Founded in 1987, Kitwave is an independent, delivered wholesale business with approximately 2,100 employees and a network of 37 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen, chilled and fresh foods, alcohol, groceries and tobacco to approximately 42,000, mainly independent, customers. Currently, the Group sells a broad portfolio of approximately 44,000 products.
The diverse customer base includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers, and other wholesalers, as well as leading national retailers.
Kitwave’s ability to provide low-value drops, with minimum orders values from as low as £100, ensures the Group is best placed to capture this market. The marketplace in which Kitwave operates was estimated to be worth approximately £31 billion in 2023. The Group has grown its share of the market through a series of acquisitions, enabling geographical expansion and product/market diversification. Notably, ventures into the Frozen, Chilled and Foodservice markets have all supplemented the original Ambient business.
£602.2m*
Group revenue
*12 months ended 31 October 2023
42,000
Independent customers
2100
Employees
37
Nationwide depots
Link Group, the company’s registrar, has launched a shareholder app: LinkVote+.
It’s free to download and use and gives shareholders the ability to access their records at any time and attend virtual AGMs.
The app also allows users to submit a proxy appointment quickly and easily online rather than through the post.
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