Robust results for JW Filshill in challenging market

In a “robust” set of financial results for the year ended 31 January 2025, JW Filshill saw its turnover remain stable and profits increase

In a robust set of financial results amid challenging market conditions, operating profit increased from £4.2m to £5m – an increase of 18.7%. Profit before tax increased by 22.8%, from £4m to £4.9m.

Filshill, which supplies KeyStore convenience stores and independent retailers across Scotland and the north of England, and national accounts including the Scottish Prison Service, continued to deliver against a clearly defined corporate strategy and ambitions for the future, as well as driving efficiency across the business.

Keith Geddes, chief financial and operating officer, said: “This improved efficiency is more essential than ever given the increase in costs driven mainly by changes to fuel, living wage and employers’ national insurance costs.

“The company has also invested heavily in the upskilling of many employees to take full advantage of advancements in artificial intelligence and ensure that we make use of these tools across all areas of the business.

“We also continue to push forward with heavy investment in other areas of technology such as the innovative use of data, tracking software, and industry-specific opportunities such as electronic shelf-edge labels.”

The company, Geddes said, continued to measure revenue, gross margin and operating profit as key financial indicators and monitor non-financial KPIs including staff performance, grammes of carbon created per case, vehicle fuel performance, and sales service levels.