Host Management annual turnover up 35%
Independent foodservice firm Host Management achieved a 35% rise in turnover to £20.7m for the 12 months to 31 December 2012.
The company credited an impressive rate of contract retention as well as the positive impact of two acquisitions for the boost in performance.
However operating profit remained flat at £536,000 as a result of Host's decision to reinvest its income in support resources in a bid to improve and enhance service to clients. Underlying earnings (EBITDA) improved from £589,000 to £729,000.
Madeleine Musselwhite (pictured), finance director at Host, commented: "This is an excellent set of results for the team. Our organic growth and retention are both significantly ahead of the industry average.
Host now operates more than 100 sites across the UK and employs 1,000 staff. In the first quarter of 2013 the caterer won a five-year group catering contract for NHS Blood and Transplant worth £5m.
In addition, the company's leisure division has picked up four wins this year with a combined turnover of £4.5m. These include the Oasis Leisure Centre in Swindon, Tunbridge Wells Sports Centre, The White Horse Leisure & Tennis Centre in Abingdon and a renewed contract at Hillingdon Sports & Leisure Complex.
