Independent builders merchant Builders’ Merchant Company Ltd has completed a management buyout, and appointed two new directors to further enhance the management team.
With branches in Lincolnshire and Humber regions, BMC has grown steadily over the last four years, and now has four branches, with a projected turnover in 2021 of circa £12m.
The management buyout was led by new shareholders 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. heralds a new era for Builders’ Merchant Company. This has provided the appropriate structure to make possible future growth plans a reality for the management team and staff.
The new Board would like to thank George Jewitt, managing director of the previous holding company, Glenrock, for his dedication in the past years as the principal shareholder in BMC. Hewitt is remaining a shareholder within the company his grandparents started and added: “I am pleased the reigns 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.”
Steve Quigley the BMC regional operational manager has become operations director, having begun with the company six years ago, as branch manager Hull, and has developed strongly over the years.
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.
Commenting on the plans for future, the Thomsons said: “We have always wanted our own business, and here we are 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. There are 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.”