Top 100: "Economic slowdown" hits building materials firm hard

A Gloucestershire firm that's a major supplier to the UK's construction industry has recorded another year of falling revenue and profit, blaming a "general economic slowdown".

* The Reports & Deals section of Raikes is also home to the perpetual Top 100-plus Businesses in Gloucestershire list, which tracks the financial fortunes of the county’s biggest firms by turnover. It’s a series sponsored by Randall & Payne, one of our Founding Partners. Raikes is only made possible by the generous support of our Founding Partners, who include QuoLux, Willans LLP, Gloucestershire College, Merrell People and our sponsors such as Hartpury University and Hartpury College as well as our Founding Members and all our wonderful paying subscribers. A massive ‘thank you’ to all our other subscribers too. If you are not already, please consider upgrading to paid (just £2.30 a week!). You’ll be able to read all of this post - and you’ll be helping to make this community interest company sustainable. Contact andrew.merrell@raikesjournal.co.uk.

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Major wood wholesaler Panel Supplies has spelled out just how difficult the headwinds have been that impacted its business in its last financial year.

The multi-million pound turnover firm endured a fall in its bottom line of more than 10 per cent.

And profits at the Stonehouse headquartered operation also fell. It is the second year on the trot that the firm has endured difficult market conditions and a significant cut in revenue.

But despite the significant trend it remains part of The Raikes Journal’s Top 100 Businesses in Gloucestershire series, which tracks the financial fortunes of the county’s biggest firms by turnover.