ao link

You are viewing 1 of your 2 articles

To continue reading register for free, or if you’re already a member login

 

Register  Login

London-based caterer Vacherin sees turnover growth of 33%

London-based caterer Vacherin has seen turnover grow by 33% in its second full year under a new management structure.

 

Revenue reached £26.2m in the 12 months from September 2017, exceeding the predicted 20%. The caterer won eight new contracts in the period, providing an annual turnover of more than £2.6m.

 

The caterer said that contract retention allowed operating profits to keep pace with turnover growth, despite an estimated bad debt provision of £105,000 as a result of the collapse of construction giant Carillion, for who Vacherin operated one contract.

 

Vacherin restructured and expanded its senior team in 2016 to prepare for future growth. The changes saw a number of new appointments as well as the move of Mark Philpott from managing director to chairman, and Phil Roker, from commercial director to the managing director role.

 

Roker said: "We are thrilled with these results. The head office appointments we've made have enabled us to remain committed to our clients and core values, while benefiting from consistent growth. Our other key performance measures including contract and staff retention, turnover and cash generation remain extremely robust."

 

Vacherin names Dan Kelly as new deputy managing director|food & operations>>

 

Vacherin's Shane Cooke named winner of the 2019 Acorn Scholarship>>

 

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

People Awards 2024

People Awards 2024

Plant-Based World Expo

Plant-Based World Expo

Social Media Summit 2024

Social Media Summit 2024

Hotel Cateys

Hotel Cateys

Queen's Awards for Enterprise

Jacobs Media 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.

Jacobs Media

Jacobs Media is a company registered in England and Wales, company number 08713328. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.
© 2024 Jacobs Media

We use cookies so we can provide you with the best online experience. By continuing to browse this site you are agreeing to our use of cookies. Click on the banner to find out more.
Cookie Settings