Record turnover for Stockport wholesaler

Stockport-based wholesaler, Parfetts, has achieved a record breaking annual turnover of £733 million in its financial year ending 2025.

With sales up from £696 million in 2024, the employee-owned business is awarding its workforce the maximum 4% sales bonus. The latest results mean the wholesaler has nearly doubled its turnover since 2019, while its Go Local symbol group encompasses over 1,650 retailers nationwide, with a further 300 stores expected to join in the coming financial year.

Alongside sustained growth in Birmingham and the successful launch of new initiatives, such as its Shop & Go and The Local fascias, the company has confirmed that it will open a new depot in Southampton later this year. The move strengthens Parfetts national credentials, further enhancing its delivered service network and accelerating access for retailers in the south of England, including to its own label range that now spans more than 200 lines.

Joint MD of the Stockport wholesaler, Guy Swindell, said:

“Our people are the heartbeat of Parfetts. It’s their hard work, passion and commitment that fuels our growth. The employee ownership model gives us a powerful platform to reward that effort, attract great talent and deliver the best service to our retailers.”

The sales bonus comes in addition to a 12% profit share bonus paid last year, with another profit share distribution planned for later in 2025. Parfetts’ employee ownership model enables it to reinvest profits into its people and infrastructure, which it says is the engine behind its momentum.

Noel Robinson, Parfetts joint MD, concluded:

“It also means we invest more back into margins for our customers as we have no shareholders to pay,  so everything we make is invested in the business and our customers’ businesses.”

Parfetts is closing in on its target of 2,000 symbol stores across its Go Local network and expects its turnover to surpass £1 billion in the next three years.