Employee-owned wholesale business Parfetts is awarding colleagues an 8% profit share bonus to recognise their work growing the business and to help them through the ongoing cost of living crisis.
The company, which supplies retailers across the country, had already offered a bonus of up to 2% in June and an exceptional cost of living payment of up to £500.
Bosses say the group has also seen a series of record trading periods over the last six months, with a record September Savers event seeing sales top £14.6m.
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Parfetts was founded in 1980 by the Parfetts family. A majority stake in the business was sold to an Employee Trust Board in 2008, and the company became fully employee-owned in October 2018.
The group's headquarters is in Stockport and it has depots in Liverpool, Halifax, Sheffield, Middlesbrough, and Somercotes in Derbyshire.
Parfetts is currently developing a new depot in Birmingham to grow its presence in the Midlands and the M40 corridor, and is also planning to expand other depots.
Guy Swindell, joint managing director of Parfetts, said: “Our team continues to go above and beyond to deliver great customer service and help retailers maximise their margins in a challenging economic climate.
"We want to ensure that we recognise this dedication with a bonus that will help with the rising cost of living that we all face.
“Parfetts is pushing on all fronts to ensure that we continue to help our customers however they shop with us – in our network of industry-leading depots, through our ever-growing team of regional development managers, and with investment in new technology to ensure it’s easy to do business with us.
“We’ve doubled down on our seasonal events, which are designed to drive footfall, increase basket spend and grow margins. Plus, we are continuing to offer our usual promotional support, including one-day specials, manager’s specials, three weekly promotions schedules and supplier takeovers. As a result, we are confident that we are leading the industry in delivering value to our retailers and their customers."
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