Hothi Cash & Carry is poised to open a second depot following a decision to rename itself HT & Co (Drinks) and upgrade its existing site.

The new name was revealed as the company unveiled its new-look Park Royal depot in west London, which has been expanded from 18,000 sq ft of selling space to 28,000 sq ft. The extension includes a larger car park and room for an extended range of confectionery, snacks and soft drinks.

Sanjay Thakrar, trading director for HT & Co, said the board was now turning its attention to whether it should open a second site.

It was also planning to extend its Park Royal depot further, he said. It had acquired a further 15,000 sq ft building to the rear and would use this space to expand its confectionery or introduce perishable offers such as bread and milk for the first time.

The company's name had been changed because the business had "changed considerably" since the Thakrar family acquired the business from the Hothi family in 1998, said Thakrar.

HT & Co is 23rd in The Grocer's The Big 30 ranking of wholesalers with sales of £119m and a profit of £2m. In April this year it was 14th in The Sunday Times' Profit Track ranking of companies with the fastest-growing profits.