Employee-owned wholesaler, Parfetts, has reinforced its position as one of the UK’s fastest-growing national wholesalers by awarding staff a combined 14% bonus in recognition of a record-breaking year.
Employees will receive a 10% profit share bonus in addition to the 4% sales bonus paid in July, underscoring the central role that staff ownership plays in the company’s success.
Lesley Moulton, a retailer development administrator, who has worked at Parfetts for over 30 years, said: “It’s amazing for all of us to celebrate the profit share bonus, for the lads and girls on the shop floor especially, the bonus helps with the busy run up to Christmas and boosts their family income.”
The wholesaler says it has seen turnover rise 110% in six years to reach £800m, and now supports more than 1,650 independent retailers nationwide through its Go Local fascia. Its national expansion continued with the opening of a new depot in Southampton last month, marking the first cash and carry facility in the South in over a quarter of a century.
Guy Swindell (above right), joint managing director of Parfetts, 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 (above left), joint managing director, 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.”
No comments yet