Cedabond turnover hits a record high

Buying consortium Cedabond has released details of a number of record-breaking achievements in its 2014 Chairman's Report, just published.

The company, which provides access to more than 60 leading catering equipment distributors, has announced a 37.6% increase in turnover compared with last year, with revenue returned to members at 43%.

With monthly turnover records broken twice, the highest monthly turnover by a single supplier hit £600,000, and in a single month four suppliers hit an impressive £500,000. Also, in just one month Cedabond paid its suppliers over £4,000,000, and in another, one member paid an unprecedented £900,000 through the Cedabond Central Payments System.

The Cedabond membership grew by 10 in 2014, bringing the total number to 80, while 12 new suppliers joined the consortium to provide members with a competitive buying solution.

"2014 was a fantastic year for Cedabond," said executive director, Phil Martin.

"Growth in all areas of the business is further evidence that the Cedabond proposition is gaining traction across all sectors of the industry."