JW Filshill has reported a £2.7m operating profit in the year ending 31 January 2022, an increase of 17% on the previous year, amid challenging market conditions.
The Scottish wholesaler also reported turnover of £200m over the same period, compared with £191m last year, an increase of around 5%.
The business said whilst sales and operations were heavily impacted by the pandemic, it had minimised disruption with tight controls to deliver growth.
However, going forward, the company said rising inflation, supply issues and the cost of living crisis would pose additional challenges.
“Industry-wide supply issues have been a challenge. However, to offset this the group works hard to maintain strong partnership-based relationships with all suppliers,” said chief financial and operating officer Keith Geddes.
“We were recently ranked number one by suppliers in an independent survey by The Advantage Group across our key competitors all over the UK for the twelfth consecutive year.”
CEO Simon Hannah said: “The long-term success of the company is central to everything we do,
“We invest in long-term return projects to protect future revenue streams and this includes constantly updating our technology, equipment and vehicle fleet – an approach that has resulted in greater efficiencies and customer satisfaction.”
During the financial year, the company successfully reduced its carbon footprint by 9% as it works towards a net zero emissions target.
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