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20 July 2018
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NEW CONTRACTS BOOST TURNOVER FOR CATERER VACHERIN

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Vacherin offers fine dining

17 April 2017 | Marion Donati


Independent contract caterer Vacherin has reported a rise in turnover of almost 15 per cent for the year to 31 August 2017 – and predicts a 20 per cent rise in turnover for 2018.

 

The London business said its turnover was £19.7 million for the period, boosted by eight new contracts with a total annual turnover of more than £5 million. 


The contracts include London Stock Exchange Group, Miller Insurance Services LLP, PSP Investments, Advent International, The Crown Estate, Regent’s University London and two co-working sites for London flexible office provider Workspace.

 

Vacherin said the first full year with Phil Roker as managing director and a new structure had been a great success for the management team. It added that it anticipated a further turnover increase of 20 per cent next year, as many of the new contracts came towards the end of the reported financial year.

 

The company has also made appointments across operations, HR, accounts and business development.

 

Clive Hetherington, owner and finance director, said: “Our policy has always been to employ in advance the resources required to manage increased business levels. As a result of this investment in resource our overhead costs increased as a percentage of turnover but other key performance measures such as contract and staff retention, turnover and cash generation remain very strong and overall the financial health of the business is very robust.”