Barnsley-based Wolf Laundry, which supplies commercial laundry and warewashing equipment across the UK, has revealed an impressive year of financial results including a 204 percent profit increase.
It delivered another year of revenue growth in its last financial year ending 31 December, with turnover growing to £7.2m, up 64 percent from £4.4m the previous year. EBIT increased to £1.4m from £460,000 in 2020.
Wolf Laundry attributes its success to its strong supply chain partnerships with Schulthess, a leading Swiss washing technology group, and leading manufacturer of commercial and industrial dryers, American Dryer Corporation (ADC).
In addition it has invested in talent acquisition, strengthening its workforce with a further 13 members of staff, and extending the reach of its manufacturer trained engineers to cover the whole of the UK.
Following another successful year, Wolf Laundry has ambitious plans for 2022 including amalgamating its Barnsley and Wakefield offices and investing in a brand new purpose-built office in Barnsley with a 20,000 sq foot warehouse facility, which opened on Monday 28 March. This has enabled Wolf Laundry to further expand its range of products including washing machines, tumble dryers and warewashing equipment. Through its exclusive partnership with Schulthess, Wolf Laundry is its sole UK stockist, supplying, installing and maintaining a full range of its machines from 7kg to 18kg.
To further support its growth plans, Wolf Laundry is also investing in marketing to dovetail with its sales strategy and has appointed Leeds-based independent creative design agency ACD&B. ACD&B will deliver an integrated communications strategy covering branding, marketing collateral, website development, PR and SEO.
Dan Riley, Wolf Laundry’s joint Managing Director, said: “Our investment in strengthening the team and focusing on establishing and harnessing strong supply chain partnerships with high quality, innovative manufacturers Schulthess and ADC, has resulted in a strong financial performance. This in turn was boosted by our loyal customer base who are at the heart of the business.
“We have ambitious plans and aim to continue to deliver a complete commercial laundry solution that is focused on our customer’s needs. To support our strategy, we have moved to new, larger premises to give us the space to expand our range, and we will make further big investments in 2022, training staff, and collaborating with ACD&B to evolve our brand and align our marketing efforts with the wider business.”
