Search
The Caterer

Delaware North's UK business reports £900,000 pre-tax loss despite turnover growth

09 October 2014 by
Delaware North's UK business reports £900,000 pre-tax loss despite turnover growth

Delaware North Companies UK has reported a pre-tax loss of £914,809 despite annual turnover growth of 21% for the year ended 31 December 2013.

The company reported annual turnover had increased to £55.9m for the period, up from £46.2m the previous year.

Accounts filed at Companies House revealed that while the caterer had achieved a loss for 2013, it was 30% lower than the year before when it filed a pre-tax loss of £1.3m.

Delaware North delivers catering and hospitality at Wembley Stadium under the company name Delaware North Companies (Wembley). The annual turnover for 2013 was £27.7m, up 37.5% from £20.1m year-on-year. Pre-tax loss fell from £824,250 to £279,885.

The division Delaware North Companies (UK) Hospitality Services operates at Arsenal's home ground the Emirates and IPro Stadium, home to Derby County Football Club, and saw its pre-tax loss rise from £204,452 in 2012, to £736,182 last year. Annual turnover was £16m (2012: £15m).

The company's travel business, operating under Delaware North Companies (UK) Travel Hospitality and Retail Services, reported 5.8% growth in annual turnover to £9.5m (2012: £8.9m), while a pre-tax loss of £346,673 in 2012 was pulled back to a marginal pre-tax profit of £8,860.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.