Posted 7th Dec 2017

Distributor BCG at risk of shutting down

By KBBDaily on 7th December 2017 - 10:52am

Wolseley UK has informed staff at its heating, bathroom and kitchen distributor brand BCG that it has begun proceedings to look at closing down the business, as part of a wider restructuring plan that the group announced last year.

The closure of the business is subject to consultation, with the company currently speaking to employees and no firm decision yet in place. However, the company is not believed to be seeking an investor for the brand.

In December last year, Wolseley noted that the UK heating market was weak, and attributed its decline in turnover at the time – with UK like-for-like revenue dropping by 2.9% in the first quarter of the 2017 financial year – in part to weak repairs, maintenance and improvement markets.

Prior to that in September, the company had announced that it was launching a “turnaround and repositioning strategy”, which could result in up to 800 jobs being cut.

Related articles

Study on taste of ‘toilet to tap’ water carried out

Posted yesterday - 15:41pm |

Participants in the research were asked to compare the taste of recycled wastewater with tap and bottled water

Egger takes home three German Design awards

Posted yesterday - 13:23pm |

The laminate panel manufacturer also received a special mention for one of its products

European Bathroom Forum launches new website

Posted yesterday - 10:17am |

The new site has been unveiled to coincide with World Water Day

Impey chosen for care home in 18th century property

Posted yesterday - 08:00am |

The company supplied its LevelDec wetroom floor formers to the Granby Care Home in Harrogate

in the spotlight

most read

Forty-two jobs go as Astracast falls into administration