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Vacherin reports 20% rise in turnover

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Vacherin reports 20% rise in turnover
Written by:

Contract caterer Vacherin has hailed its most successful year to date, having posted a 20% rise in turnover to £13.8m.

Its profit before tax was £638,462 for the year, which includes the 12 months to 31 August 2014.

In the period the company retained 100% of its contracts, despite 56% of them being re-tendered. It also added contract wins worth £1.6m.

During the year managing director Mark Philpott and finance director Clive Hetherington were paid £300,000 in dividends, while commercial director Phil Roker received £65,854.

Hetherington said: “We are experiencing a significantly increased level of new business in our market sector which appears to be particularly buoyant at the present time.

“We are confident that the growth achieved in the first quarter will be exceeded as the year progresses, reflecting what we perceive to be increased confidence in the general economic climate in the capital and leading to another successful year for Vacherin.”

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