Employee-owned wholesaler Parfetts has awarded its staff a combined 14% bonus in recognition of a record-breaking year.
Parfetts has several depots, which are located in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Somercotes, Stockport and Southampton.
The organisation will award its employees a 10% profit share bonus, in addition to the 4% sales bonus they received in July. The bonus is due to the employer seeing its turnover rise by 110% in six years to reach £800 million.
The bonus is intended to recognise the central role that its employee ownership model plays in its success. Its profits that result from this are channelled into store development, marketing activations and infrastructure.
The model helped it rank first in a benchmarking survey by Lumina, which assessed customer satisfaction, business support, product quality, pricing, and promotions.
Guy Swindell, joint managing director of Parfetts (pictured right), said: “Our people are the heartbeat of Parfetts. It’s their hard work, passion and commitment that fuel our growth. We’ve expanded our Go Local fascia to support more than 1,650 retailers, opened new depots to strengthen our national reach, and invested heavily in infrastructure to sustain momentum. These milestones show that our model is delivering for independent retailers right across the country.”
Noel Robinson, joint managing director of Parfetts (pictured left), added: “Employee ownership sets us apart in wholesale. It means every colleague has a genuine stake in the business and a direct share in its success. That sense of shared responsibility and reward drives better decisions, closer teamwork and, ultimately, better outcomes for our retailers and their customers.”
