Travis Perkins is one of the largest suppliers of building materials to the UK’s building and construction industry. With a network of 560 branches and 300 tool hire outlets they supply thousands of product lines to trade professionals and self-builders across the nation.
We engaged with Bankbrokers in April this year following an extensive review of our merchant acquiring relationships across our Group brands, aiming to reduce the number of acquiring relationships, and to consolidate and appoint a single provider. Initial proposals revealed significant scope for cost reduction, but we engaged Bank Brokers to conduct an independent assessment including a peer based comparison across their extensive database. This benchmarking exercise revealed significant scope for further savings, and we entrusted Bankbrokers to negotiate directly with our preferred supplier, resulting in a compelling outcome which has exceeded our expectations.
We have been impressed with Bankbrokers’ professional approach to the project, and for the Travis Perkins Group, this has been a very successful engagement. We look forward to working with Bankbrokers on other project areas in the future.
Graeme Barnes, Director of Capital Markets