Lexington reports 11% sales spike for 2014

26 August 2015 by
Lexington reports 11% sales spike for 2014

Lexington Catering saw an 11.2% spike in sales to £36.9m (2013: £33.2m) for the 12 months to 31 December 2014, the year it was acquired by Elior UK.

Pre-tax profit fell by almost a third (27%) from £1.5m to £1.01m, according to documents filed at Companies House, while management support and overheads increased to £3.5m during the period, which the company attributed to continued investment in infrastructure and client support.

The caterer reported no debt or overdraft facilities and said its balance sheet had continued to improve with net current assets now £2.8m, up from £2.3m.

Lexington's strategic report indicated a positive outlook for the business, with ample new business prospects on the horizon.

It said: "In the City there is much construction underway with new buildings being completed along with existing and potential clients on the move providing fresh opportunities for employee feeding, hospitality and also reception services.

"We operate in a vibrant market place and there remain excellent opportunities for further growth."

The directors' remuneration totalled £688,330, up from £652,100, while the highest paid director at Lexington took home £145,197 in 2014, up from £126,500 in the previous financial period.

French-owned contract caterer Elior bought Lexington on 1 October 2014 for an undisclosed sum.

Louise Roberts from Lexington Catering wins Stagiaire Award 2015 >>

Sales up 5.6% at Elior >>

Elior buys Lexington Catering >>

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs >>

Latest video from The Caterer

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Check mark icon
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.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking