Profits more than double at Bargain Booze owner Conviviality after trio of acquisitions

She also did not rule out any further acquisitions in the future, saying: “I do not see the momentum slowing at all. However, if the right acquisition came along that we believe would not distract us and be right for our shareholders, we would consider it.”

Conviviality reorganised its depots and introduced a new system of route planning in the last year, which it said had shown “positive results to date”.

It has also continued to invest in its digital service, albeit at a “low level” of investment. Ms Hunter said the service, which currently has more than 4,600 users, would be upgraded in September and October to improve the accuracy of orders between customers and distributors.

Investec analyst Alistair Davies said the results “demonstrate the transformation that has taken place over the last two years, with underlying revenue and profit growth achieved despite the disruption risks posed from integrating two material acquisitions”.

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