This includes its share of turnover from the coffee chain Apostrophe in which it has a 50% stake, and is ahead of the forecast of £95 million it made in July last year.
The company attributes this success to its extensive restructure and rebrand into six specialist branded businesses -running under CH&Co’s umbrella corporate support- which has enabled significant growth in key sectors.
These include contracts with Historic Royal Palaces, Thames Water, Virgin Atlantic Airways, Gatwick Airport and the European Bank of Reconstruction and Development. In addition to consolidating these new appointments, the company has this year won a number of new contracts and seen renewal of and expansion within existing contracts.
Chairman Tim Jones commented: “We are really pleased with the great financial results the business has delivered this last year. Despite a continued challenging economic outlook, CH&Co has delivered significant growth in turnover not just through the fantastic new contract wins we had in 2012, but also through turnover growth within existing contracts. It is a real sign that to our clients, quality continues to be a key driver. The market is shifting away from a focus on the cheapest offer to focusing on quality of service and the value operators can deliver.”
Jones continued: “The number of new business wins we have seen in the last year is proof thatthe market is not stagnating, and that exciting new opportunities are on the horizon. We look forward to the coming year which will see CH&Co comfortably break the £100m turnover milestone and to seeing double digit growth continuing to take our turnover towards the predicted £170 million figure by 2017/18 as outlined in our five year plan.”