Fare of London announces 38% revenue increase
Foodservice and event catering company Fare of London has announced a 38% revenue increase for the 12 months to August 2015 compared to the previous year.
The caterer reported a large number of client renewals at the beginning of the year, resulting in a revenue value of £25m for the next five years. Annual turnover is now £14.6m, up 3% on the previous year.
Winning new contracts in 2015 also contributed to Fare of London's financial success, with the acquisition of a five-year contract with London events venue Farmers and Fletchers in the City.
This year's revenue increase follows a 20% year-on-year revenue increase for the company for the 12 months to August 2014.
Fare of London's managing director John Durden said: "We're delighted to have enjoyed such great success this year, particularly as it's the 25th anniversary of the company. This is testament to the economic upturn as well as the hard work of our staff, who all contributed to the client renewals and contract wins we have achieved this year, as well as their dedication in making our 25th anniversary Forgotten Foods campaign a great success."
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