MKM Building Supplies, the UK’s proper builder’s merchant, has reported strong results for the year ending 30 September 2024, with revenue up 6.4% to £986 million – outperforming the wider market.

This growth is driven by MKM’s customer-first approach, strong local branch expertise, and wide product availability.

We've added 11 new branches during the year, bringing the total to 132. This includes 8 new greenfield sites, 2 branches from the acquisition of HVAC specialist Oceanair, and 1 MKM branch acquisition.

 

 

MKM also strengthened its offer with:

• The acquisition of Oceanair, enhancing its HVAC range including air source heat pumps
• The acquisition of Tradeshake, supporting customers with legal contracting tools
• Continued growth in tool hire, with 3 more in-branch openings, now available at 17 branches

 

 

Profits for the year were £77 million (2023: £88 million), reflecting market conditions and continued investment in new branch development.

MKM continues to go from strength to strength, investing in its people, branches, and services – staying true to its promise of being a builders’ merchant built around it's customers.

 

Kate Tinsley, CEO of M.K.M Building Supplies Limited, said:

“MKM had a strong 2024, significantly outperforming the sector and growing revenues, despite a tough market. We added 11 new branches and kept our focus on great customer service and product availability.

The market seems to be stabilising with lower interest rates and better consumer spending, leading to more property transactions and mortgage approvals. We're in a good position to benefit from these positive trends and are excited about the year ahead”.

 

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