Research articles

UK catering industry continues to grow with a reported worth of £1bn

UK catering industry continues to grow with a reported worth of £1bn

The catering industry is thriving in the UK, with revenue for the market sitting at £1bn, according to new data from IBISWorld. A specialist in business information and market research, IBISWorld has shown how the market has experienced an annual growth of 1% since 2013 and now has a workforce of over 28,000. In addition

Two pubs a day have ‘disappeared’ since last year’s tax shake-up

Two pubs a day have either been demolished or converted into other types of use such as homes and offices since last April’s tax changes, analysis of official government data shows. In the first revaluation of business properties for seven years, which came into effect on 1st April last year and which determines property tax bills for the next

Largest part of the contract catering market by value revealed

The outsourced business and industry (B&I) catering market will be worth £2.13 billion over the next three years, making it the largest part of the contract catering sector by some distance, it has been predicted. The value of the B&I market, which represents foodservice sales to offices and workplace environments, reached £1.96 billion in 2016

£43k wiped off the value of the average London restaurant this year

The value of a typical restaurant in London has plummeted by more than £43,000 during the past year following a ‘perfect storm’ engulfing the market, it has been claimed. The value of a restaurant in the capital was estimated at £140,000 in 2016, but that figure has now fallen to £97,000, according to online business transfer

Foodservice operators still feeling flummoxed by Brexit

It has been 14 months since Britain voted to leave the EU, but over half of caterers still remain unsure how Brexit is going to affect their business. That’s according to catering equipment supplier Nisbets’ latest quarterly ‘Pulse’ survey of hospitality operators. Some 53% of respondents said they still have no idea what impact Brexit

Restaurant expansion will trigger 3,000 new kitchen projects over next two years

Foodservice operators plan to capitalise on changing shopping habits by opening nearly 3,000 new restaurants and cafes in the two years to the end of 2018, a new report claims. According to property specialist Cushman & Wakefield, cafes and restaurants continue to be the natural high street successors to clothing and white goods stores, which

Brexit weighing heavy on QSRs and full-service operators, report claims

The growth of the UK out of home foodservice market has slowed since the Brexit referendum one year ago, a new report has said. Restaurant visits after the referendum were still growing but at a slower rate that the period before the Brexit vote. Notably, visits to quick-service restaurants (QSR) slipped marginally. The sector registered

Enormous gap in kitchen hygiene standards raises industry concerns

One in five high or medium risk food establishments in the UK fail to meet food hygiene requirements, leading to around 500,000 food poisoning cases a year, it has been claimed. Research from consumer rights group Which? discovered that in 20 local authority areas the chances of someone buying from a food business that isn’t