Wilson Vale’s audited year-end results (31 December 2018) show that turnover has increased by 11 per cent in 2018 in line with projections to just under £34 million, with profitability up also.
According to the Ashby-based catering firm, a number of significant retentions and new growth have buoyed the company’s success.
Seven of Wilson Vale’s clients across 10 locations went to out to tender last year for further extended terms. The business retained six of them and is currently awaiting a decision on the final one.
The six new business gains throughout the year include Herne Hill School, Wilson Vale’s first independent school in Central London; Kent College, a large independent boarding school in Pembridge, and Lane End, an award-winning conference centre near High Wycombe.
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 now has a portfolio of 95 clients, serviced and supported by an operations team of four general managers and 12 area managers, which is a class leading ratio within the contract catering sector.
Year end 2018 shows that Wilson Vale employs 818 people, many of whom have grown with the business and have been developed in-house.
Despite a 10 per cent increase in costs throughout the year due to significant investment in every area of the business, including a new sustainable corporate headquarters and a new HR/Payroll system to support its growth, the independent catering company maintained a healthy ratio to profit growth.
Looking ahead, Wilson expects the trend of careful turnover and profit growth to continue in 2019, but he believes that this is unlikely to be at the same level as 2018.
He said: “We have a strong management team in place that has the capacity to cope comfortably with our expected growth this year. Of course, we are not immune to a potential fall in business confidence, but we are fortunate to partner with strong successful businesses and our focus will remain on supporting them and keeping our food and service standards high.”
Wilson Vale’s projected annual turnover for 2019 is £35.5 million.
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