Parfetts sees turnover soar

In its latest annual results, Parfetts has announced turnover has leapt 6.7% to £646m

The employee-owned wholesaler attributes the success to focusing on increasing customers’ profits through developments in its retail offering, extensive relevant product ranges, including the Go Local own label and more frequent promotions.

Parfetts saw operating profits increase 51% to £8.5m from £5.6m in the last financial year. The profits will be invested back into the business with the continued expansion of its delivery network, depot operations and symbol estate.

During this time, it has also rewarded staff with a record 10% pay rise and an overall 14% bonus.

“We’ve had a notable year with the launch of our Birmingham depot and whilst continuing our significant investment plan in our wider depot network, which, alongside our ever-improving digital channels, means we are constantly enhancing the experience for our customers and suppliers,” said Guy Swindell, Joint MD, Parfetts.

“The Go Local and The Local symbol estate continues to go from strength to strength, and we now have more than 1,300 retailers in the group. We’ve invested in our national network of retail advisors and continue to invest in our retailers with store refurbishments and new concepts.

“We are focused on continuing to deliver growth for our suppliers, and we’re proactive in ensuring they have the best support for their brands.”

Thinking green

During the past year, Parfetts has rolled out solar panels and LED lighting in all its depots to reduce carbon emissions. It is moving towards a corporate fleet of electric vehicles.

“Parfetts doesn’t stand still, and we are constantly looking at ways to improve efficiency to free up resources that can be reinvested back into the business,” said Noel Robinson, Joint MD, Parfetts.

“New technology will continue to improve the efficiency of our logistics and depot operations. I firmly believe that we have the best team in the business, who work hard every day to move the business forward and support our thousands of customers.”

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

Parfetts sustainability turnover