One of the UK’s top independent wholesalers, Glasgow-based United Wholesale Scotland, announced a positive set of results this week.
Sales for the year ended 31 December 2013 were up 4.8% to £212m, with profits up by 1% to just over £1m.
MD Asim Sarwar said that the C amp;C depots had performed well, with growth also coming from its symbol store operation, which trades under the Day Today and Day Today Express fascias.
“We are pleased by our rise in turnover, representing a return on the significant investments we have made, which we are certain will deliver sustained growth,” he said. “We have developed and nurtured key areas of the business and look forward to seeing them flourish as we expand,” he said. “These results are a result of staying true to our core ethic of supporting customers in what remains a very challenging economic climate.”
According to accounts filed at Companies House last week, specialist drinks wholesaler HT amp; Co (Drinks) saw its profits fall by 9.5% to £3.4m for the year to 30 September 2013. Sales for the same period were also down, by 1.5%, to £218m.
Writing in the accounts, director Prakash Thakrar blamed stiff competition and an uncertain economic climate for the falls, and said the company would be seeking to mitigate these effects by reviewing its range and services.