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UK

A leading trade distributor operating in the large and fragmented UK plumbing, heating and infrastructure markets. In September 2019, we announced our intention to separate the UK operations subject to shareholder approval. For more information see our latest results statement here.

Business profile

The UK principally operates under the Wolseley brand mainly serving the trade RMI market through 542 branches, four distribution centers and approximately 5,000 associates. Branches provide same-day and next-day product availability, a key service offering to our customers.

4

Distribution centres

542

Branches

5,000

Associates (approximately)

Customer groups and market position

Plumbing and Heating is the largest business within the UK and provides plumbing and heating products and the associated pipe, valves and fittings to customers operating in the residential sector. Building Services offers a similar product set to the commercial sector with the addition of air conditioning and refrigeration.

These businesses represent 72 per cent of UK revenue and within these markets Wolseley is the second largest merchant distributor in the UK. Infrastructure is a specialist in below ground drainage serving the civil infrastructure and utilities markets. The business is estimated to have a market share of about 20 per cent.

Key brands

Performance

£1,490m

Revenue 9% of group

£6m

Trading profit

0.4%

Underlying trading margin

Five year performance (£m)

Ongoing revenue

Ongoing trading profit

Quarterly like-for-like revenue growth (%)