Building products firm says trading in first two months of year hit by weather
Building products firm Marshalls saw pre-tax profit fall by more than half last year but the firm said turnover had risen for the first time since 2022.
Pre-tax profit was down 55% to £17.7m but revenue edged up 2% to £632m as flagged in an update in January.
In a statement, the firm said: “2025 saw a continuation of the trends experienced in recent years with subdued activity in UK housing and discretionary home improvement spending.”
It added: “Market activity levels in the first two months of 2026 remained consistent with the close of 2025, although they were affected by persistent rainfall.”
The firm has introduced an initiative called Transform & Grow and it added: “Our priority for 2026 is the disciplined implementation of the ‘Transform & Grow’ strategy.
“This will be underpinned by sharper execution through intensifying our pace, tightening our focus and embedding performance, ensuring teams throughout our businesses are aligned behind priorities that will improve margin, cash and service outcomes.”
Earlier this year, chief commercial officer Simon Bourne was appointed chief executive after former boss Matt Pullen stepped down last November.
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