Last checked at 4 Apr 2024 07:00
4 April 2024
Lords Group Trading plc
('Lords', the 'Group' or the 'Company')
Appointment of Chief Financial Officer
Lords, a leading distributor of building materials in the UK, is pleased to announce that following a comprehensive formal search process, Stuart Kilpatrick has been appointed to succeed Chris Day as CFO. Stuart will join the Board of Lords as CFO in early July 2024.
Stuart is a highly experienced CFO having led finance functions across a range of publicly listed companies. He joins from his position as CFO at Systal Technology Solutions Limited, a global provider of managed IT networks and, prior to this, he acted as Group Finance Director for 11 years at James Fisher & Sons plc, a leading provider of services to the marine, oil and gas and other global, high assurance industries. Prior to James Fisher, Stuart was Group Finance Director for Empresaria Group plc, the AIM-listed specialist staffing group, between 2008 and 2010.
Gary O'Brien, Non-Executive Chairman of Lords, said: "The Board is delighted to announce the appointment of Stuart Kilpatrick as CFO. We are pleased to be appointing a CFO with significant AIM market and M&A experience, who can be effectively integrated into the business. Working closely with the executive team, we believe he will contribute to the continued success of the Company.
"Chris Day will step down as a director and leave the Group shortly after the publication of the Group's FY23 Results in May. In the interim period between Chris' departure and Stuart's arrival, the Group is well supported by its strong, well established finance team who will ensure a smooth transition for the business."
Further disclosures required under the AIM Rules
In addition to his appointment to the Lords Board, Stuart Charles Kilpatrick, aged 61, holds or has held the following directorships or partnerships in the past five years. Stuart currently holds no shares in the Company.
Current | Previous |
Systal Technology Solutions BV | British Engineering Services Asset Reliability Mimic Limited (formerly known as James Fisher Mimic Limited) |
Systal Technology Solutions Inc | British Engineering Services Asset Reliability Strainstall Limited (formerly known as Strainstall UK Limited) |
Systal Technology Solutions Limited | Buchan Technical Services Limited (formerly known as Hughes Marine Engineering Limited) |
Systal Technology Solutions NV | Cattedown Wharves Limited |
Systal Technology Solutions OY | CMTL (Ireland) Limited |
Systal Technology Solutions S.r.o | CMTL (JF) Limited |
Systal Technology Solutions S.r.o | EDS HV Group Limited |
Systal Technology Solutions SAS | EDS HV Management Limited |
Systal Technology Solutions SL | EDS HV Services Ltd |
Windward Ltd | Electricity Distribution Services Limited |
Eurotestconsult Limited | |
Eurotestconsult UK Ltd | |
F.T. Everard & Sons Limited | |
F.T. Everard Shipping Limited | |
Fathom Systems Limited | |
Fender Care Limited | |
Fender Care Marine Ltd | |
Fender Care Marine Services Group Limited | |
Fender Care Marine Solutions Limited | |
Foresighthy Operations Limited | |
High Technology Sources Limited | |
HTSL Group Limited (formerly known as James Fisher Nuclear Holdings Limited) | |
Hughes Sub Surface Engineering Limited | |
Insight Marine Projects Limited (formerly known as Mojo Ocean Dynamics Limited | |
IRISNDT Aerospace & Defense Limited (formerly known as James Fisher NDT Limited) | |
James Fisher (Aberdeen) Limited | |
James Fisher (Crewing Services) Limited | |
James Fisher (RO-RO) Limited | |
James Fisher (Shipping Services) Limited | |
James Fisher Air Supply Norway Limited (formerly known as Scan Tech Air Supply UK Limited) | |
James Fisher and Sons Public Limited Company | |
James Fisher Defence North America Limited | |
James Fisher Everard Limited | |
James Fisher Fender Care Limited | |
James Fisher Ghana Limited | |
James Fisher Holdings UK Limited | |
James Fisher Hong Kong Limited | |
James Fisher Marine Services Limited (formerly known as James Fisher Defence Limited) | |
James Fisher Marine Services Middle East Limited FZCO | |
James Fisher MFE Limited | |
James Fisher Offshore Limited | |
James Fisher Properties Limited | |
James Fisher Properties Two Limited | |
James Fisher Rumic Limited | |
James Fisher Subsea Excavation Pte. Limited (formerly known as X-Subsea Singapore Pte. Limited) | |
James Fisher Subsea Limited | |
James Fisher Subtech Group Limited | |
James Fisher Tankships Holdings Limited | |
JF Nuclear Limited (formerly known as James Fisher Nuclear Limited) | |
JF Overseas Ghana Limited | |
JF Overseas Limited | |
JFD Limited | |
JFD Singapore Pte Ltd | |
JFN Limited | |
Lexmar Sat Systems Pte. Ltd | |
Martek Holdings Limited | |
Martek Marine Limited | |
MNP EG Limited | |
Mojo Maritime Limited (formerly known as Mojo Ocean Dynamics Limited) | |
Onesimus Dorey (Shipowners) Ltd | |
Osiris Marine Services Limited | |
Osiris Underwater Engineering Services Limited | |
Prolec Limited | |
Pump Tools Limited | |
Remac Limited | |
RMSPumptools Limited | |
Rotos 360 Limited | |
Scan Tech AS | |
Scantech Offshore Limited | |
Scantech Offshore UK Limited (formerly known as Rigcool Limited) | |
Scotload Ltd | |
Scottish Navigation Company Limited | |
Strainstall Malaysia Sdn Bhd | |
Strainstall Singapore Pte Ltd | |
Subtech Group Holdings (Pty) Ltd | |
Testconsult Limited |
There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules.
- Ends -
FOR FURTHER ENQUIRIES:
Lords Group Trading plc | Via Buchanan |
Gary O'Brien, Non-Executive Chairman Shanker Patel, Chief Executive Officer | Tel: +44 (0) 20 7466 5000 |
Cavendish Capital Markets Limited Nominated Adviser and Joint Broker |
Tel: +44 (0)20 7220 0500 |
Ben Jeynes / Dan Hodkinson (Corporate Finance) Julian Morse / Henry Nicol / Charlie Combe (Sales and ECM) |
Berenberg Joint Broker Matthew Armitt / Richard Bootle / Detlir Elezi
| Tel: +44 (0)20 3207 7800 |
Buchanan Communications |
Tel: +44 (0) 20 7466 5000 |
Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist
| LGT@buchanan.uk.com |
Notes to editors:
Lords is a specialist distributor of building, plumbing, heating and DIY goods. The Group principally sells to local tradesmen, small to medium sized plumbing and heating merchants, construction companies and retails directly to the general public.
The Group operates through the following two divisions:
· Merchanting: supplies building materials and DIY goods through its network of merchant businesses and online platform capabilities. It operates both in the 'light side' (building materials and timber) and 'heavy side' (civils and landscaping), through 31 locations in the UK.
· Plumbing and Heating: a specialist distributor in the UK of plumbing and heating products to a UK network of independent merchants, installers and the general public. The division offers its customers an attractive proposition through a multi-channel offering. The division operates over 17 locations enabling nationwide next day delivery service.
Lords was established over 35 years ago as a family business with its first retail unit in Gerrards Cross, Buckinghamshire. Since then, the Group has grown to a business operating from 48 sites. Lords aims to become a £500 million turnover building materials distributor group by 2024 as it grows its national presence.
Lords was admitted to trading on AIM in July 2021 with the ticker LORD.L. For additional information please visit www.lordsgrouptradingplc.co.uk.