The Independents Independent Wholesaler
Kitwave Group increased revenues by 23% to £275 million in the six months ended 30 April 2023. Profit before tax rose by 48% to £8.3 million, and consolidated gross margin improved to 21.6%. Read full article here
Read full article Kitwave Group increased revenues from £380.7 million to £503.1 million in the 12 months ended 31 October 2022. Profit before tax rose from £2.1 million to £17.8 million, and gross profit margin increased from 18% to 20%. Read full article here
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Kitwave Group plc, the delivered wholesale business, is pleased to announce the appointment of Teresa Octavio to the Board as Non-Executive Director, with effect from 1 February 2023. Teresa has a wealth of advisory and board experience and, throughout her career, has been responsible for improving and developing companies’ growth strategy, culture, performance management, governance and organisational effectiveness. Teresa has…
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Kitwave Group plc, the delivered wholesale business, is pleased to announce the appointment of Lucie Milburn as the new Divisional Operations Director of its Frozen & Chilled division. Lucie, a qualified CIMA professional, brings over 17 years of experience within Supply Chain Operations and Finance at FTSE 100 Diageo, having held director level positions in both Operations and Finance. Lucie…
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Kitwave Group plc, the delivered wholesale business, is pleased to announce the acquisition of WestCountry Food Holdings Limited, a specialist fresh produce wholesaler to the foodservice sector. Established in 1856, WestCountry is a leading wholesaler of local, regional and imported fresh produce in the South West of England. The business has developed an unrivalled network of dedicated, high-quality local growers…
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We are very proud to announce that our very own David Brind, Kitwave’s Chief Financial Officer, received the award for Best Northern Finance Director of a listed company at the 2022 Northern Finance Director Awards last night at the celebratory gala dinner in Leeds. Over 150 guests attended the awards night, from leading Finance Directors and their teams to business…
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The chief executive of North East wholesale group Kitwave says it is prepared for the pressures of inflation on its business, as the firm hikes up full year expectations. The North Shields company listed on the Stock Exchange last year, realising a 20-year ambition for CEO Paul Young to harness the power of its AIM market profile to drive forward…
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Delivered wholesale business Kitwave is now 35 years old and serves around 39,000 mainly independent customers. Kitwave has opened a new distribution warehouse in Wakefield which will help the business grow its on-trade foodservice offering. In February, the wholesaler acquired M.J. Baker, expanding the group’s activities into the southwest of England. Ben Maxted, COO at Kitwave, tells Wholesale Manager what…
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It’s been one year since the successful admission of Kitwave Group PLC to the AIM market of the London Stock Exchange and wow, what a journey! The Group started with humble beginnings back in 1987, which saw our business founded as a single-site wholesaler specialising in confectionery. Now, in 2022, we’re celebrating one year since going public with a fantastic…
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Kitwave Group plc, the delivered wholesale business, is pleased to announce the opening of a new distribution warehouse in Wakefield. This facility replaces the Group’s previous Wakefield site and will act as the head office for on-trade wholesaler HB Clark. The premises will also allow for integration of the Leeds depot. The site spans 165,000 sq ft, housing a purpose-built…
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