Despite a challenging backdrop the merchant continued to perform well.
M.K.M Building Supplies, the UK's largest independent Builders merchant, has announced full year results for the period ended 30 September 2021.
Highlights:
• 40% increase in annual revenues (2020: 2.7%)
• Strong profit performance, increase of 63% to £84.6 million
• 18 additional branches
• 12 new branch openings and six branches acquired, via three bolt-on acquisitions
• Organic growth across existing branch network
• Debt successfully refinanced, reflecting financial strength of the business
• Carbon dioxide emissions per £1 of sales reduced by 12%
• Continued strong focus on supporting local and national charitable causes
Neil Croxson, CFO of MKM Building Supplies, said: "Despite the challenging backdrop, we are pleased to report that MKM has continued to perform well. The financial performance is characterised by solid results, both at the top and bottom line. This reflects the unwavering professionalism and dedication of our staff who are committed to providing the very best customer service, encouraging customers to keep returning to our branches, despite the challenges of COVID.
"It was also a year of continued investment, with the addition of 18 new branches, including 6 acquisitions, which will support ongoing growth of the business in the current year and beyond.
"I would like to take the opportunity to thank all our staff, customers and suppliers for their ongoing commitment and support."
