Scottish wholesaler JW Filshill has announced a 7.3% increase in turnover to £155 million for the year ending January 31, 2019, up from £145m the previous year, with the company putting this down to stong growth across all product categories.
Keith Geddes, finance director, said: “The Brexit process had added a level of uncertainty to the business as it has done across all industries”, but said: “We believe that we have taken the necessary steps to minimise the associated risks and take advantage of the corresponding opportunities.
“The living wage, pension regulation and fuel prices continue to drive up our cost base,” he continued. “However, we continue to focus on offsetting these increases through a constant drive in improving operational efficiency and maximising our use of technology and data,” he added.
Managing director, Simon Hannah, pointed to a “highly competitive and challenging” independent retail marketplace with consolidation continuing apace but said: “We seek to manage the principal risk of losing customers by aiming to deliver best-in-class customer service, and we are well positioned to continue to take advantage of the opportunities we are creating and delivering growth.”
Filshill recently announced plans to relocate to a brand new, purpose-built distribution centre at Westway Park, near Glasgow Airport.