Construction Materials Online (CMO) has reported sales of £38.6m in 2018, with 46% growth, making the business now double the size when compared to 2016.
CMO supplies a range of over 70,000 construction materials to DIY and the trade. It has seen a 35% increase in customers and site visits to its online stores; roofingsuperstore.co.uk, drainagesuperstore.co.uk, insulationsuperstore.co.uk, and doorsuperstore.co.uk.
Sue Packer, Chief Financial Officer of CMO, commented: “Responding to the needs of our B2C customers and growing base of trade customers is the key driver to our success. It’s also the reason we feel confident about our growth initiatives for the coming year and beyond.”
CEO, Andy Dunkley, added: “CMO is a ground-breaking business that adds value to our customers (builders, contractors and direct consumers) by offering industry leading product choice and service, in partnership with leading manufacturers. We’ve been working hard to add innovative products to the range and ramping up specialist training for teams. We’re raising the bar in the industry with an ambitious strategy to continue our significant growth.”
2018 saw the acquisition of DoorWeb which has been integrated into CMO’s online platform as doorsuperstore.co.uk. It is said to be going from strength to strength, achieving record sales since its October launch. A move into new premises also accommodated the company’s 90-strong staff, along with upgraded warehouse management, stock and financial systems, providing a platform for future growth.
James Excell, Investment Director at KCP, joined the CMO board following the private equity firm’s investment of £8.65m in 2017. He added: “CMO is on track for an extremely strong year, having pioneered e-commerce in construction and hitting a sweet spot which combines efficient delivery, better service and better pricing.”
