Lords was established over 35 years ago as a family business with its first retail unit in Gerrards Cross, Buckinghamshire. Since then, the Company has grown to a business operating from 48 sites with a combined turnover in excess of £450m*. The Group aims to become a £500 million turnover building materials distributor group by 2024 as it grows its national presence and enhance EBITDA margins by 1.5% over the medium term.
*FY22 Trading Update
Our strategy & market opportunity
The Group is principally focused on the growing Repairs, Maintenance and Improvement (RMI) market, with approximately 80 per cent. of the Group’s demand focused on this segment of the construction market.
The Group seeks to grow through a variety of organic and inorganic strategies, including geographic reach, product expansion, the active expansion of e-commerce platforms and the continued investment in its logistical capability. The Group’s businesses have experienced strong organic growth and remain well placed to take advantage of future favourable conditions in the RMI market, as well as having acquired more than 15 family run or independent businesses in the last 10 years, successfully integrating teams and bringing them into our own company culture whilst using the Group’s expertise to supercharge growth.
Who we serve
The Group’s main clients are local tradesmen, hardware stores, plumbing and heating merchants and construction companies, that use Lords’ deep product knowledge to source and procure a wide variety of building products. Customers are offered an excellent buying experience, enabled by the longstanding industry experience held by both the senior management team and employees of Lords, and enhanced through access to a diverse range of suppliers.