After a record year for turnover, Parfetts has announced a 12% proftit share bonus for its employees. The news follows the announcement of an 8% increase in turnover to £696m in the latest financial year.
The employee-owned wholesaler will share the bonus in October with all qualifying colleagues. The bonus comes in addition to the 4% sales growth bonus paid in July and a 10% company-wide pay rise awarded in April 2024. The chain is growing rapidly with the launch of an eighth depot in Birmingham and over 1,300 retailers in its Go Local fascia.
Guy Swindell, joint managing director, said: “Our colleagues work hard to ensure our retailers have the support they need to grow their businesses. Thanks to their efforts, we continue to go from strength to strength and deliver the service that attracts retailers from across the industry to partner with us.
“The trading environment is still challenging for retailers, and we’re committed to doing all we can to provide great value and industry-leading service. We know their success is our success. That’s why we continue investing in our people and service.”
Parfetts is also expanding its own label range, which will reach 200 lines by the end of the year. The Go Local range is designed to offer notable margins on the best-selling lines. It operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport.
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