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PRIVACY
Retail & Consumer

Parfetts pays out huge bonus to all staff after 拢570m record year

It's to recognise employees' work throughout lockdown and 'unprecedented growth'

Staff at Parfetts have been paid a 4% bonus for their work throughout the pandemic(Image: Simon Dewhurst Photography Ltd)

A Greater Manchester-based cash and carry firm has awarded all staff a tax-free, 4% bonus after a record year that saw turnover hit £570m.

Stockport-based Parfetts said the move follows a series of bonuses throughout the year to "recognise the hard work of staff through lockdown" - and a period of unprecedented growth.

The wholesaler, which has grown 85% in the last five years, said as well as a record turnover, sales from the "rapidly expanding" Go Local fascia had also increased.

Parfetts also announced that it had expanded its geographical reach by expanding its delivered service into the Midlands, and saw its online presence continues to grow to over 40% of all orders.

It saw Go Local finish the year with over 850 retailers in the fascia and launched an off-licence focused fascia, The Local.

Guy Swindell, joint managing director, said: “Everyone at Parfetts has gone above and beyond this year to help retailers navigate the challenges of lockdowns and restrictions across our regions.

“As an employee-owned business, we are able to reinvest back into the business to rapidly advance our plans for depot growth, the expansion of our delivered service and our fascia operations.