National Timber Group, one of the UK’s largest timber distributors, has confirmed it is now in advanced discussions over the sale of a “substantial part” of its business, with notices of intention to appoint administrators filed to allow time for talks to take place.
The Sheffield‑based group, launched in 2018 through the acquisitions of Arnold Laver, Thornbridge Timber, Rembrand Timber and National Timber Systems, employs 1,200 people across 47 trading sites from the north of Scotland to the south of England. With a combined turnover of £350m, NTG has grown rapidly but is now under severe financial pressure.
The company admitted it had been “experiencing difficult trading conditions and liquidity challenges for some time.” Directors have been exploring options to stabilise and recapitalise the business, including cost‑cutting, seeking new funding, and considering the sale of some or all of its operations.
Wood Central understands that the group is now in advanced talks with an interested party over the sale of a substantial part of the business, while also engaging with other potential funding partners. Notices of intention to appoint administrators have been filed in respect of each entity within the group, providing a period of stability while negotiations continue.
Chief executive Mark Dixon said the move was designed to protect the business during this critical period. “This measure allows the group time to continue discussions with the interested party and to explore any other options that may be in the best interests of the business and its stakeholders. It is important to note that the group is not in administration at this time. Further updates will be provided as we progress through this period, with additional developments shared when possible.”
The UK timber market is “utterly brutal right now”
Industry leaders have warned that National Timber Group’s difficulties reflect the wider pressures facing the timber sector. According to David Hopkins, chief executive of Timber Development UK, “Market conditions are utterly brutal right now for all of our members, large and small alike. Our thoughts are with the staff and teams across the National Timber Group. There is a rich history and legacy within all of the brands which make up NTG, and we hope that as much of this as possible can be saved regardless of the eventual outcome.”
Founded in Sheffield in 1920, National Timber Group expanded rapidly through acquisitions backed by private equity firm Cairngorm Capital from 2018 onwards. But high interest rates, reduced demand and ongoing economic uncertainty have left the UK’s largest timber distributor fighting for survival.
