12 new trade centres across the UK
Stevenswood is set to open 12 new trade centres across the UK.
The Livingston-based company aims to grow turnover by £10 million as it increases its geographic footprint and expands its range of products and services throughout the country.
The firm has seen significant growth since being acquired by Cairngorm Capital in November 2016 –merging with trade-suppliers Polyframe Trade Centres, Sameday Trade Frames and Truemans, and organically adding five new trade centres to its portfolio in 2018.
Generating turnover of more than £35 million, the company has a portfolio of 38 trade centres across the UK and employs 180 people. The growth programme will be led by managing director Joe Trueman who was appointed in 2017 following the Truemans acquisition.
“In the past year we’ve continued to fine-tune the business, expanding the product range available to our customers and creating the platform for future growth by investing in our infrastructure and systems,” Joe said.
“Our strategy will shift towards organic branch opening. In the coming months we will finalise new locations but expect the majority to open in the south of England. We will be looking to take on an additional 50 staff to help manage and operate these centres.
“In addition, we will be looking to expand the range of services we provide our trade customers, using technology to make it easier to buy and collect our products. We have ambitious growth plans, but that’s what has driven the success of the business to this point. The strength of the organisation is testament to the hard work and talent of our workforce, combined with support from Cairngorm Capital.”