M.K.M Building Supplies Announces Strong Financial Performance

M.K.M Building Supplies Limited, the UK’s largest independent builders’ merchant, has announced full year results for the period ended 30th  September 2022.

Highlights:
• 24% increase in annual revenues to £818m (2021: £658)
• 7.3% increase in profits, in line with expectations, to £91m
• 12 additional branches added during the year
o 9 greenfield branch openings

o 3 branch acquisitions
o 6 additional branches opened since year end, bring total to 109
• Organic growth from both new openings and established branch network
• Product availability and customer service underpins increase in market share
• Further job creation with headcount up 14% to 2523 at period end
• CO² emissions per £1m of sales reduced by 18% due to energy saving initiatives including:
o increased use of renewable power, including the installation of solar panels
o introduction of low emission vehicle fleet
o LED lighting upgrade programme
• Continued strong focus on supporting local and national charitable causes

Kate Tinsley, CEO of MKM Building Supplies, said “The 2022 results reflect another strong performance for MKM. This was supported by a dozen new branch openings as we continued to consolidate our position as the UK’s leading independent builders’ merchant. Strong sales resulted from ensuring sector leading product availability, as well as continued investment in staff and training. Passing our 100th store opening was a significant milestone and we now have branches from Scotland to Cornwall and Wales to East Anglia. Despite the increased footprint, we firmly remain a local company wherever we operate and are pleased to have made meaningful contributions to the communities we serve, which is at the heart of the way MKM operates.”