Employee-owned wholesaler Parfetts has awarded staff a maximum 4% bonus after the firm reported record sales of £807m for the year to June 2026, up 10.6% on the previous year.
This follows on from a 5.3% sales increase to £733m for the year to 30 June 2025, which was made public in April 2026. The company also reported a decline in profit after tax of 13.3% to £5.34m for the year ended 30 June 2025.
The company has more than doubled sales over the past six years and Parfetts said it was “well on track” to achieve its goal of £1bn annual turnover within the next three years.
Joint managing director Guy Swindell said: “Our people are the reason Parfetts exists. As an employee-owned business, the success we create belongs to our colleagues. Rather than distributing profits to external shareholders, we reinvest in the business and reward the people who make that success possible.”
Parfetts has continued to strengthen its market position through investment in its symbol estate, own-brand range and delivered wholesale network. The business is approaching 2,000 symbol stores nationwide across its Go Local, Go Local Extra, The Local and Shop & Go fascias.
Over the past 12 months, Parfetts has expanded into Scotland for the first time with its delivered wholesale service and Go Local symbol group. A major focus has also been the continued investment in its Southampton depot, which is driving expansion across London and the South East, increasing capacity and enabling the wholesaler to support more independent retailers in one of the UK’s largest convenience markets.
Joint managing director Noel Robinson said: “This result reflects the strength of our employee ownership model and the commitment of colleagues across the business. Despite continued cost pressures across the wholesale sector, we’ve maintained strong momentum by focusing on helping independent retailers grow.
“As we prepare to operate independently following our departure from Unitas, we’re in a strong position to build even closer supplier relationships and deliver even greater value for our retailers.”
