Lords Group Trading appears to have a chosen a good time to float on AIM with current trading at record levels.
The builders’ merchant plans to increase revenues to £500m a year by 2024. That is a more than 50% increase on the current annualised figure, and it will require a significant amount of acquisition activity. Lords Group Trading already has plenty of experience as a consolidator. Management will spend time with potential sellers to understand why they are selling and the culture of the business.
There are around 900 independent builders’ merchants in the UK and there is ...
