Builders' Merchant Company Ltd announces management buyout

Builders’ Merchant Company Ltd (BMC) is pleased to announce the completion of a management buyout and the appointment of two new directors. BMC is the largest independent builders’ merchant in the Lincolnshire and Humber region, with four branches, and a projected turnover of around £12million in 2021.

The management buyout has provided a structure that will make possible future growth plans a reality for the management team and staff.

The new Board would like to thank Mr George Jewitt, Managing Director of the previous holding company, Glenrock, for his dedication in the past years as the principal shareholder in BMC. George will remain as a shareholder within the company his grandparents started. He said: “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.”

The new shareholders, are 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. Duncan and Jane have appointed two new directors. Steve Quigley, the BMC Regional Operational Manager, accepted the position of Operations Director. Steve began with the company six years ago, as Branch Manager Hull, and has developed strongly over the years, and is well deserving of this position.

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.

Duncan and Jane 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. 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.”