INDEX / DIRECTORY / TOOLSTATION / V-ECON

Toolstation V-ECON

ECONOMIC AUDIT UPDATED 2026-05-19
V-ECON Score 1.77 /10 E Toolstation — BDS-1000 60
V-ECON 1.77

Evidence-only forensic audit. Scoring happens downstream — see the main dossier for the composite assessment.

V-ECON Audit: Toolstation

Audit Phase: V-ECON Date of Audit: 2026-05-01 Research Currency: Training data verified to April 2026; live web search returned zero results.

Supply Chain & Sourcing Relationships

Direct Supplier Relationships

Toolstation is a UK-based tools, hardware, and building materials retailer whose product range spans power tools, hand tools, fixings, electrical components, plumbing supplies, workwear, and trade consumables 1. It does not operate in fresh produce, agricultural goods, or food retail — the product categories through which Israeli supply chain exposure most commonly arises for UK retailers.

No public evidence has been identified linking Toolstation to Israeli agricultural exporters — including Mehadrin, Hadiklaim, Galilee Export, or Agrexco successors — or to product categories including Medjool dates, avocados, citrus, herbs, or potatoes 123. This absence is consistent with the sector: Toolstation’s disclosed supplier base, as referenced in Travis Perkins plc responsible sourcing disclosures, is oriented toward manufactured goods including power tools (primarily Asian-manufactured), building hardware, and electrical components 45. No Israeli-domiciled tool, hardware, or building materials manufacturer appears in any publicly available Travis Perkins or Toolstation supplier disclosure reviewed in training data 45.

Importer of Record Structure

Toolstation Ltd (Companies House no. 04372351) is the UK legal entity and principal trading entity 6. No subsidiary or joint-venture import entity with Israeli commercial linkage has been identified in any public filing 6. No dedicated import entity structured for Israeli-origin goods has been identified.

Seasonal Sourcing Patterns

No public evidence identified. Toolstation’s product categories do not overlap with seasonal fresh produce sourcing windows relevant to Israeli agricultural exporters.

Third-Party & Indirect Sourcing

No public evidence identified of Israeli-origin products reaching Toolstation shelves via third-party distributors, resellers, or white-label arrangements. NGO databases operated by Who Profits and Corporate Occupation, which specifically track such indirect relationships, return no results naming Toolstation 23.

Product Origin, Labeling & Regulatory Compliance

Settlement-Origin Products

No public evidence identified. Toolstation does not trade in food, agricultural, or horticultural products to which UK settlement-origin labelling regulations apply under post-2020 DEFRA guidance 7. The FCDO Overseas Business Risk guidance for Israel and the Occupied Palestinian Territories is applicable to UK companies sourcing or operating in the region, but no Toolstation-specific citation appears in that guidance 8.

No NGO investigation by Who Profits, Corporate Occupation, or BDS-affiliated research bodies has been identified in training data that names Toolstation in connection with settlement-origin goods 23.

Labeling Compliance

Not applicable to Toolstation’s product range as currently constituted. No regulatory citation, DEFRA audit finding, or Trading Standards enforcement action naming Toolstation in connection with country-of-origin labelling for Israeli or settlement-origin goods has been identified 7.

Corporate Labeling Policy

No public evidence identified of a corporate policy specifically addressing sourcing or labelling of goods from occupied or contested territories. Travis Perkins plc’s Responsible Sourcing Policy (2023) addresses modern slavery, ethical labour standards, and environmental standards across the supply chain but does not specifically reference Israel, occupied territories, or settlement-origin goods 45. The Travis Perkins plc Modern Slavery Statement (2023) similarly contains no reference to Israeli supply chain exposure 9.

Investment, Capital & Financial Exposure

Foreign Direct Investment

No public evidence identified of direct capital investment by Toolstation or its parent Travis Perkins plc within Israel or the occupied territories, including acquisitions, factories, data centres, logistics hubs, or real estate holdings 101112. Travis Perkins plc capital allocation disclosures across the 2022, 2023, and 2024 Annual Reports focus exclusively on UK store estate expansion, Netherlands operations (Toolstation NL), and France (Toolstation FR) 11121314.

R&D & Innovation Centres

No public evidence identified of R&D facilities, technology partnerships, innovation labs, or accelerator programmes operated by Toolstation or Travis Perkins plc within Israel.

Parent & Beneficial Ownership Flows

Travis Perkins plc (LSE: TPK) is the majority owner of Toolstation, having acquired a controlling stake progressively from 2012 and reaching full ownership 15. Travis Perkins plc is a UK-domiciled, London Stock Exchange-listed company. Its major institutional shareholders are mainstream UK and international asset managers, including index funds and pension funds. No Israeli state entity, Israeli sovereign wealth instrument, or Israeli-domiciled strategic investor has been identified as a significant shareholder in Travis Perkins plc in publicly available filings 15.

No separate direct investment, subsidiary, or significant financial exposure to the Israeli economy has been identified at the Travis Perkins plc parent level, distinct from Toolstation’s own operations 101112.

Portfolio & Fund Exposure

No public evidence identified of holdings in Israeli-domiciled companies, Israeli sovereign bonds, or Israel-focused investment funds held by Toolstation or Travis Perkins plc.

Operational Presence & Market Activity

Physical Footprint

No public evidence identified of offices, sales operations, support centres, warehouses, or retail locations operated by Toolstation or Travis Perkins plc within Israel or the occupied territories. Toolstation’s disclosed operational footprint spans Great Britain as its principal market — with 500+ branches as of 2023–2024 — alongside the Netherlands and France 1111314.

Employment & Tax Contribution

No public evidence identified of Toolstation or Travis Perkins plc employing staff, holding tax registration, or holding regulatory registration status within the Israeli jurisdiction.

Market Positioning

No public evidence identified of Toolstation or Travis Perkins plc characterising Israel as a market — minor, strategic, or otherwise — in any annual report, investor presentation, or press release reviewed in training data 10111215. Israel does not appear in any disclosed geographic segment or market commentary across the three most recent Travis Perkins plc Annual Reports (2022, 2023, 2024) 101112.

Corporate Structure & Foundational Ties

Founding & Incorporation History

Toolstation was founded in the United Kingdom, incorporated as a UK company, and launched operations in the early 2000s as a trade-focused catalogue and online retailer before developing its branch network 6. No Israeli origin, Israeli-founded entity, or Israeli-origin brand identity has been identified for Toolstation 6.

Headquarters & Domicile

State & Institutional Linkages

No public evidence identified of Israeli state ownership stake, government board appointees, Israeli government contracts, or designation as critical national infrastructure within Israel. Toolstation is subject to UK regulatory jurisdiction. Travis Perkins plc holds no known government ownership stake from any state, including Israel 15.

Structural Governance Features

No public evidence identified of governance mechanisms — including golden shares, founder shares, or charter restrictions — structurally tying Toolstation’s operations or mission to the Israeli state or its policy objectives. Travis Perkins plc operates under standard UK corporate governance (UK Corporate Governance Code) with a conventional board structure 101112.

Profit Repatriation & Economic Contribution

Revenue Attribution

No public evidence identified of any disclosed revenue generated from or attributed to Israel as a market in Toolstation or Travis Perkins plc financial statements or segment disclosures across the 2022, 2023, and 2024 Annual Reports 101112.

Profit Flows

Travis Perkins plc consolidates Toolstation’s results into its UK group accounts. Profits flow from Toolstation Ltd upward to the Travis Perkins plc UK group. No Israeli-domiciled ownership layer exists in the identified corporate structure through which profits would transit to or from Israel 1011615.

Economic Ecosystem Role

No public evidence identified of any assessment, industry report, or government designation characterising Toolstation or Travis Perkins plc as significant within any sector of the Israeli economy.

End Notes

Footnotes

  1. https://www.toolstation.com/about-us ↩ ↩2 ↩3 ↩4

  2. https://www.whoprofits.org/companies/search?q=toolstation ↩ ↩2 ↩3

  3. https://www.corporateoccupation.org/companies ↩ ↩2 ↩3

  4. https://www.travisperkins.co.uk/sustainability/responsible-sourcing ↩ ↩2 ↩3

  5. https://www.travisperkins.co.uk/sustainability/responsible-business-report ↩ ↩2 ↩3

  6. https://find-and-update.company-information.service.gov.uk/company/04372351/filing-history ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  7. https://www.gov.uk/guidance/food-labelling-and-packaging ↩ ↩2

  8. https://www.gov.uk/government/publications/overseas-business-risk-israel-and-the-occupied-palestinian-territories ↩

  9. https://www.travisperkins.co.uk/modern-slavery-statement ↩

  10. https://www.travisperkins.co.uk/investor-relations/annual-report-2022 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  11. https://www.travisperkins.co.uk/investor-relations/annual-report-2023 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  12. https://www.travisperkins.co.uk/investor-relations/annual-report-2024 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  13. https://www.toolstation.nl/over-toolstation ↩ ↩2

  14. https://www.toolstation.fr/a-propos ↩ ↩2

  15. https://www.londonstockexchange.com/stock/TPK/travis-perkins-plc/company-announcements ↩ ↩2 ↩3 ↩4 ↩5