Lawsons Announces purchase of Edgware and Romford sites

UK-based Lawsons Group has completed the purchases of two freehold sites in Edgware and Romford The sites had been previously rented from third parties.

Established in 1921, Lawsons have a rich history as a family business, expanding their footprint to support an expanded product range which has seen them become the largest independent timber, building materials and fencing merchant in London and the southeast of England.

The Lawsons Group is the largest independently owned builders’ merchant in the South East of England. It has thirty five branches trading under seven brands, over 700 staff and a dedicated steel fabrication plant.

 Chris Harrison, Group Finance Director:

“Our purchases of sites in Edgware and Romford continue the long-standing commitment we have to operate with certainty and security of tenure to our business which started with the original purchase of our Whetstone branch.

We have been stewards of the community in both Edgware and Romford for over two decades and these deals provide a platform for further growth and expansion from our current 35 operating sites, 11 of which are sited inside the M25.

We have purchased these assets from our strong net cash position and although the market trading conditions of the past twelve months have proven difficult for some participants, the quality of our people and the underlying strength of our Group’s balance sheet here at Lawsons mean that we have had a financial year of revenue growth, profitability and net cash improvement.”