Hiring among major catering equipment suppliers slowed down last year as the market’s big hitters tightened their belts in the face of rising costs, new research from FEJ has revealed.
Back in 2016, a total of 4,610 people were employed by the 10 largest catering equipment suppliers. The figure last year was, remarkably, almost identical at 4,614.
The net growth of just four people reflects a more conservative approach to recruitment among an equipment supply chain forced to contend with the economic fallout of Britain’s decision to leave the EU.
The data was compiled during research for FEJ’s annual State of the Nation report, which provides a snapshot of market performance based on the latest publicly-available financial accounts from the largest suppliers of heavy duty catering equipment in the UK by annual turnover.
Closer analysis of the numbers uncovers some interesting details about the market’s big players.
Lincat, for instance, emerged as the manufacturer which grew its headcount the most last year, adding 17 extra heads to its wage bill in 2017.
The most productive in terms of revenue generated per head, meanwhile, was Rational. For every member of staff that Rational employed in the UK, it made £892,000 in sales.
In terms of profitability, Foodservice Equipment Marketing (FEM) and Welbilt deserved the plaudits. FEM made operating profits of £92,000 per employee last year, while Welbilt earned £60,000 per employee.
The full State of the Nation report will be published online this week.