North East and Yorkshire builders’ merchant announces £4.5m investment

A North East and Yorkshire independent builders’ merchant has announced its largest investment to date of £4.5m.

James Burrell has secured a four-acre site at Billingham which is progressing well and will see the opening of their 11th branch in August.

This current round of investment will strengthen and advance James Burrell’s customer service offering through both logistical operations and reinforced personnel.

In addition the business will be receiving 12 new HGV wagons into its fleet at a cost of £1.5m to enhance the operational and delivery capability, and the number of crane vehicles will increase to 40.

Recently filed accounts at Companies House for the year to October 2021 reflect a strong business performance with turnover 34 per cent up on the year at £91.6m, and 27 per cent ahead of pre-Covid results from two years earlier.

Improvements in the working capital position and a further reduction in the debt burden represent an impressive strengthening of the balance sheet, leaving James Burrell perfectly placed to pursue further growth opportunities.

Mark Richardson, managing director, James Burrell, commented “The last two years have been a real team effort. As a multi-generational family owned and managed business, our priorities have been the health and safety of our staff, customers and suppliers.

“Our industry has been challenged by the impacts of Covid, the constant pressure of supply chain disruption and significant price increases. Despite these we have found a way to maintain a strong service-based growth within the business.”

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