With four branches across North Lincolnshire and Yorkshire, Builders’ Merchant Company is pleased to announce the completion of a management buyout, and the appointment of two new directors to further enhance the management team.
The business is reportedly the largest independent builders’ merchant in the Lincolnshire and Humber region, and has grown steadily over the last four years with a projected turnover in 2021 of circa £12 million. The MBO heralds a new era for the firm, and is said to have provided the “appropriate structure to make possible future growth plans a reality for the management team and its staff”.
Leading the MBO, the new shareholders are existing Managing Director Duncan Thomson, and Financial Director, Jane Thomson – a husband and wife team, who have headed the operational role for the last 11 years.
Commenting on the plans for future, the pair said: “We have always wanted our own business, and after many years of hard work, this is now a reality. Our strategy has been a minimum for five branches in five years and we are currently identifying a number of opportunities and developments for us to explore in the near future. Exciting times ahead!
“As with any important business change, we will always continue to work closely with our customers and suppliers, ensuring our customers will always receive the same high standards they have always expected.”
Duncan and Jane have now appointed two new directors. Firstly, Steve Quigley, BMC Regional Operational Manager, has accepted the position of Operations Director having first joined the company six years ago as Branch Manager for the Hull depot. Non-Executive Director David Hewitt has accepted the role of Chairman, and brings with him a wealth of experience from the business world and will help to support the management teams’ future growth strategy.
The new Board has thanked George Jewitt, Managing Director of the previous holding company, Glenrock, for his dedication in the past years as the principal shareholder in BMC. George is remaining a shareholder within the company his grandparents started and he said: “I am pleased the reins of BMC are in the safe hands of Duncan and Jane, and the new holding company, Thomson Building Supplies Ltd, and I am sure it will go from strength to strength.”