Staff handed £500 cost of living bonus as sales pass £600m

An employee-owned cash and carry and convenience store giant is to hand its staff a cost of living bonus of up to £500.

Parfetts said it is “recognising its staff’s hard work and dedication” with the payment which comes in addition to a company-wide sales bonus of up to 2% of salary.

The business added that all bonuses will be paid tax-free to team members.

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Teams in the best performing depots of Aintree and Middlesbrough received a 4% bonus. The two depots saw sales growth of 21% and 18%, respectively.

Parfetts also revealed that its sales exceed £600m for the first time during its latest financial year.

Joint managing director Guy Swindell said: “As an employee-owned business our people are at the heart of everything we do.

“It is the hard work and dedication of everyone at Parfetts that drives our continued success.

“We wanted to look at how we can support people with the current cost of living crisis and took the decision to pay an additional bonus this year.

“Over the past 12 months, we’ve focused on providing a high level of service, product range and price to our customers.

“With the continued expansion of our delivered operation and the recruitment of new customers to the Go Local fascia estate, we have achieved a record sales figure.

“Parfetts has continued to grow despite significant sales periods overlapping last year’s lockdowns and the aftershocks of the Covid pandemic.

“Looking forward, there are significant opportunities for growth as we continue to evolve our offer to support our customers.”