NBC has reached £100 million in combined revenues and member terms payments since the group started in 2019.
The group announced this milestone when it updated its shareholder members and supplier partners of its trading performance for the first quarter of the year.
The main trading for the company is through NDN, a centralised warehousing and logistics service which provides an essential service to members and a route to market solution for supplier partners.
In the first three months of 2023, invoiced sales have grown by over 50%, a performance when adjusted for any measure of inflation is considerably greater than the previous year.
Members continue to get access to great brands at net pricing and this is reflected in their own individual results.
NBC continues to generate incremental terms from its group agreements with supplier partners.
David Lunt, NBC Managing Director, commented: “We always knew that we wanted to take a different path to other groups, and whilst we know we have one or two unique differences to how we work and how we generate benefits, we could never imagine that this would be one of the outcomes, and achieving this from scratch. My thanks go to everyone that has made this possible.”
To recognise this milestone, NBC is inviting 100 guests from both the membership and its supplier partners to an exclusive event in the near future to say a big thank you to everyone concerned.
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