Having initially announced its intentions in May, the Independent Builders Merchant Group (IBMG) has now confirmed that its “Restructuring Plans were approved by the UK Court at a sanction hearing held on 9 July 2025.”
Following the successful hearing, IBMG reports that “the implementation of the Plans has recapitalised the Group, materially strengthened the balance sheet and delivered a significant reduction in financial indebtedness.” Furthermore, as part of the restructuring, the Group’s senior lenders have become the new shareholders of the Group.
IBMG states that it has consequently “rolled out a comprehensive communications plan, including briefings with all key staff across its entire network and a dedicated webinar for partner suppliers.”
Martin Stables, CEO at IBMG, commented: “The Group is confident that this transformational restructuring provides a strong financial foundation for a resilient, thriving future for our business. I want to express my deep gratitude to our colleagues, suppliers, and customers for their unwavering support throughout this period.
“As we embark on our next chapter with the support of our new owners, we remain committed to continuing to deliver exceptional value and service to our customers and stakeholders and achieving our ambition to be the Local Merchant of Choice.”
Further details will follow in due course…
