London-based caterer Vacherin grew turnover by 14 per cent last year and says it expects growth gained last year to place the company in a much stronger position to ride out this period of temporary closure.
The independent caterer has published its financial results for its final full-year as an independent company under the stewardship of Mark Philpott, Clive Hetherington and Phil Roker before joining the CH&Co family at the end of February.
The statement says the year ending August 2019 showed “incredibly strong client retention and was further enhanced by the opening of five new contracts contributing an annual turnover value of £4.5million”.
Total turnover for the year fell just short of £30 million, delivering a 14 per cent increase on the previous year and exceeding the predicted turnover by 7.5 per cent, according to the company’s results.
The caterer reports that it continued to invest in its head office support team and in technology, with enhancements to its customer-facing app and in the development of systems to record and reduce food waste.
At a time when all sectors within the hospitality industry are implementing measures to mitigate the devastating financial impact of Covid-19, the company says the “growth experienced last year has placed Vacherin in a much stronger position to manage its sector of the CH&Co business through this period of temporary closure of the majority of its clients’ catering operations".