Chip off the old block


While I was carrying out my stock screen for this year's Bargain Share Portfolio, an old favourite turned up in my database of 2,800 listed companies. "Old" being the opportune word, because this timber merchant started importing hardwoods into Liverpool in 1757, and over the next 250 years, developed into a leading importer and distributor of wood-based panel products, quality softwood and hardwood and flooring. The company floated on the London market in 1965 and five members of the founding family, who control around 50 per cent of the share capital, still work in the business.

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