Lords Group Trading plc (AIM:LORD) is looking for acquisition opportunities. In addition to its organic growth levers, the Group successfully executes a unique M&A strategy that is focused on creating market share gains, enhanced profitability and further diversifying revenue streams. Lords targets specialist, independent businesses that broaden product range or geographic reach in order to do this. The Merchanting and P&H markets remain highly fragmented, offering significant opportunity given Lords' reputation as being an acquirer of choice in the market.

The Group continues to maintain a prudent and considered approach to inorganic growth and, whilst a pipeline of acquisition opportunities remains live, in the current environment the Group is committed to balance sheet discipline which will remain in fiscal year 2024.