North East Convenience Stores has revealed it is on the hunt for more stores after posting a big hike in sales and profits.
Pre-tax profits rose from £153,944 to £308,709 in the year to 30 November 2010 on sales up 4.7% to £11.7m, according to Companies House accounts.
“The company is well placed to continue the development of its store estate through selected acquisitions over the next 12 months,” director Sanjeev Vadhera wrote in the accounts. “The company has continued to invest heavily in the chain’s physical development with a further two full refits.”
The company had also focused on staff training, marketing, advertising and promotion, and was developing key supplier relationships, he added.
In February, Vadhera said the 11-store chain was aiming to open two new stores this year and a further four in 2012.