United Wholesale (Scotland) has delivered sales of £212m during the past financial year. The company puts this increase down to “aggressive” pricing and favourable credit terms for retailers. A 4.8% increase in turnover comes off the back of significant invest in its Maxell Road site in Glasgow and the development of a first site in Edinburgh.
Both its cash and carry depots at Maxwell Road and Queenslie performed well, resulting in a 4.8% rise in turnover. Pre-tax profit also grew to £2.08m, up from £2.06m on the previous 12 months.
The company also said that further progress has been made in developing its symbol group operation under the Day Today and Day Today Express banners – a key element of the business’ long-term strategy – with performance outstripping original expectations. This comes
During the year the company also made political donations to the Labour Party of £35,832, and charitable donations of £60,675.
Managing Director Asim Sarwar – who operates the business alongside his brother Athif Sarwar – said the company was pleased to deliver strong results amid heightened competition and less disposable incomes among consumers. He said: “We are extremely pleased by our rise in turnover, representing a return on the significant investments we have made, which we are certain will continue to deliver sustained growth. We have developed and nurtured key areas of the business and now look forward to seeing them flourish as we expand our footprint.
“This performance is a result of staying true to our core ethic of supporting customers in what remains a very challenging economic climate.”
Athif Sarwar added: “We believe our customer focused strategy will provide us with a strong foundation going forward as we enlarge our footprint in the east coast, while further developing our symbol group outlets. As always, our primary objective has been to deliver aggressively on price, ensuring our customers can compete with supermarkets and retail groups. Our credit facilities also offer significant benefits to customers who do not have access to pre-recession borrowing levels. By adopting this positive approach, we have been able to secure steady growth, increase our offering, and sow the seeds of future success.”