Strong trading results posted by Bestway for 2021
Bestway Wholesale has recorded a 10% growth in revenues during 2021 to £2.66 billion – returning an operating pre-tax profit of £37.2 million.
The rise saw Bestway’s revenue increase by £220 million and has been attributed to the agility of the business in responding fast to changing customer behaviours.
In the past year, the wholesaler prioritised its focus on making sure its operations were as smooth as possible alongside a heightened focus on stock availability to ensure it remained its customers’ partner of choice.
Bestway Wholesale also saw an opportunity to increase its scale and completed on the acquisition of Costcutter Supermarkets Group (CSG) in February 2021.
“Aside from Covid-19, market conditions in the wholesale sector remained challenging, with supply chain issues, staff availability and inflationary pressures,” explained Bestway Managing Director Dawood Pervez.
“We have also had to absorb the continued impact from the National Living Wage increases, as well as additional costs and the uncertainty surrounding Brexit.
“Despite these challenges, we remained committed to our strategic plans of offering improved service and convenience to customers and we continued to improve and manage availability of products during this period which resulted in a positive impact on sales.
“Despite the economic turbulence and challenges faced during 2021, the results are a testament to our strategic approach and operating model which has increasingly positioned us as the home of choice for the entrepreneurial retailer whether affiliated, or unaffiliated, and with a fascia to suit every retailer, regardless of size or location.
“I would like to sincerely thank all of our employees for the dedication and commitment they have shown during a very difficult period”.Bestway Wholesale coronavirus Costcutter covid-19 Dawood Pervez results