Independent hospitality catering company CH&CO has recorded a 19% increase in turnover last year, in line with the previous year’s projections.
Its annual accounts for the financial year ending 31 December 2018 showed a 19% increase in annual turnover to £286m. EBITDA for the year also increased to £17.2m representing 6% of overall turnover.
The year also saw the integration of the 2017 mergers with Harbour and Jones and Concerto Group completed.
Bill Toner, CEO of CH and CO, said: “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.”
He added: “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.”
The report comes after the company acquired Mitie Catering last month, adding 330 more sites across the UK and Ireland and an additional 3,600 team members to the group.