10 Dec JJ Food Service announces record profits of £12 million
National wholesaler JJ Food Service has announced sales of £181.64m for the year ended 31 March 2015, with record pre-tax profits of £11.97m up 55% on the previous year.
Managing director Mustafa Kiamil said, “Our increase in profit is down to being able to source high-quality products from the UK and the rest of the world at competitive prices. We have also continued to increase efficiencies and achieve significant cost savings by investing in technology.”
To continue to grow the business and improve service to customers, much of this profit has been re-invested into the business with £10m being spent on two new branches. The first in Newcastle is expected to open in early 2016, whilst the second – a purpose-built branch in Dagenham – is due to open in summer 2016, growing JJ’s estate to 10 sites across the UK.
The company has also continued to invest in technology and renewable energy with £500K due to be spent on solar panels to help power the Enfield and Sidcup branches and further plans to roll the technology out across all branches in the future.
JJ has also continued to invest in its FOODit venture, a software system first developed in 2013 to help independent restaurants to get online and optimise their presence in search engines.
Poised for further growth, the wholesaler has its sights set on further expansion in the year ahead. “We are always on the look out for new branches when suitable properties are available for acquisition”, said Mr Kiamil.