2022 was another record year for Tufcot. We achieved our highest ever sales figures.
This is a continuation of 2021, which was also a record year for Tufcot, after the two previous, pandemic affected years.
Profit Based Bonus
Every year, every employee receives a bonus in their December pay.
This bonus was implemented back in 2017 with the aim of making everyone work together to make the Company as profitable as possible, with the end goal of a bonus based on the Company’s profitability.
The implementation of this bonus has been pivotal in Tufcot’s continued growth, investments and development over the last five years.
Although 2022 brought numerous challenges (e.g. the Ukraine war, record level energy price increases, extreme weather and raw material price increases), we have managed to hurdle these problems and grow on previous years.
Profit margins may be closer than ever due to overheads, but we wish to maintain our current customers and attract new customers on a regular basis.
As we managed to navigate through the challenges of 2022, this meant that we hit record levels of sales, more than 40% than in 2021.
This allowed our Senior management team to give all our full-time employees a bonus of £1330 which was another record for this bonus.
This bonus, coupled with wage increases in 2022 and other bonuses, meant the total figure for the year was just under £3000 for each employee.
Benefits of The Bonus
As like every other year, we foresee many challenges in 2023.
However we are confident of achieving the levels of service and performance which we did in 2022.
A few 2023 plans are highlighted below:
We wish everyone including our suppliers, customers and employees an excellent and successful 2023.