Independent builders merchant buying group NMBS raised £4652 for charity at a gala dinner last night (May 15).
The money, which came from a collection at the pre-annual exhibition gala dinner, will be shared between NMBS’ chosen charities – The Rainy Day Trust and Crash.
NMBS chairman Tim Allen formally welcomed members and suppliers to the event.
“The NMBS exhibition gets bigger and better each year and this year is no exception,” he said. “We have more special offers, more rebates and more Spot Buys on Pallet Alley than ever before.”
Allen reported that, in his first year as chairman, the organisation achieved “excellent” turnover of £503m, up 11.5% on the year before and lowered overheads to less than 0.2% of turnover. “This was an outstanding performance in a difficult trading climate.”
Among the highlights of the year, Allen said, were the full integration of the application of category management, and the establishment of NMBS’ own captive insurance cell which has made a great difference to the way members deal with credit limits.
“The last year was particularly challenging for members in what is being seen as a static market,” he continued. This, he said, is likely to continue as the market sees more competition from the internet and even major retailers.
“There has never been a better time for independent merchants to be members of NMBS, in order to combat the threat from the increasing polarisation of the industry.”