Booze wholesaler LWC Drinks has hailed a year of “agressive growth” with sales up more than £53m.
The business’ turnover grew 21.5% to £300.4m for the year ending 30 September 2018, latest results reveal. Operating profits, meanwhile, grew by £305,981 to £10,744,025.
LWC managing director Ebrahim Mukadam said LWC’s bosses were “delighted with the trading results”, attributing its performance to ”both organic growth and acquisitions”.
The business had continued to “invest heavily in both the infrastructure of the company, and our people”, he said.
“Notable successes of the last trading year have included the acquisition of Eastbourne-based HT White & Co, and a new operating site in Leeds, to service our ever-growing customer base.”
Meanwhile it had “continued to grow our signature brands, with our portfolio of premium spirits, beers and ciders expanding yearly”, he added.
“LWC’s specialist product range remains the largest in the UK with over 9,000 SKUs, allowing us to deliver exactly what the customer wants, when they want.”
The wholesaler has consistently defied challenging market conditions for wine companies over past years – for its prior financial year (ending 30 September 2017) its turnover was up 16.2%, or £34.5m to £247.2m.