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Cedabond achieves 37.6% leap turnover compared to last year

13th May 2015 - 09:52
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Cedabond achieves 37.6% leap turnover compared to last year
Abstract
Cedabond, the buying consortium for foodservice equipment in the UK, has reported a number of record breaking achievements in its 2014 chairman’s report.

The company, which now provides access to over 100 catering equipment distributors, has announced a 37.6% leap in turnover compared to last year, with revenue returned to members up a bumper 43%.

While the monthly turnover record was broken twice, the highest monthly turnover by a single supplier hit £600,000, and in a single month four suppliers hit £500,000.

Cedabond membership grew dramatically in 2014, bringing the total number to more than 80 by the end of the year; since when a further increase has seen membership top the 100 mark for the very first time.

Executive director, Phil Martin, said: “2014 was a fantastic year for Cedabond.

“Growth in all areas of the business is further evidence that the Cedabond proposition is gaining traction across all sectors of the industry.”

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Written by
PSC Team