REG - Lords Group Trading - Appointment of Chief Financial Officer

Lords TradingAnnouncement

04/04/2024 07:00

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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                         Tel: +44 (0) 20 7466 5000

 Shanker Patel, Chief Executive Officer

 Cavendish Capital Markets Limited                            Tel: +44 (0)20 7220 0500

 Nominated Adviser and Joint Broker
 Ben Jeynes / Dan Hodkinson (Corporate Finance)

 Julian Morse / Henry Nicol / Charlie Combe (Sales and ECM)

 

 Berenberg                                                Tel: +44 (0)20 3207 7800

 Joint Broker

 Matthew Armitt / Richard Bootle / Detlir Elezi

 Buchanan Communications                                  Tel: +44 (0) 20 7466 5000
 Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist  LGT@buchanan.uk.com (mailto: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
(http://www.lordsgrouptradingplc.co.uk) .

 

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