Stevenswood targets 12 more
stores in 12 months
22nd January 2019

Stevenswood, the national trade counter group formed out of the exchange deal with Polyframe in 2016, this week signalled plans to grow from 38 outlets to 50 in the coming year, with the bulk of new openings building on its push into the south of England.

The £35million turnover group, backed by Cairngorm Capital, says the growth will add £10million to sales and has also declared its ambition to double the current store count ‘in the medium term, after a short period of infrastructure and system consolidation’.

The growth programme will be led by managing director Joe Trueman, pictured, who was appointed in 2017 following the Truemans acquisition. He 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. In addition, we will be looking to expand the range of services we provide our trade customers, using technology to make it easier to buy and collect our products.”

Neil McGill, managing director of Cairngorm Capital 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.”

Stevenswood came into being in its present form when it entered an exchange deal with Polyframe, giving its 55,000sqft in return for the latter’s chain of 11 trade counters, which then gave it 26 outlets in total.