Dhamecha has reported £19.4m pre-tax profits for the year ending 31 March 2022, with the figure a 10% increase on the previous 12 month’s number of £17.5m.
The accounts also show sales rising by 3.5% to £1.1bn, while net assets rose to £94.4m – a 2% rise on the previous 12 months. Turnover, meanwhile, came in at £1.12bn compared to the previous number of £1.09bn.
“The directors considered the results at the year-end to be satisfactory and intend to pursue strategies that would enhance the growth of the company and result in improved performance,” said director Pradip Dhamecha.
Read more: Parfetts awards 8% profit share bonus to staff
“We delivered financial results of the year 2021/22 are in line with our expectations,” it continued. “The directors aim to continue with the management policies which have resulted in the company’s steady growth, however due to the uncertainty resulting from the inflation pressures in the market, we have at this time decided not to provide an outlook for 2022/23,” he added.
The director also said that the wholesaler has now set up a business development team who will report to directors on the issues facing customers such as complaints, communications and insights.