MHK-UK pays out record retail bonuses

UK arm of kitchen retailer support organisation MHK, MHK-UK has just paid out record bonuses to its retailer members.

03 Jun, 21

UK arm of kitchen retailer support organisation MHK, MHK-UK has just paid out record bonuses to its retailer members.

MHK UK reports 55% growth in sales for Q1 2021

According to the organisation, a “broad portfolio of furniture, appliance and accessory product ranges at highly competitive trade prices and with open-ended credit terms”, has allowed MHK-UK’s members to benefit from higher sales volumes alongside “favourable” cash-flow situations.

It has seen record-breaking 2020 bonus payouts, from MHK’s suppliers, increase by 40% over 2019 figures.

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Audus Kitchens, with showrooms in St Albans and Wokingham, received a bonus payment in excess of £65,000.

Managing director and Founder of Audus Kitchens Graham Audus commented: “We have only been with MHK-UK since April 2020!

“The business support that we have received from MHK-UK can really only be described as first class.

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“This additional financial contribution will be used for a wide variety of re-investment projects which will assist in making both our offering and business position even stronger.”

UK Sales Manager David Morris said: “The bonuses are very much indicative of the ‘Win – Win’ relationship that exists between MHK-UK and our membership.

“We experience growth and success through helping our network of independent retailers to become more successful.

“However, our combined success is down to far more than excellent product, great margins and credit terms; it’s about the ‘whole package.’

“MHK – UK supports the independent retailer, regardless of how long they have been established, with business advice and planning as well as qualified lead generation – working with our digital services trade partner.

“This level of support is what makes MHK -UK a very different proposition from perceived similar organisations.”

MHK-UK has reported a 55% growth in sales for the first quarter of 2021.