Foodservice equipment buying consortium Cedabond has announced best ever results in its annual report, surpassing last year’s record-breaking performance.

According to the 2015 Chairman’s Report, Cedabond enjoyed a bumper 25% increase in turnover compared to 37.6% last year.

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On the back of a total revenue of £52m, revenue returned to members was also up by 18.61%.

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Membership is also growing, with 30 newcomers in 2015, and 10 new suppliers on board.

While the consortium’s admin team has expanded into new office space at the Wyboston Lakes Complex in Bedfordshire, members are said to be benefiting from initiatives such as the new interactive website.

“During 2015 we continued to enhance the Cedabond operation, making further savings and creating an improved day-to-day operation,” said Cedabond chairman and executive director Phil Martin.

“As a team we have improved our offering to both members and suppliers. We have made changes to the financial model and will be making further advances in 2016 that will make reporting easier all round, leading to another solid year of growth and continued success.”