Food and drink wholesaler JW Filshill delivered “robust” financial results last year, despite rising costs and a “highly competitive and challenging” market, the company said.
For the year to 31 January 2026, turnover at Filshill, which supplies KeyStore convenience stores and independent retailers across Scotland and the north of England, was flat at £213m.
Operating profit declined by 18% to £4.1m due to increases in employers’ National Insurance contributions and the minimum wage.
However, pre-tax profit jumped by 72% to £8.4m due to the revaluation of its investment properties, following its relocation from its former headquarters at Ainslie Avenue, Hillington, in 2023.
“We have continued to deliver against our clearly defined corporate strategy and ambitions and drive efficiency throughout our operation,” said JW Filshill chief financial and operating officer Keith Geddes.
“This improved efficiency is more essential than ever given the increase in costs driven mainly by changes to fuel, living wage and employers’ National Insurance costs. The directors are pleased with the company performance and are confident that profits will continue at a satisfactory level going forward.”
He added: “The long-term success of the company is central to everything we do. We invest heavily in long-term return projects to protect future revenue streams. This includes constantly updating our technology, equipment, and vehicle fleet on an ongoing basis – an approach that has resulted in greater efficiencies and customer satisfaction.”
The wholesaler has recently made a string of appointments and promotions. Last week, Scott Sutherland was promoted to the role of regional development manager in the north of Scotland and Jodi Hendry was made customer services manager.
Earlier this year, Matthew Howie was appointed as business development manager. He joined Filshill from Morrisons where he headed up the Morrisons Daily franchise operation across Scotland.
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