CH&CO reports 19% increase in turnover

CH&CO reports 19% increase in turnover
Bill Toner, chief executive of CH&CO
04/09/2019 - 09:13
CH&CO has announced a 19% increase in annual turnover to £286million for the financial year ending 31 December 2018.

The latest results for CH&CO Catering Group Ltd. show a £46million increase in turnover from 2017 to 2018 and an increase in profits to £17.2million earnings before interest, tax, depreciation and amortization (representing 6% of turnover).  

Bill Toner, chief executive of CH&CO, said: “2018 was another strong year for CH&CO and all of the [merger and acquisition] growth of previous years was successfully bedded in. 

“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.”

Recently CH&CO rebranded to focus on seven core areas including workplaces, destinations, events, livery, venues, education and healthcare.

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

Toner added: “Economic uncertainty, particularly surrounding Brexit, continues to be a challenge for us and many of our clients but we are a resilient company in a resilient industry and I am confident that we can weather any storms that may come our way.

“Of course, 2019 has also been an exciting year for us so far with the merging of our Scottish business with Stirling-based Inspire Catering, and last month’s acquisition of Gather & Gather and Creativevents from Mitie. 

“We’ve also been delighted to welcome our new equity partners, Equistone Partners Europe, who share our vision for the company’s future in foodservice and will support us in our growth ambitions.”

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