Bestway Wholesale reported a 10% growth in revenues during 2021 to £2.66 billion, an increase of £220 million, returning an operating pre-tax profit of £37.2 million.
As a result, the wholesaler attributed its strong performance to its ability to respond quickly to changing customer behaviours.
In addition, Bestway Wholesale completed the acquisition of Costcutter Supermarkets Group in February 2021, increasing its scale of operations.
“Aside from Covid-19, market conditions in the wholesale sector remained challenging, with supply chain issues, staff availability and inflationary pressures,” Bestway Wholesale managing director Dawood Pervez said.
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“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.”
Pervez added: “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 the 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.”
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