Filshill turnover soars

JW Filshill’s turnover grew by 23%.

TURNOVER at JW Filshill was up by nearly one quarter on the previous year, according to the Glasgow-based wholesaler’s latest set of financial results.

Figures for the year ending 31 January put turnover at £191 million, up 23% from £155 million on the preceding trading period.

Operating profit at JW Filshill also grew, increasing by £2.3m – representing 1.2% of turnover, up from 0.67%.

The positive results for Filshill come as the wholesaler prepares to relocate to a 120,400 sq ft purpose-built distribution centre at Westway Park near Glasgow Airport early next year.

Keith Geddes, chief financial and operating officer, said that the group had delivered “strong” financial results during a period of “extreme uncertainty.”

Geddes added that although the wholesaler had faced high costs associated with creating a safe working environment during the pandemic, these were offset by increased demand for convenience retail.

Simon Hannah, chief executive at Filshill, said: “Our long-term strategy of building strong partnership-based relationships with our customers and suppliers has been critical in us providing essential supplies to communities across the country in challenging times. We were recently ranked number one by suppliers in an independent survey across our key competitors for the ninth consecutive year.

“The directors are pleased with the company performance and are confident that profits will continue at a satisfactory level going forward.”

He added: “The Filshill team, as key workers, have been incredible over the past 12 months, showing flexibility, resilience and adapting to the continuously changing environment that Covid presented – I couldn’t be prouder of the Filshill family.”