGE
23/24 (5) (1)
(28) (28) 4
% CHANGE
23/24 7 4
(24) (24) (8)
(31) (28)
24/25 (2) (1)
(39) (39) (10) (45) (21)
24/25 (5) (6)
(43) (43) 5
King James Business Centre, Riverview Business Park, Friarton Road, Perth PH2 8DG
www.mgmtimber.com Tel: 01738 472036
Branches: 15 Showrooms: 14 Employees: 234
CEO (James Donaldson Group) Andrew Donaldson
Executive Chairman: (James Donaldson Group): Michael Donaldson CFO (James Donaldson Group) Alyson Donaldson Managing Director: (James Donaldson Timber) Iain Torrance Managing Director: (MGM Timber & Nu-Style Products) Steve Galbraith
BMF Member: Yes Financial year end: September 30 2024 April 2026 A supplement to builders merchants journal
MGM Timber (Scotland) Ltd, established in 199, has been part of the James Donaldson Group since 2005, along with sister companies: Donaldson Timber Engineering, James Donaldson Timber, James Donaldson Insulation, Nu-Style, Timbercut4u, Rowan Manufacturing and Smith and Frater. There are 15 timber merchant branches across Scotland.
27
MGM TIMBER • MKM BUILDERS MERCHANTS: A-Z MKM
Stoneferry Road Hull
HU8 8DE Tel:01482345678
www.mkm.com
Branches: 143 Showrooms: 123 Employees: 3326
Chairman: Richard Bishop Managing Director: Kate Tinsley Other Directors: Mutliple Branch Directors
Approximate turnover for 2025: £1.1bn BMF Member: Yes
Financial year end: September 30 2024
The MKM Foundation will provide a more joined-up way to support national and local causes, while still giving branches the freedom to fundraise, donate and volunteer in ways that matter most to their local communities. In its first year, the MKM Foundation will support three chosen charities, alongside the hundreds of community initiatives already led by MKM branches nationwide. The organisations supported in the Foundation’s first year are Macmillan Cancer Support, Pancreatic Cancer UK and Yorkshire Air Ambulance. The charities were selected through a nomination and voting process involving MKM colleagues and the families of much-loved team members who have sadly passed away in recent years. The MKM Foundation will also provide funding to support smaller, local causes.
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