Mixed returns for Rayburn Trading

Manchester-based wholesaler Rayburn Trading increased sales from £86 million to £88 million in the year to 31 August 2018. However, pre-tax profit dropped from £4.9 million to £4.4 million.

The turnover figure is split between the UK (£45 million), Europe (£25 million) and the rest of the world (£18 million).

The company, which deals largely in toiletries, household products and confectionery, is run by the Goldman family.

It has a staff of nearly 200 and operates from a 95,000 sq ft warehouse in Cheetham Hill and a 100,000 sq ft storage site in Bury.

The directors stated: “We have performed really well during the year and have seen major improvements in export markets. The UK also held up well. We also benefited from favourable exchange rates.

“We remain competitive on pricing and are always looking to enter into new markets throughout the UK and overseas. We continue to look at countries outside the EU, especially with the uncertainties surrounding Brexit.”

Director of the Unitas Wholesale member Howard Goldman told Cash & Carry Management: “Regarding future trading, we are still looking for new premises to grow the business. General trading is positive.”

Tel: Rayburn Trading 0161-214 1300