Lexington Catering sees 26% sales surge in 2013

Lexington Catering sees 26% sales surge in 2013

Lexington Catering saw a sales surge of 25.8% to £33.2m for the year ending 31 December 2013, up from £26.4m in 2012.

Pre-tax net profit for the period rose 29.6% to £1.5m, according to accounts filed at Companies House.

Lexington described 2013 as another "significant year" for the company, which reported that it carries no debt and has not needed any overdraft facilities.

"We have continued to strengthen the balance sheet with a 20% improvement in net current assets to £2.4m," the company said in its documents.

"These indicators continue to show the previously established patterns of a soundly managed business and should instil confidence in our financial security for existing and potential clients and suppliers."

Commenting on the figures chief executive Mike Sunley said: "We are so proud that the Lexington team continues to deliver year on year. The excellent financial results for 2013 are a reflection of another fantastic year in the Lexy story with some amazing industry awards, contract extensions and exciting new clients joining us.

In addition to the company's financial achievements, Lexington was particularly successful on the awards circuit. Sunley picked up the Catey for Foodservice Caterer of the Year 2013, while the company won a further three awards at Caterer and Hotelkeeper's inaugural Foodservice Cateys.

These included Chef of the Year for chef director Rob Kirby; Regional Manager of the Year for Chloe Green; and Business & Industry Caterer of the Year for the company.

Foodservice Cateys 2014 are open for entries >>

Lexington chef wins Londonloves Talent apprentice award >>

Lexington Catering big winner at inaugural Foodservice Cateys >>

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