Workers at a historic Gloucester timber merchant received devastating news just days before Christmas, as the company announced it would cease trading after more than a century in business.
A Century of History Comes to an End
Griggs Timber Company, a fixture on Bristol Road in Gloucester since 1917, is to be wound up. The decision was confirmed by its owner, the Kellaway Group, on 23 December. The closure directly impacts approximately two dozen employees.
The firm's roots stretch back even further than its Gloucester presence. It was originally established in Loughborough during the 1870s by Joseph Griggs, who later became the inaugural mayor of the Leicestershire market town. The Kellaway Group purchased the Gloucester site in 2013.
Sustained Losses Force "Extremely Difficult" Decision
Julian Milligan, managing director of the Kellaway Group, described the closure as an "extremely difficult" decision that followed a thorough financial review. He cited a prolonged period of financial underperformance as the core reason.
The business has operated at a loss for the past three consecutive financial years, with performance worsening in the current period. Milligan pointed to a "prolonged downturn in the housing market" and stated that despite efforts to stabilise the company, there was no realistic prospect of a sufficient recovery in 2026 to return it to sustainability.
The announcement followed a report by the Local Democracy Reporting Service which had previously raised concerns about the site's long-term viability.
Support for Staff and Tributes to a Legacy
The company stated that its priority is now to support its employees through the transition. This support will include assistance with job applications and providing refresher and upskilling training to help workers secure future employment.
The closure marks the end of a significant local legacy. David Northage, the Mayor of Charnwood Borough Council and Conservative councillor for Shepshed West, expressed deep regret. He highlighted Joseph Griggs's lasting impact on Loughborough, including the donation of an 18-carat gold mayoral chain in 1888 which is still worn today.
"Loughborough is so proud of its association with Joseph Griggs," said Coun Northage. "He was a real benefactor to the town... We are very sorry to hear of the demise of the Joseph Griggs Company. It's the end of an era."
