MKM outlines ambitious growth plans

MKM outlines ambitious growth plans

Hull-headquartered MKM Building Supplies is looking to build on its solid growth in 201415 by expanding its presence across the UK.

Revenue at the group rose by 18 % in the 12 months to September 2015, reaching £252m, up from £213m in the same period of the previous year.

EBITDA and operating profit climbed further, both rising 27% to £17.1m and £15.9m respectively, in a trading year described by executive chairman David Kilburn as “excellent”.

Kilburn, who is joint-founder of the company, said:  “Market conditions are improving with increased activity among house builders and construction companies as well as a strong RMI market. This gives MKM the confidence to roll out an ambitious expansion plan over the coming years.

“We have major plans to open new branches across the UK over the next five years. Trading remained strong in the first quarter of our financial year and there is nothing to suggest that won’t continue.

“Our plan, therefore, remains focused on the strategy that has delivered our success to date – controlled yet significant organic growth year-on-year by incentivising our branch directors, extending our product range, opening new branches and investing in our digital agenda.”

The company currently has branches stretching from Perth in the north to Deal in Kent in the south, and as far west as Southport, with particular strongholds in Yorkshire, Lincolnshire, Scotland and the North East.

MKM Building Supplies was established in 1995 by David Kilburn and Peter Murray and has achieved significant growth throughout this period.