Independent builders’ merchant Sovini Trade Supplies (STS) reports that it 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 states that it 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 – which include One Vision Housing, Pine Court Housing Association, Sovini Property Services and Sovini Homes – supporting their investment in new homes and communities.
Director Anita Harrison-Carroll said: “We have a great working culture at STS. Our team is small but has 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.”
