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Capital at risk
MGN Builders Merchants
days left
24
21%
Raised
£108,810
Investors
56
Target
£500,000
Equity
9.09%
Pre-money valuation
£5,000,000

With £7.1 million turnover MGN is a fast growing Builders Merchants and Skip Hire in London and Essex. With two branches in Ilford and Romford. The company has trebled revenue in the last three years. We are raising funds to launch concrete delivery, start selling online and expand sales.

  • From £2.5m in 2016 to £7m by January 2019
  • 40 + employees
  • 15 + delivery trucks and expanding
  • 50,000 customers served in 2018.

Idea

MGN Builders Merchants is well established, profitable and is a rapidly growing builders merchants and skip hire companies in London and Essex. Offering the same or next day delivery on thousands of building products kept in stock at all times.

With branches in all 4 quarters of London we believe that we would be able to offer an excellent level of service and fast delivery regardless of the location of the projects. This will provide us with opportunities to increase our turnover and profitability. One stop shop for every builder in every corner of London is what MGN wants to be within the next five years. The UK construction supplied wholesale market is worth £34bn and with our current £7.1m turnover and 81k EBITDA '18we believe we have opportunities ahead.

This summer we aim to start taking orders online as well as offering a click and collect service for the convenience of our customers. This creates an opportunity to increase our revenue as should allow us to sell quicker, serve more customer and even sell products which we physically do not stock but can source directly from our suppliers within few days.

We are raising funding to support our rapid growth plans, start selling online, make firm foundations for skip hire and launch concrete delivery service. And prepare ourselves for future expansion into other sides of London.

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MGN Builders Merchants

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