Parfetts has seen its turnover rise by 6%, with the £605m figure also leading to a 7.5% pay rise for salaried staff and an 9.6% increase to hourly rates for weekly paid employees.
The company recently opened a new depot in Birmingham and previously achieved two record years prior to this.
Guy Swindell, joint managing director of Parfetts, said: “We have remained laser-focused on our customers over the last year and put in place a record number of promotions that have attracted a tremendous amount of interest. With the rising cost of business, retailers are having a tough time, and we are doing everything we can to help them maintain their margins.
Read more: Parfetts Birmingham depot opening adds to growing investment plan
“Everyone at Parfetts is pleased with the results for the year ended June 2022. It has been a year of consolidation following two record-breaking years, the business is now debt free, and has, once again, seen record sales being achieved despite having to continue to work through supply chain difficulties.”
Noel Robinson, joint managing director of Parfetts, added: “The Go Local symbol group continues to grow at pace and remains a vital part of our strategy. While Go Local Direct (GOLD), the Free delivery service, which launched in the Sheffield depot, has expanded to Somercotes, Aintree and Middlesbrough. We continue to work closely with our customers to ensure that we are easy to do business with and support them wherever possible.
“All our hard-working colleagues deserve recognition for the fantastic service they deliver throughout the year. Once more, our trading performance has allowed our staff to benefit through our employee ownership bonus scheme and an exceptional cost of living bonus.”
Parfetts invested £1.5m in replacing plant and equipment and over £1m in improving depots. The Middlesbrough site saw its upgrade programme completed following its acquisition in 2018.
The results were announced following the launch of Parfetts new depot in Birmingham, which will operate a hybrid model – cash & carry and delivered. It aims to bring the Parfetts offering into new geographic areas, where competitive pricing, backed up by strong stockholdings, will attract new customers and support the growth of the symbol group.
