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CH&Co reports 26% leap in annual turnover

CH&Co reports 26% leap in annual turnover

Independent foodservice group CH&Co is ahead of forecast after reporting a 26% leap in turnover to £97m for the 12 months to 31 March 2013.

This includes its share of turnover from the coffee chain Apostrophe in which it has a 50% stake, and is ahead of the forecast of £95m it made in July last year.

The caterer credits its success to a major restructure of the company in 2010 into six individually branded companies, operating CH&Co's umbrella corporate support, which it said has enabled significant growth in key sectors.

It has also been able to benefit from a string of high profile contract wins including Historic Royal Palaces, Thames Water, Virgin Atlantic Airways, Gatwick Airport and the European Bank of Reconstruction and Development.

Chairman Tim Jones (pictured) commented: "Despite a continued challenging economic outlook, CH&Co has delivered significant growth in turnover not just through the fantastic new contract wins we had in 2012, but also through turnover growth within existing contracts.

"It is a real sign that to our clients, quality continues to be a key driver. The market is shifting away from a focus on the cheapest offer to focusing on quality of service and the value operators can deliver.

"The number of new business wins we have seen in the last year is proof that the market is not stagnating, and that exciting new opportunities are on the horizon. We look forward to the coming year which will see CH&Co comfortably break the £100m turnover milestone and to seeing double digit growth continuing to take our turnover towards the predicted £170 million figure by 2017/18 as outlined in our five year plan."

http://www.catererandhotelkeeper.co.uk/Articles/16/7/2012/344460/ch-co-posts-record-turnover-of-77m-for-2011-12.htm" target="_blank" rel="noreferrer">CH&Co posts record turnover of £77m for 2011/12 >>

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