Filshill turnover and profits rise despite market challenges

JW Filshill saw turnover increase by 4.4% to £200 million in the year ending 31 January 2022

The Glasgow-based wholesaler, a fifth-generation business, also saw operating profits rise from £2.3 million to £2.7 million. It also recorded gross profit of £17 million while net assets grew to £17.1 million compared to £15.2 million the previous year, an increase of 12.6%.

Keith Geddes, chief financial and operating officer, said that while sales and operations had been heavily impacted by the ongoing pandemic, tight controls and efforts by the Filshill team “minimised disruption and helped us continue to grow the business and deliver a high level of service to our customers”.

Simon Hannah, chief executive officer (pictured above), said that the company continued to measure revenue, gross margin and operating profit as key financial indicators and monitored non-financial KPIs such as staff performance, vehicle fuel performance, sales service levels/range achievements, unanswered telesales call, returned orders and early warning date codes as part of its business performance review.

“The long-term success of the company is central to everything we do,” he said.

“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.”

JW Filshill Keith Geddes Simon Hannah