CH&Co secures £152m in new and retained business in 2018
CH&Co Group has secured more than £152m in new and retained business in 2018 so far.
Almost 50 new clients across the catering company's UK estate accounted for £115m in full term contract value while retained business was worth £37m.
The news comes as CH&Co prepares to file its 2017 financial report at Companies House, which will show that annual turnover at the company has reached £240m with EBITDA of £15.1m or 6%.
Strong operating cash flows have driven an overall net increase in cash of £10.8m across the Group and CH&CO's projected turnover for 2018 is approaching £300m.
CH&Co chief executive Bill Toner described 2017 as a strong year for the business in terms of sales and retention performance. He said the addition of Harbour & Jones and Concerto Group, which joined the wider portfolio last June and December respectively, will enable greater scale and coverage across the UK.
"Our adjusted operating profit for the year at £15.1m or 6% is in line with expectations and industry averages and while we are trading in uncertain times with the general economy and Brexit, our business is in a good position to respond to market changes going forward," said Toner.
"Looking forward, our recent rebranding has positioned us well for more growth and consolidated our expertise in the diverse sectors that we operate in."
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