Independent builders merchant Sovini Trade Supplies (STS) has exceeded its financial targets in a record-breaking year for the business.
The Merseyside-based company turned over £5.9m in the last financial year, far surpassing its projected turnover of £5m.
The building supplies store – which has a warehouse in Aintree – almost doubled its anticipated annual profits from £215,000 to £500,000, proving how successful it has been since its inception in 2014.
STS is unlike most businesses of its kind, with all elements of the business, from sourcing and purchasing, to supplying and serving, centred on the desire to do social good.
As part of the philanthropic Sovini Group, capacity generated by STS is reinvested in the group’s non-profit social housing partners, supporting their investment in new homes and communities.
"We have a great working culture at STS, our team are small but have an extensive skill set which has been the driving force behind our financial success."
STS Director Anita Harrison-Carroll
Sovini Group partners include One Vision Housing, Pine Court Housing Association, Sovini Property Services and Sovini Homes.
Director Anita Harrison-Carroll said: “We have a great working culture at STS, our team are small but have an extensive skill set which has been the driving force behind our financial success.
“Every member of our team has contributed hugely to this fantastic achievement, and we aim to increase our turnover to £7.1m in 2016/17 as we win new business and develop existing relationships.
“We have a large array of customers across the North West including W Carroll Group, JC Construction and North Liverpool Construction, and this list will continue to grow as we move into the next financial year.”
For more information about Sovini Trade Supplies, or to make a sales enquiry, please visit www.sovinitradesupplies.co.uk or call 0151 530 1800.
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