A SCOTTISH-based supplier of windows and doors is to open 12 new trade centres across the UK, in a move to create the UK’s leading distribution company of its kind.
Stevenswood, based in Livingston, aims to grow turnover by £10 million as it increases its geographic footprint and expands its range of products and services throughout the country.
The firm has seen significant growth since being acquired by Cairngorm Capital in November 2016 – merging with trade-suppliers Polyframe Trade Centres, Sameday Trade Frames and Truemans and adding five new trade centres to its portfolio in 2018.
Cairngorm Capital has supported Stevenswood’s growth, with the firm now generating turnover of more than £35m.
The company now has a portfolio of 38 trade centres across the UK and employs 180 people – representing one of the largest windows distributors in the country.
An additional 12 branches are expected to create 50 jobs and boost the company’s turnover by £10m. The growth programme will be led by managing director, Joe Trueman – appointed in 2017 following the Truemans acquisition.
Trueman said: “In the past year we’ve continued to fine-tune the business, expanding the product range available to our customers and creating the platform for future growth by investing in our infrastructure and systems.
“Going forward, our strategy will shift towards organic branch opening. In the coming months we will finalise new locations but expect the majority to open in the South of England. We will be looking to take on an additional 50 staff to help manage and operate these centres.
Neil McGill, managing director of Cairngorm Capital and who currently sits on the board of Stevenswood, added: “Stevenswood has grown into a key player in the sector and is one of the largest distributors of doors and windows in the country.
“As the sector continues to consolidate there has been a shift away from independent integrated fabricator/installers towards specialist distribution companies that can provide trade customers with access to a full range of quality products at attractive pricing. We expect this trend to continue.”
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here