Export success drives Rayburn’s growth
A LEAP in exports boosted sales and profits at Rayburn Trading Company, a family-owned wholesaler of toiletries, cosmetics, confectionery, and household goods.
In the year to the end of August last year, the Manchester company grew sales from £53.4m to £69.1m as profits more than doubled from £413,130 to £1.1m.
Rayburn was founded by trader Benny Goldman in 1948 and is still owned and managed by his family.
The company operates a large wholesale cash and carry facility at its North Street-base, which is used by around 3,000 small retailers.
Rayburn saw strong sales growth into the Eurozone during the period, with revenue increasing from £10.8m to £19.4m.
Sales in the UK rose strongly too, from £41.1m to £46.1m, while exports to the rest of the world more than doubled to £3.49m.
In their report accompanying the accounts Rayburns’ directors declare themselves “extremely pleased” with the performance of the business. They said a tight rein was being kept on costs.
“Controls continue to be put in place with regards to existing overheads, payroll
costs, because we are fully-aware that when currency fluctuations level out, we have to remain very competitive to keep new and existing overseas customers.”
Rayburn, which has 155 staff, saw its highest-paid director receive £2.6m, up from £1.1m in 2008.
