REG - Latham(James) PLC - Planning consent for National Distribution Centre

James LathamAnnouncement

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RNS Number : 1328X  Latham(James) PLC  29 August 2025

James Latham PLC

 

("James Latham" or the "Company")

 

Planning consent for National Distribution Centre

 

The Board of James Latham is pleased to announce that the Company has obtained
planning consent to build its National Distribution Centre ("NDC").  As
previously announced, the Company's end to end supply chain review concluded
that this investment was necessary as part of the long-term planning for the
business in order to future proof the supply chain, reduce reliance on third
party service providers and improve routes to market.

 

The Company's initial investment will be £6m for the land and then a further
£39m over the next two years to construct and fit out the warehouse.  This
investment will create a purpose built 300,000ft(2) warehouse in East Anglia,
with good transport links, room to expand the Company's product offering and
fitted with Warehouse Management System technology to provide operational
efficiency.  These costs will be funded from the Company's existing cash
resources.

 

The NDC will provide more control and security over the storage of imported
products, help support development of value-added products and allow the
Company to increase its product ranges and improve stock throughput.  The NDC
will also improve the internal distribution service within the UK allowing
depot locations to hold a wider balanced range of products and improve service
and product availability for customers and the business to continue to grow
through the existing depot footprint.

 

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended.

 

For further information please visit www.lathamtimber.co.uk
(http://www.lathamtimber.co.uk/) . or contact:

 

 James Latham plc                                        Tel: 01442 849 100
 Nick Latham, Chairman
 David Dunmow, Finance Director

 SP Angel Corporate Finance LLP                          Tel: 0203 470 0470
 Matthew Johnson / Charlie Bouverat (Corporate Finance)
 Abigail Wayne / Rob Rees (Corporate Broking)

 

 

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