Wholesaler Parfetts has awarded its employees a 12% profit share bonus following a record year for turnover.
The employee-owned business operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport.
All qualifying employees will receive the bonus in October. It is an increase from the 10% profit share bonus that Parfetts awarded employees last year as part of its recognition of their contribution to its continued growth.
The profit share bonus is in addition to a 4% sales growth bonus paid in July and a 10% business-wide pay rise in April.
This follows an 8% increase in turnover to £696 million in the latest financial year. This is also an increase from last year, when the wholesaler achieved a 4.7% rise on like-for-like sales worth £605 million in the previous financial year.
Guy Swindell, joint managing director of Parfetts, said: “Our staff 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 are committed to doing all we can to provide great value and industry-leading service. We know that their success is our success. That’s why we continue investing in our people and service.”
Noel Robinson, joint managing director of Parfetts, added: “Many of our staff work with us for their entire careers, and our retailers benefit from this expertise across the business. It’s a can-do culture focused on delivering the best possible outcome for every customer.”
