LBS BUILDERS MERCHANTS LIMITED
Operating primarily in South West Wales, the company is an independent builders' merchant supplying construction materials, timber, and plumbing equipment under the LBS Builders Merchants and UK Build Supplies brands.
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Cash
£4m
+30.2% vs 2024
Net assets
£33m
+3.6% highest in 5 filed years
Employees
465
-0.9% vs 2024
Profit before tax
£1.6m
+94.7% vs 2024
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £88,793,408 | £88,122,443 | £87,066,943 | £88,930,996 | £91,754,297 | +3.2% | |
| Operating profit | £8,626,885 | £4,473,915 | £1,789,109 | £724,321 | £1,503,086 | +107.5% | |
| Profit before tax | £8,639,634 | £4,519,698 | £2,015,402 | £833,232 | £1,622,059 | +94.7% | |
| Net profit | £6,862,253 | £3,785,427 | £1,423,710 | £487,743 | £1,127,499 | +131.2% | |
| Cash | £11,241,371 | £8,996,127 | £10,880,874 | £3,038,162 | £3,957,159 | +30.2% | |
| Total assets less current liabilities | £25,957,638 | £30,091,661 | £31,547,650 | £32,279,963 | £34,219,195 | +6% | |
| Net assets | £25,731,194 | £29,516,621 | £30,940,331 | £31,428,074 | £32,555,573 | +3.6% | |
| Equity | £25,731,194 | £29,516,621 | £30,940,331 | £31,428,074 | £32,555,573 | +3.6% | |
| Average employees | 444 | 465 | 466 | 469 | 465 | -0.9% | |
| Wages | £11,084,762 | £12,389,837 | £12,759,826 | £13,041,170 | £13,305,566 | +2% | |
| Directors' remuneration | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 9.7% | 5.1% | 2.1% | 0.8% | 1.6% | |
| Net margin | 7.7% | 4.3% | 1.6% | 0.5% | 1.2% | |
| Return on capital employed | 33.2% | 14.9% | 5.7% | 2.2% | 4.4% | |
| Gearing (liabilities / total assets) | 30.8% | 25.3% | 25.3% | 22.7% | 24.6% | |
| Current ratio | — | — | 3.76x | 4.18x | 4.16x | |
| Interest cover | — | — | — | — | 42.89x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- LBS BUILDERS MERCHANTS LIMITED 2004-04-15 → present
- LLANDEILO BUILDERS' SUPPLIES LIMITED 1931-03-18 → 2004-04-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Bevan Buckland Audit Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The forecasts prepared by the directors indicate that the Company will be able to continue to trade profitably for the remainder of the year ended 31 December 2025 and the following year... On this basis the directors have concluded that it is appropriate that the financial statements be prepared on the going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BESSANT, Gavin George | Secretary | 2026-03-02 | — | — |
| BESSANT, Gavin George | Director | 2026-03-02 | Sep 1980 | British |
| DAVIES, Benjamin Owen | Director | 2018-01-01 | Jan 1987 | Welsh |
| DAVIES, Julian Mark | Director | — | Sep 1957 | British |
| DAVIES, Rachel Gwen | Director | 2018-01-01 | Nov 1988 | Welsh |
| THOMAS, David Gerwyn | Director | 2004-02-01 | Dec 1967 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Odile Jane | Secretary | — | 1995-08-14 |
| EVANS, Philip William | Secretary | 2007-11-26 | 2026-03-02 |
| NEWMAN, Lawrence | Secretary | 1995-08-15 | 2007-11-26 |
| DAVIES, Louis Michel | Director | — | 2022-12-25 |
| DAVIES, Odile Jane | Director | — | 1995-09-30 |
| EVANS, Philip William | Director | 2009-05-27 | 2026-03-02 |
| NEWMAN, Lawrence | Director | 1995-01-04 | 2007-11-26 |
| PROSSER, Andrew Glyn | Director | 2022-01-13 | 2023-11-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lbs Holdings (Uk) Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 140 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-03-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-01-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-17 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.