Selco openings boost Grafton’s bottom line
International builders merchanting and DIY Group Grafton recorded revenue growth of 8.6% to £1.45 billion in H1 2018 (2017 H1: £1.33 billion). Like-for-like group revenue rose 3.8% in the period, covering 1 January to 30 June 2018. Further Selco branch openings and the hot and dry May and June made up for a very cold […]
Selco to create 400 jobs and 8 new branches this year
Selco, which opened its 60th branch this February in York, will have created 400 jobs this year. The national builders merchant has a major branch expansion programme to enhance its presence over the country. Selco has already opened branches in Solihull, the aforementioned York and Milton Keynes in 2018, with St Albans, Leicester, Chelmsford and second branches […]
Selco owner Grafton hits £2.3 billion revenue so far in 2017
Selco owner Grafton reported revenue growth in the first nine months of 2017, up 9.1% to £2.3 billion (2016: £2.11 billion, like-for-like). In constant currency terms, Group revenue increased 6.9% in the nine month period ending 31 October 2017. The UK Merchanting arm of the business, including perhaps Grafton’s best known brand, Selco, grew 5% and benefited from […]
Selco sees double-digit growth in H1 2017
Selco was among the stand out performers for Grafton in its half year financials, with Selco Builders Warehouse seeing double-digit revenue growth, thanks in part to the new branches opened this year. Selco is one of a number of Merchanting brands for Grafton, which also includes Buildbase, Plumbase and Macblair. Grafton’s overseas Merchanting brands include Gunters en […]
Selco ramps up ironmongery offering with 600+ new products
Selco Builders Warehouse has added over 600 lines to its ironmongery and door furniture stocks. The new line-up includes 70 extra door hinges, 230 door handles, 40 door bolts, 70 euro cylinders and 20 new window furniture products, among others. Designer door handles from Italy’s Frascio are included in the new stocks, with products boating […]
Selco’s big expansion plan continues with 49th UK branch
Selco has opened its 49th UK branch and its 29th in the London area, in Crayford. The opening is the latest in a period of growth for the stockist, which called 2017 “the company’s biggest year of expansion in its history”. Over 50 jobs have been created in Crayford with the new branch, which is based […]
Selco kicks off new year expansion with 2 new branches in first 2 weeks of 2017
Selco, one of the sector’s major stockists, has big ambitions for 2017 with two new branches opened in the New Year of “the company’s biggest year of expansion in its history”. Following its self-stated ambitions to have branches in every major UK town and city, the firm has opened new branches in Croydon and Wembley, taking […]
Revenue rises to £2.51 billion for Selco owner Grafton
Selco’s Merchanting division has outperformed the UK market, resulting in revenue growth, the group has announced. For the year ended 31 December 2016, group revenue was up 13.4% to £2.51 billion (£2.21 billion in 2015) and 10.4% in constant currency. Merchanting (92% of Group Revenue) Revenue gains came from established branches and growth from new […]
Selco Builders Warehouse plans to expand into ‘every major UK town and city’
Following the recent launch of two new sites in Wolverhampton and Portsmouth, Selco Builders Warehouse has committed to opening a further seven locations in the next nine months – taking its total to 50 – with plans for further expansion in the second half of next year and beyond. Chief Executive Chris Cunliffe said: “Our […]