Brookwood Partnership pre-tax profit up 16%

09 September 2014 by
Brookwood Partnership pre-tax profit up 16%

School food specialist the Brookwood Partnership saw a 15.6% rise in pre-tax profit to £1.3m, buoyed in part by the acquisition of Graysons Education last year.

Annual turnover grew to £32.7m for the year ended 31 March 2014 (2013: £25m), of which £7.7m came from Graysons after it was bought in May 2013 as part of Brookwood's growth aspirations.

Administrative expenses grew 59% to £4.2m (2013: £2.6m). James Gambrill, Brookwood's marketing and communications manager, said the increase includes two years of costs for Graysons as well as fees associated with the acquisition.

"In addition, we have also established an office in Huddersfield, with three employees, and invested in information technology in both the Brookwood House office and the Huddersfield office to bring everything into one system," he added. "Following our expansion and in going forward, we have also increased executive grade personnel."

Brookwood has also announced that the name Graysons Education was changed to ABsolutely Catering on 1 September.

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