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 is 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 national wholesaler 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, 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.”
Parfetts’ employee-ownership model is delivering dividends beyond its workforce, with profits channelled into store development, marketing activations and infrastructure. The approach has helped the wholesaler secure the top position in an industry-wide benchmarking survey conducted by Lumina, which assessed customer satisfaction, business support, product quality, pricing, and promotions.
Noel Robinson, joint managing director of Parfetts, 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.”
*Parfetts announced growth in the year ending June 2019 of £380.2m.
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