An employee-owned cash and carry and convenience store giant has handed its staff an "extraordinary pay rise" to help with the cost-of-living crisis.
A G Parfett & Sons, which is behind the Parfetts Cash & Carry, GoLocal and Gold brands, has awarded a 7.5% rise for salaried staff while weekly paid employees have seen an increase of 9.6% to hourly rates.
Staff are also to receive an extra day of paid holiday and can take additional unpaid holidays to a maximum allowance of 38 days for full-time staff.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
The news comes as the company announced its turnover had risen by over 6% to £605m in the year to June 30, 2022.
The company has not revealed how much pre-tax profit it achieved during its latest financial year while it is overdue publishing its accounts on Companies House.
Joint managing director Guy Swindell said: "We have remained laser-focused on our customers over the last year and put in place a record number of promotions that have attracted a tremendous amount of interest.
"With the rising cost of business, retailers are having a tough time, and we are doing everything we can to help them maintain their margins.
"Everyone at Parfetts is pleased with the results for the year ended June 2022.
"It has been a year of consolidation following two record-breaking years, the business is now debt free, and has, once again, seen record sales being achieved despite having to continue to work through supply chain difficulties."
Joint managing director Noel Robinson added: "The Go Local symbol group continues to grow at pace and remains a vital part of our strategy. While Go Local Direct (GOLD), the Free delivery service, which launched in the Sheffield depot, has expanded to Somercotes, Aintree and Middlesbrough.
"We continue to work closely with our customers to ensure that we are easy to do business with and support them wherever possible.
"All our hard-working colleagues deserve recognition for the fantastic service they deliver throughout the year.
"Once more, our trading performance has allowed our staff to benefit through our employee ownership bonus scheme and an exceptional cost of living bonus."
A G Parfett & Sons was founded in 1980 in Stockport. Parfetts Cash & Carry has branches in Stockport, Halifax, Somercotes, Sheffield, Middlesborough, Birmingham and two Merseyside depots in Aintree and Anfield.
The GoLocal brand has stores across North West Midlands and South Yorkshire.
READ MORE:
