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Founded Year

1985

Stage

IPO | IPO

Date of IPO

7/20/2021

About Lords

Lords Group Trading is a specialist distributor of building, plumbing, heating, and DIY goods within the construction and home improvement sectors. The company offers a range of materials and products through its merchant businesses and online platform, catering to tradesmen, small to medium-sized merchants, construction companies, and the general public. Lords Group Trading operates through two main divisions: Merchanting, which provides building materials and DIY goods, and Heating and Plumbing, which distributes heating and plumbing products to independent merchants and installers. It was founded in 1985 and is based in London, England.

Headquarters Location

12-15 Hanger Green

London, England, W5 3EL,

United Kingdom

+44-0-20-766-5000

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Latest Lords News

Lords Group eyes benefit from shift in demand towards heat pumps

Jan 24, 2024

Lords Group eyes benefit from shift in demand towards heat pumps January 24, 2024 at 09:26 am EST Share (Alliance News) - Lords Group Trading PLC on Wednesday said it expected overall revenue growth boosted by increasing demand for its Plumbing & Heating division, while it eyes a decline in revenue from Merchanting. The London-based building materials' distributor said it expects revenue to have grown 2.8% in 2023 to GBP463 million. For 2022, it had posted a revenue of GBP450.0 million. The company expects a 7.8% revenue boost from plumbing & heating to GBP248 million in 2023, compared to GBP229.3 million it had posted for 2022. However, Merchanting revenue is set to have declined by 2.4% to GBP215 million in 2023. For 2022, Lords Group had reported Merchanting revenue of GBP220.8 million. Looking ahead, the company said: "Lords is well-placed to benefit from a shift in demand towards air source heat pumps, enjoying successful and growing trading relationships with six air source heat pump manufacturers and achieving 60% revenue growth across its wider renewables range in FY23." Chief Executive Officer Shanker Patel said: "Our scale and profitability in both Merchanting and plumbing & heating have benefitted from our organic growth levers as we build our geographic footprint, extend our product range and build our digital sales expertise. We maintain an ongoing ability to execute earnings enhancing mergers & acquisitions, but balance sheet discipline remains a core consideration. In that regard, it is pleasing to report net debt reduction ahead of market expectations. As market conditions improve, we are confident that we are exceptionally well positioned for growth." The company will release its 2023 results in May. Lords shares fell 4.9% to 40.42 pence each on Wednesday afternoon in London. By Tom Budszus, Alliance News slot editor

Lords Frequently Asked Questions (FAQ)

  • When was Lords founded?

    Lords was founded in 1985.

  • Where is Lords's headquarters?

    Lords's headquarters is located at 12-15 Hanger Green, London.

  • What is Lords's latest funding round?

    Lords's latest funding round is IPO.

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