London Stock Exchange welcomes Lords Group Trading plc to AIM
London Stock Exchange today welcomes Lords Group Trading plc to AIM in order to accelerate the Company’s growth strategy.
Lords Group Trading is a leading distributor of building materials in the UK. The Company distributes building, plumbing, heating and DIY goods and principally sells to local tradesmen, small to medium sized merchants, construction companies and as well as retailing directly to consumers.
Established over 35 years ago, Lords started life as a family business with its first retail unit in Gerrards Cross, Buckinghamshire. Since then, the Group has grown to a business operating from 33 units with a combined turnover in excess of £285 million. The Group’s businesses have experienced strong organic growth and remain well placed to take advantage of future favourable conditions in the RMI market.
The Group is seeking Admission to accelerate organic and inorganic growth strategies, including increasing geographic reach, product expansion, the active expansion of e-commerce platforms and the continued investment in its logistical capability. Lords has already established a strong track record of inorganic growth, having successfully completed more than 13 well performing acquisitions in the last 10 years.
Shanker Patel, Chief Executive of Lords Group Trading, commented: “I am delighted for Lords Group Trading be admitted to London Stock Exchange’s AIM today. I am proud to be leading the Group as it begins its life as a public company and, supported by our new shareholders, look forward to growing Lords in the years to come.
“During the past 35 years our team has worked hard to build a leading business model, uniquely combining merchanting, distribution and e-commerce with a heavy focus on the buoyant RMI market. We are not just recognised for our successful business model, but importantly we are proud of our company culture. This is a key pillar of what makes Lords Group Trading successful and a key part of our growth going forward. We will always be a family business at our heart.
“We are delighted to begin trading on AIM today and we’d like to thank all of our shareholders and our staff for their support and commitment.”