Gateshead's James Burrell reveals 'strong' results with £64m turnover
James Burrell Builders Merchants has released its set of results for the year to October 2018.
This strong financial performance has led to a growth in both turnover and profitability with turnover now exceeding £64m.
On top of this, strong cash generation has enabled the business to further invest in its future. A new branch was opened in Morpeth during the year and this will be supplemented with another new facility in Rotherham in April 2019.
Managing director, Steve Richardson, said: “We are delighted with the current performance. Not only are we delivering some impressive results, but we have a strong and improving cash generation within the business which is underpinned by a robust balance sheet.”
He added: “This has given us the ability to invest in our future and exploit the opportunities before us. These latest two branches offer our customers an improved level of service in our trading area. At the same time, we have been able to improve our professionalism by achieving FORS accreditation.
“We are constantly looking for ways to drive the business forward and improve our service offering. We pride ourselves in the quality of our staff and see the benefit that brings in the long-term stability of our core workforce. All of which delivers exceptional customer service.”
This will be the 10th branch for the independent builders’ merchant whose business covers the area stretching from South Yorkshire up to the Scottish borders.
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