Top Track 250

This Tyne and Wear wholesaler was founded in 1988 by chief executive Paul Young, 62, as a cash-and-carry in North Shields and now has 26 depots across the UK, employing more than 1,000 people. Pricoa Capital and Allstate took a minority stake in the company in 2016, helping to fund acquisitions including Phoenix Fine Foods and the alcohol wholesaler HB Clark. Last year’s hot summer and football World Cup boosted sales, which rose 8% to £367m.

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Company details
Year2019
Rank47
CompanyKitwave Wholesale Group
ActivityFood and drink wholesaler
LocationNorth Shields
Sales £m*367.0
Operating profit £m*10.2
Main shareholders

Paul Young (>50%), Pricoa Capital Group and Allstate Investments (<50%)

Staff972
Founded1987
Websitewww.kitwave.co.uk

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda