More

    Parfetts awards 10 per cent bonus following growth year

    Employee-owned wholesaler Parfetts is awarding colleagues a 10 per cent profit share bonus to recognise their contribution to the continued growth of the business.

    The move follows Parfetts announcement that sales topped £634m in the last year. The wholesaler has grown rapidly, expanding its Go Local fascia to over 1,100 stores and opening a new depot in Birmingham.

    Following a year of investment into safeguarding retailer margins with an expanded promotional plan, including significant events like the company’s annual Parfest, like-for-like sales increased by 4.7 per cent on £605m in the previous financial year. The profit split comes after all qualified Parfetts employees received a 4 per cent tax-free sales bonus in July.

    Guy Swindell, joint managing director of Parfetts, said, “As an employee-owned company, our people are at the heart of everything we do. It is their hard work that is driving the business forward and supporting retailers across the UK.

    “The year ahead will continue to provide a challenging environment for retailers, and we are increasing our efforts to support their margins and give them the service they need to operate efficiently and effectively.”

    Over the last 12 months, Parfetts has invested in reducing its carbon footprint by rolling out LED lighting and solar panels at its depots across the UK. The move drastically reduces the company’s carbon footprint and generates cost savings that help drive value across the business.

    Noel Robinson, joint managing director of Parfetts, said, “All of our dedicated colleagues deserve praise for the outstanding service they provide all year round. As an employee-owned company, we can ensure the success of the business is shared, and hard work is rewarded.”

    Parfetts operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport. Its operations cover England, North Wales, and the Midlands.

    Latest

    Dual armed robberies hit Leeds stores

    Two armed robberies in stores have rattled Leeds as...

    Brothers Drinks to continue as official cider of Glastonbury Festival

    Brothers Drinks Co. has signed a new contract to...

    Rude Health reveals new Organic Oat Barista

    Healthy and natural food and drink pioneers, Rude Health,...

    JTI rewards retailers with £250k prize pot

    Five win £50k each in the Mayfair Gold ‘Go...

    Don't miss

    Dual armed robberies hit Leeds stores

    Two armed robberies in stores have rattled Leeds as...

    Brothers Drinks to continue as official cider of Glastonbury Festival

    Brothers Drinks Co. has signed a new contract to...

    Rude Health reveals new Organic Oat Barista

    Healthy and natural food and drink pioneers, Rude Health,...

    JTI rewards retailers with £250k prize pot

    Five win £50k each in the Mayfair Gold ‘Go...

    Retailers in dismay over possible DRS delay until 2028

    Major retailers have expressed disappointment over the delay...

    Dual armed robberies hit Leeds stores

    Two armed robberies in stores have rattled Leeds as local police is now appealing to the public for any information that could lead to...

    Retailers in dismay over possible DRS delay until 2028

    Major retailers have expressed disappointment over the delay to the government’s flagship recycling scheme amid the reports that it is likely to get delayed yet...

    Retailers call on to align business rate to reflect April’s inflation

    Five leading trade bodies have written to the Chancellor ahead of the Spring Budget, urging him to align the business rates rise in April with the...