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Catering company Wilson Vale sees record turnover

Catering company Wilson Vale has announced record turnover for the year ending 31 December 2017, rising £5.3m compared with the previous year.

The company also confirmed pre-tax profits rose from £2m to £2.4m during the same period.

The company won several new contracts over the last financial year, and currently has contracts with fashion brands such as Jack Wills, along with educational establishments such as the University of Leicester.

The business is forecast to see a turnover of £33m for the current financial year.

A statement by Wilson Vale said: “Our performance in 2017 has been very positive from many perspectives. Financially, we have exceeded our expectations for the year in every area and have maintained industry leading standards of client retention.

“Our consistent and careful approach is clearly working and we are pleased to report a very positive set of results for 2017. Our costs have been controlled well and in line with our growth and we closed the year with an excellent cash balance.

The firm said while its outlook for 2018 is positive, it does not expect the same level of growth as 2017, because “all the stars aligned perfectly last year”.

“This year, we will have one off costs for our new corporate headquarters but we feel that this investment is the right thing to do for the longer-term strength and reputation of the business.”

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