Sheffield- predicated timber supplier, Public Timber Group England, which employs over 1,000 staff, has announced a notice of administration.
The move is intended to give the company breathing space from creditor claims while it explores options to restructure and stabilise its operations.
A Leading Timber Supplier Across the UK
Public Timber Group England is one of the largest timber suppliers in the UK, operating beneath well-known brands including Arnold Laver, Public Timber Systems, SV Timber, and NORclad.
The company has multitudinous branches across the country, including in Alfreton, Nottingham, and Leicester, supplying accoutrements to joiners, housebuilders, contractors, and large-scale construction systems.
Financial Pressures Behind the Announcement
Recent fiscal reports show that the timber mammoth is navigating tough times. In 2023, the company posted nearly£ 200 million in profit but faced pre-tax losses of £6.3 million.
Assiduity interposers suggest this reflects wider pressures in the UK timber supply, including rising costs and force chain challenges.
A Rich History in the Timber Trade
Innovated in 1920 by Arnold Laver in Sheffield, Public Timber Group has grown steadily to become a vital player in UK timber distribution.
Over the decades, the company has been a trusted supplier for joinery, construction, and structural systems across the nation.
What does this mean for Staff and the Industry?
The notice of administration is a significant moment for the company and the wider timber industry in the UK. National Timber Group England is part of National Timber Group Midco, which has also filed a notice of intention to appoint an administrator.
This has raised concerns among contractors and suppliers:
- Potential disruption for those relying on timber supplies across the UK.
- Market uncertainty in the short term as the administration process unfolds.
- Job security concerns for over 1,000 employees across multiple branches.
Looking Ahead
While the situation is still evolving, the company aims to explore recovery and restructuring plans that could safeguard jobs and maintain its role as a leading timber company in the UK.
Stakeholders in the joinery, construction, and timber distribution sectors will be watching closely in the coming weeks.
Public Timber Group England remains a major part of the UK timber request, and its coming way could have ripple effects across suppliers, contractors, and guests nationwide.
