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CH&CO increases turnover to £286m

Independent caterer and Royal Warrant holder, CH&CO, has reported a 19 per cent increase in annual turnover to £286 million in its annual accounts for the financial year ending 31 December 2018.

The latest results, which are in line with the company’s previous year’s projections, show a £46 million increase in turnover from 2017 to 2018 and an increase in profits to £17.2 million EBITDA, representing six per cent of turnover.

In contrast to previous years, there was no merger and acquisition activity in 2018 but the integration of the 2017 mergers with Harbour & Jones and Concerto Group was completed.

Bill Toner, Chief Executive of CH&CO, commented: “2018 was another strong year for CH&CO and all of the M&A growth of previous years was successfully bedded in. 

“We introduced a simplified Group structure and undertook a complete rebranding to focus on seven core areas – workplaces, destinations, events, livery, venues, education and healthcare – and this was well-received by clients and team members alike.

“The performance of the company continues to be strong and we have a good track record of successfully growing our business through merging with like-minded companies.

Successes for CH&CO in 2019 include the merging of its Scottish business with Stirling-based Inspire Catering, and last month’s acquisition of Gather & Gather and Creativevents from Mitie. The business also welcomed new equity partners, Equistone Partners Europe, who will support CH&CO’s growth ambitions in the foodservice sector.

 

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