Fairalls has 4 shops in Kent and Surrey
Cairngorm Capital Companions has acquired Fairalls (Builders' Retailers) Restricted, which has 4 shops in Surrey and Kent – Gatwick, Sevenoaks and two in Godstone.
Fairalls now joins manufacturers from different builders in Cairngorm Capital, Parkers Constructing Provides and Stamco, creating the biggest group of impartial merchants within the Southeast. The newly expanded group now has 24 branches serving Surrey, Sussex and Kent, greater than 500 workers and mixed revenues of £ 120 million.
Cairngorm Capital additionally took over Sentry Doorways in February of this 12 months and final 12 months created The Nationwide Timber Group by bringing Thornbridge and North Yorkshire Timber collectively. He then added Rembrand, then Arnold Laver, bringing the mixed revenues of the nationwide timber group to almost £ 250 million.
Fairalls, the final acquisition of the builders, is a household enterprise that dates again to 1900. Its Taylors Hill department in Godstone is without doubt one of the largest shipyards within the southeast. In 2018, the corporate, at the moment headed by Bob Fairall and his son Richard, has achieved a turnover of about 15 million kilos sterling with 85 workers. Bob Fairall will stay quickly within the firm earlier than retiring. Richard Fairall may also stay with the corporate, which can proceed to function underneath the Fairalls model.
Bob Fairall mentioned, "After making the choice to retire, it appeared pure to discover a accomplice that will enable Fairalls to comprehend its full potential and I consider that our partnership with Cairngorm Capital and different firms within the group will succeed. We’ve quite a bit in widespread with Parkers and Stamco when it comes to heritage, distinctive product high quality and dedication to the best requirements of customer support, making it an excellent alternative. I stay up for facilitating the transition of the corporate to our new companions, who will work intently with my son, Richard, to hunt new alternatives for innovation and progress, which can profit our purchasers and to our workers, whereas preserving the guts of the enterprise. values."
Alex Bayliss, Managing Director of Cairngorm Capital, added, "We’ve strived to construct a customer-centric enterprise with superior merchandise, distinctive customer support and a robust and rising department community. Like Parkers and Stamco, Fairalls is a wonderful firm with a strong model within the impartial builders market and a very good fame amongst its clients. Geographically, this partnership may be very complementary and extends our presence within the south-east of England to make our group the biggest impartial vendor of the area. "