One of Plymouth’s leading companies has fallen into administration. The national online building supplies retailer CMO Group Ltd filed a notice of intention to appoint an administrator at court but Lords Builders Merchants, one of the UK’s largest specialist distributors of building materials, has swooped in to acquire its lucrative trade and assets following a pre-pack process.

This will save jobs in Plymouth but have an impact on creditors. All trading activity continues under the new ownership without interruption. Customers, suppliers, and partners are being contacted directly.

Burrington Way-based CMO was famously set up, as Construction Materials Online, in 2008 by four men over a meal in a Plymouth Chinese restaurant and went on to become the UK’s largest online building material

See Full Page