Acquisition of a high-quality, vertically integrated online kitchen business provides direct access to non-trade customers and expands the addressable UK market.
DIY Kitchens' online-only, made-to-order model complements the trade-focused, full-service approach, allowing both brands to serve distinct customer segments.
Both businesses are high growth, high margin, vertically integrated, and have outperformed the fragmented UK kitchen market.
DIY Kitchens attracts self-managing customers seeking control and convenience, with a scalable, entrepreneurial culture.
The acquisition is incremental, providing a new growth avenue while maintaining focus on the core trade business.
Enterprise value of £390 million, with £292.5 million in cash and £97.5 million in new shares issued to vendors.
Valuation at 8.5x LTM EBITDA (to March 2026).
DIY Kitchens generated £136 million in revenue and £37 million EBIT (27% margin) in 2025.
Acquisition includes freehold property assets valued at £55 million.
Funded via existing cash and a new £240 million bank facility; group expects to remain in a net cash position post-transaction.
Initial cost savings anticipated in raw materials, sourcing, and machinery.
Both businesses benefit from efficient cost bases, strong vertical integration, and manufacturing operations.
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Search for any keyword across all transcripts simultaneously.
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
The easiest way to stay updated during earnings season.
All events from public companies. Live and recorded.
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Explore our global coverage