A cash and carry operator which serves the building, heating and plumbing sector has changed its status to aid its expansion.
After 22 years as a Public Limited Company, Stax has reregistered as a Private Limited Company and will now be known as Stax Trade Centres Ltd.
Joint Managing Director David Hibbert said this change comes as Stax looks to expand, with the new status bringing the company more freedom and flexibility.
He said: “We have ambitious plans to grow the business and we need to ensure that we have the correct framework in place to implement those plans.
“We’ll be able to respond more rapidly to our customers, and to concentrate more closely on improving the levels of service and support they’ve come to expect from us.”