9 April 2019 | Herpreet Kaur Grewal
Caterer Wilson Vale's audited year-end results (31st December 2018) show that turnover increased by 11 per cent last year in line with projections to just under £34 million, as profitability also rose.
Significant retentions and new growth have buoyed up the Ashby de la Zouch-based caterer's success.
Through natural cycles, seven of its clients across 10 locations went to out to tender last year for further extended terms against determined opposition. Wilson Vale retained six of them and is currently awaiting a decision on the final deal.
Six new business gains throughout the year included Herne Hill School, Wilson Vale's first independent school in central London; Kent College, a large independent boarding school in Pembridge, Herefordshire; and Lane End, an award-winning conference centre near High Wycombe in Buckinghamshire.
Andrew Wilson, co-founder of Wilson Vale, said: "It's good to report that our continued investment in our management structure and resources have resulted in a positive set of numbers for 2018.
"Investment on its own, of course, is never enough. Hard work, commitment, innovation, enjoyment and strong determination to maintain the highest level of client service standards go hand in hand with it. Our retentions are undoubtedly as a result of this focus on relationships with our clients."
Wilson Vale's projected annual turnover for 2019 is £35.5 million.