B&Q was founded in March 1969 in Southampton, England, by Richard Block and David Quayle, following the purchase and fitting out of a former furniture warehouse in the Southampton suburb of Portswood. Originally called Block & Quayle, the duo soon shortened the brand to B&Q as stock delivery notes and invoices were already unofficially abbreviating the name. By each working over sixty hour, six day weeks, they were able to repay their bank overdraft within six months of opening, with turnover reaching £1million within the first five years of operating. Following the departure of co founder Block in 1976, the chain
Quayle Munro of PFI deals in Scotland until the introduction of the Scottish Futures Trust in 2008. In March 1993, the bank announced that it would be making a reverse takeover of East of Scotland Industrial Investments. The new company would be called Quayle Munro Holdings and would seek a listing on the London Stock Exchange. In June 1993, Quayle Munros shares' commenced trading on the Stock Exchange. In 2003, Quayle Munro, moved its listing from the main stock market to the Alternative Investment Market (AIM). Ian Jones, chairman, stated that 'the AIM did not exist in 1993 and was now more