Market Opportunity
Market Opportunity - £55bn market opportunity
Market Drivers - long term structural growth
Changing
demographics
are
fuelling the need for
new
buildings
Only 36% of buildings
are
maintained to a satisfactory
level
=
high future demand
27.8m homes across
the
UK - our markets
have vast potential
Targeting the buoyant RMI market
Lords is favorably focused on the Repairs, Maintenance and Improvement ('RMI') sector of the wider construction market
Competitive environment - highly fragmented
The builders merchant market is highly fragmented - 2,300 merchants with Nationals making up 51% of revenues
