United Wholesale Scotland boosts turnover and gross profit

United Wholesale Scotland (UWS) achieved record turnover of £285 million in the year ending 31 December 2024, up from £281.7 million in 2023.

Gross profit rose from £25.4 million to £26.9 million – representing an increase from 9% to 9.5% – while operating profit was down from £7.6 million to £6.9 million.

The Glasgow-based wholesaler, which recently completed its takeover of Time Wholesale in Essex (now called United Rainham), said that the growth was achieved despite a highly competitive market and ongoing pressure on consumer spending.

A company spokesperson added: “Our strategic focus on optimising the sales mix, enhancing customer and supplier relationships and using modern technology has led to operational improvements across the business.

“In light of the ongoing challenges posed by widespread inflation and rising costs across all sectors, we remain committed to delivering value, fostering innovation and supporting our loyal customer base.”