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Screwfix Direct Limited, trading as Screwfix, is a retailer of trade tools, accessories and hardware products based in the United Kingdom. [6] Founded in 1979 as the Woodscrew Supply Company, the company was acquired in July 1999 by Kingfisher plc , which also owns B&Q , and is listed on the London Stock Exchange .
It has over 1,300 stores in nine countries, and its brands include B&Q, Castorama, Brico Dépôt and Screwfix. [7] Kingfisher is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index. [8]
In accounting, the inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. It is calculated to see if a business has an excessive inventory in comparison to its sales level. The equation for inventory turnover equals the cost of goods sold divided by the average inventory.
Toolstation was formed in February 2003 by Mark Goddard-Watts, one of the founding family members of Screwfix Direct. [3] In 2012 Goddard-Watts sold his shares to Travis Perkins plc. [4] [5] [6] A distribution centre in Middleton, Greater Manchester opened in August 2018. [7] In 2019 Toolstation opened their 400th store, in Balham. [8]
By each working over sixty-hour, six-day weeks, they were able to repay their bank overdraft within six months of opening, with turnover reaching £1 million within the first five years of operating. [5] The chain quickly expanded, and by 1979, there were 26 shops across the United Kingdom. [6] Co-founder Block left the company in 1976.
In finance, asset turnover (ATO), total asset turnover, or asset turns is a financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. [1]
Wickes Group plc trading as Wickes is a home improvement retailer and garden centre, based in the United Kingdom with more than 230 stores throughout the country.Its main business is the sale of supplies and materials, for homeowners and the building trade. [2]
The company began in 1797, when the Benjamin Ingram company of joiners and carpenters was founded at Beech Street in London. [3] Benjamin Ingram subsequently merged with Perkins to become Ingram Perkins in 1850. [4]