British builders’ merchant, Travis Perkins, has put plans to sell their plumbing and heating business on hold, citing the uncertainty of Brexit as a deciding factor.
The move comes amid a strategic run of cost-cutting by the firm and a conscious move simplify their overall portfolio.
However, the impending precariousness of the economic climate in the UK has evidently caused the FTSE 250 company to alter their game plan in favour of a more prudent approach.
Still on Course
Despite halting their plans to sell the plumbing and heating arm of the business, Travis Perkins is said to remain on course to achieve their cost reductions for 2019.
A statement from Travis Perkins confirmed that the upshot of these reductions would allow the company to “reduce complexity, lower the above-branch cost base and speed up decision making, and improve service levels for customers”.
Travis Perkins had originally announced the sale plans in December 2018 with a likely deal announced by their board in July. However, it appears those plans have since fallen through and the plumbing and heating business appears set to remain under the Travis Perkins umbrella indefinitely.
The division includes the likes of FPC wholesale, PTS Plumbing Trade Supplies and plumbing merchant City Plumbing Supplies, the latter of which was awarded the title of “Heating & Plumbing Merchant of the Year” at the Builders' Merchants Awards for Excellence 2018.
Learn a Trade with Access Training UK
With the current political outlook for the UK described by Travis Perkins as posing “unprecedented level of uncertainty”, the move to future-proof careers has never been more timely.
Luckily, for those in the plumbing and heating trade, theirs is a vital service necessary for daily life and, as a result is one profession that is unlikely to be affected too severely.
What’s more, a shortage of skilled workers in this area has actually made it a very lucrative career path in recent years and one that is unlikely to be too seriously affected by a political shift.
At Access Training UK, we offer a variety of plumbing and heating courses for anyone looking to make the jump into this trade.
Whether you’re a total newbie with no prior knowledge or a seasoned veteran looking to sharpen your skills, we have the course for you.
To find out more about our range of gas and plumbing courses, click one of the links below for more information.
If you would like to know more about switching careers or upskilling with Access Training UK, why not drop us a line today? Call now on 0800 345 7492 or get in touch online by clicking the button below.