Richard Wellock & Sons Limited

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Richard Wellock & Sons Limited - overview

Established

1961

Location

-, -, UK

Primary Industry

Food

About

Richard Wellock & Sons Limited is a UK-based fresh food distributor specializing in high-quality ingredients for the hospitality industry, serving chefs and restaurateurs across the country. Richard Wellock & Sons Limited was founded in 1961 as a fresh food distributor. The company has not undergone significant pivots or changes in strategy. It is independently operated and is not a subsidiary of any parent company.


Headquartered in the UK, Wellocks was founded by Richard Wellock, who has built a solid reputation in the food distribution sector. Wellocks is a prominent UK fresh food distributor specializing in sourcing and delivering high-quality ingredients to the hospitality industry. Their main product offerings encompass a diverse range of produce, including ambient, chilled, frozen foods, and non-food items, catering primarily to chefs and restaurateurs. The company connects its customers with a network of independent growers and producers, ensuring access to exceptional quality and flavor, from everyday staples to unique, exotic ingredients.


Wellocks primarily serves clients in the UK and has established a significant presence in the high-end restaurant sector, providing an array of products designed to support culinary creativity and excellence. Their commitment to quality is evident through their partnerships with various producers, enhancing the dining experience for end consumers across the country. Wellocks operates on a business-to-business (B2B) model, facilitating transactions primarily through direct sales to restaurants, catering companies, and food service providers. The revenue structure is based on individual orders placed through their online ordering platform, where clients can select from their extensive range of products.


Clients benefit from strong relationships with Wellocks, often establishing recurring orders to maintain their kitchens' ingredient needs. While specific pricing plans and financial details are proprietary, the company's focus on quality ingredients aligns with premium pricing strategies typically associated with gourmet food distribution. Their flagship offerings include an assortment of fresh produce and specialty items that appeal to the high-end culinary market, underlining their role as a vital partner in the gastronomic landscape of the UK.


Primary Industry

Food

Sub Industries

Other Food Products, Food

Website

WELLOCKS.CO.UK

Total Amount Raised

Subscriber access only

Richard Wellock & Sons Limited - timeline of key events

Blurred Background

Want to see the Timeline of Key Events?

Request a demo for full access to this profile.

Richard Wellock & Sons Limited - financials

Fiscal Year EndedOct 31, 2017Oct 31, 2018Apr 27, 2019Apr 25, 2020Apr 24, 2021Apr 30, 2022Apr 29, 2023
Revenue (USD)54,683,000-92,788,00062,138,000---
% Revenue Growth (YoY)-------
EBITDA (USD)4,218,000-4,320,000(236,000)---
Operating Income (USD)3,309,000-2,846,000(1,581,000)---
Operating Margin6.1%-3.1%(2.5%)---
% EBITDA Margin7.7%-4.7%(0.4%)---
NET Income (USD)2,620,000-1,771,000(1,414,000)---
% Net Margin4.8%-1.9%(2.3%)---

Richard Wellock & Sons Limited - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.