WSH reports 12th year of double digit growth

WSH reports 12th year of double digit growth

Westbury Street Holdings (WSH), the UK's largest independent foodservice operator, saw annual turnover grow by £60m to £465m in 2012 thanks to a string of high profile and lucrative contract wins.

New business with big name brands including the BBC, Goldman Sachs and the British Museum helped the privately owned catering and hospitality company to post double digit growth (14%) for the 12th year in a row.

Chief executive Alastair Storey, who last year knocked Jamie Oliver off the top spot of the Caterer and Hotelkeeper's Top 100 Most Powerful People in Hospitality, said he was "exceptionally proud" of the results in the face of increasingly challenging economic conditions but warned that tough times look likely to continue.

"2013 looks set to be yet another fragile year for both the UK and European economies, but we have already secured some exciting new contract wins and retentions for this year and are encouraged by the strength of our current pipeline," he said.

"Importantly, the success we have achieved to date allows us our major investment in training and development of our teams which we believe will build towards an even stronger future."

BaxterStorey, the company's business and industry caterer and the biggest brand in the WSH stable, grew its turnover by 9% in England and Wales, 17% in Ireland and 29% in Scotland during 2012. Among its wins in this period was a £100m contract win with RBS Group from Compass Group's Restaurant Associates and the retention of significant contracts with the likes of Deutsche Bank and IPC Media.

Benugo, the retail and public venues operator, had a record year, increasing its turnover by 35% and expanding its offer in all sectors with delis opening at Covent Garden, Waterloo Station and Luton Airport. Benugo also secured a £40m contract with the British Museum.

Caterlink, the state education catering specialist, and Holroyd Howe, which caters for the independent education market, experienced year-on-year growth of 18% and 28% respectively. New contract wins in 2012 include Wokingham Borough for Caterlink and the St Paul's School in London for Holroyd Howe.

Benugo wins £40m deal at the British Museum >>

BaxterStorey banks £100m catering contract with RBS >>

Benugo wins £10m Wellcome Collection contract from Peyton & Byrne >>

Alastair Storey takes the top spot in Caterer and Hotelkeeper 100 >>

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