Contract catering provider Wilson Vale has grown its turnover to in excess of £30m for the first time in its history.
Audited results for the year to December 2017 reveal the company’s sales grew 20% year-on-year after it added eight major contracts to its portfolio and extended several others.
The company is one of the few medium-sized independent caterers operating within the foodservice sector. It has a portfolio of 95 clients, mainly within the corporate sector, independent education and conferencing, and employs 750 staff.
Co-founder Andrew Wilson (pictured right with co-founder Carolyne Vale) admitted it would be difficult to match last year’s growth in 2018 following such a strong 12 months, although it is still forecasting sales of £33m.
He said: “We believe that the outlook for 2018 is also positive, although we are not expecting the same level of growth as 2017 as all the stars aligned perfectly last year. This year, we will have one-off costs for our new, highly specified 8,000sq ft corporate headquarters in Ashby-de-la-Zouch in Leicestershire. We feel that this investment is the right thing to do for the longer-term strength and reputation of the business.”
Mr Wilson described the risks facing the business in future as “within the wider economy and business confidence generally”.
But he insisted that being privately owned gives the company the flexibility to make sensible long-term decisions for the benefit of a stronger business – and not the short-term equity markets.
“What is important is that we stick to our chosen path of retaining our culture, our focus on food and people, and of course, looking after our clients with complete individual focus,” he commented.
Key contracts already secured this year include a £750,000-a-year deal with Kent College Pembury, The three-year agreement will see it provide catering services to 600 pupils and 200 staff.
It has also secured a catering contract with healthcare specialists and research company, Bionical, in Derbyshire, where it will serve 120 staff.