RNS Number : 1815J
Lords Group Trading PLC
04 April 2024
 

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.

 

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