NuGen Properties

Merchant sales volumes down 11.5% in October

Builders merchants’ takings were down 4.0% in October 2023 compared to the same month in 2022, but with prices 8.4% higher than a year before, the amount of product sold was down 11.5%.

However, there was one more trading day in October 2023, meaning that like-for-like sales were 8.4% lower.

Despite the reduction in takings, eight of the 12 product categories sold more in October 2023 compared to October 2022, including Decorating (+10.8%), Workwear & Safetywear (+10.4%), Ironmongery (+7.0%) and Kitchens & Bathrooms (+4.7%). However, Landscaping was down 6.4% and Timber & Joinery Products was down 9.7%.

Month-on-month, takings were 2.2% higher in October compared to September 2023, but this was explained by the 2.3% increase in prices. Volume sales were flat.

Total merchant sales in the year to date were -4.8% down on the same period (January to October) the year before. Volume sales were -13.9% lower, and prices rose +10.6%. With two more trading days this period, like-for-like sales were -5.7% lower. Nine of the twelve categories sold more with Renewables & Water Saving (+35.5%) growing the most, followed by Decorating (+9.7%), Workwear & Safetywear and Plumbing, Heating & Electrical (+6.0%). The three largest categories – Heavy Building Materials (-2.4%), Landscaping (-12.5%) and Timber & Joinery Products (-15.0%) – all sold less.

The Builders Merchant Building Index (BMBI) report now tracks point of sale data at 92% of builders’ merchant across Great Britain, with Huws Gray, JT Dove and CMO Stores recently joining the panel.

According to Builders Merchants Federation chief executive John Newcomb, this makes it “the closest measure there is of Britain’s small builder and trades market, and the best proxy we have to the important residential RMI (repair, maintenance and improvement) market. BMBI is as accurate a measure of the market as it’s possible to get.”

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Dan Morten 18/01/22

Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

Great firm to communicate with fast and good quality work.