Lincat is a well-known and established stalwart of the UK catering equipment scene and while it is now part of the US-based Middleby Corporation it continues to fly the flag for UK manufacturing.
That is evident in the breakdown of staff at the company. Out of the 232 employees that worked for Lincat in 2016, some 158 of them (68%) were deployed in production positions.
With a product portfolio that spans everything from combi ovens and cooking equipment to water boilers and hot cupboards, the Lincat brand can be found in kitchens far and wide.
2016 was another excellent year for the business as sales increased by £3m to £39.1m, while operating profit rose by £800,000 to £9.4m.
Gross profit on sales equated to £19.1m at a margin of 48.9%, which was attributable to production time invested in the introduction of new product ranges.
For 2017 the company has a target of 20% growth in EBITDA, which the directors are “confident” of achieving following the expansion of its product range and demand for its equipment.
Although export sales have risen for the business, the UK market continues to deliver the bulk of Lincat’s revenues. Out of the £39m it generated last year, £34m came from the UK market and the remaining £5m from elsewhere in the world.
2016 Vital Statistics
Turnover: £39.06m (+8%)
Operating profit: £9.37m (+9%)
Ownership: The ultimate parent company is The Middleby Corporation, incorporated in the US
Financial year end: 31 December