Turnover at food and drink wholesaler JW Filshill increased by 7.3% to £155 million in the last year.
The Glasgow company’s results for the year ending January 31 showed consistent gross profit of 8.3%.
It supplies 185 KeyStore convenience stores across Scotland and the north of England, has customers including the Scottish Prison Service and CalMac and supplies craft beer, spirits and other grocery products to international markets with a focus on Asia-Pacific.
Finance director Keith Geddes admitted Brexit had created uncertainty for the business.
But he added: “We believe that we have taken the necessary steps to minimise the associated risks and take advantage of the corresponding opportunities.
“The living wage, pension regulation and fuel prices continue to drive up our cost base. However, we continue to focus on offsetting these increases through a constant drive in improving operational efficiency and maximising our use of technology and data.”
JW Filshill, which was established in 1875 and is a fifth-generation family business, recently announced plans to relocate from Hillington to a new, purpose-built distribution centre at Westway Park, near Glasgow Airport.
Filshill’s balance sheet showed net current assets of £10.3 million, up from £9.8 million last year.
Managing director Simon Hannah said strong partnership-based relationships with suppliers was a key strategy.
He added: “We’re in a strong position given current market conditions and while we continue to measure revenue, gross margin and operating profit as key financial indicators, we also monitor non-financial KPIs including staff performance, vehicle fuel performance, sales service levels/range achievements, unanswered telesales call, returned orders and early warning date codes as part of our business performance review.”