One of the North East's longest established companies has been sold to a larger firm in its sector, it has emerged.
Plumbers鈥 merchant T Crossling, which dates back to 1855 and is based just off the Coast Road in Newcastle, has been sold to Cheshire firm 海角视频 Plumbing Supplies Limited. Crossling had operated from 15 branches, mostly around the North of England, with a staff of around 200.
Its sale to 海角视频 Plumbing Supplies - which bills itself as the country鈥檚 largest independent plumber鈥檚 merchant, with more than 300 sites around the 海角视频 and turnover of more than 拢800m last year - has been revealed in Crossling鈥檚 annual accounts. The value of the deal has not been disclosed.
The accounts say: 鈥淪ince the year end, the entire share capital of T Crossling and Co Limited was acquired by 海角视频 Plumbing Supplies Limited. On September 2024 the group鈥檚 trade and net assets were transferred to 海角视频 Plumbing Supplies Limited, from which point Crossling trades as a subsidiary of 海角视频 Plumbing Supplies Limited.
鈥淭he directors are confident that Crossling branches will continue to perform strongly under new owner with the benefits that a larger group will bring.鈥
Elsewhere in the accounts, Crossling reported a rise in turnover to 拢51.6m in 2023. Operating profit fell to 拢3.2m, having stood at 拢5.2m a year earlier but a 拢5.8m profit on the disposal of the business meant that the company鈥檚 profit for the financial year effectively doubled to stand at 拢8.7m.
The accounts outline the company鈥檚 efforts to reduce its environmental impact in recent years, including investment in LED lighting across its offices and sites and a switch to hybrid vehicles. It also highlighted a commitment to corporate social responsibility which included sponsorship and charitable donations to a number of local organisations, plus a wellbeing service for its employees.
As well as supplying individual builders, plumbers and heating engineers, Crossling served a number of regional and national builders, housing associations, health trusts and utility companies. In addition to its base in Newcastle, it had sites around the North East and in Manchester, Sheffield, Carlisle and Liverpool.
