CNG Foodservice Equipment is reckoning on an improvement in market conditions delivering a fourth consecutive year of growth for the company.
The Gateshead–based catering equipment distributor said that while it has “faced some challenging times” since the downturn in 2009, its business is continuing to exhibit the sort of numbers that suggest a bright future lies ahead.
Managing director, Clive Groom, says CNG achieved sales growth of 36% during its 2013-14 financial year, and is on track to exceed that this time around.
“We have always built the company on solid foundations across all aspects of the business,” he said. “Although we’ve brought new people into the team, most of our team have been together for many years. It’s the same with our client base, we’ve regularly added new clients but have retained a large percentage of our clients for many years, some for 20 years.”
CNG provides design and supply services for complete kitchen projects and individual item sales across the UK, primarily in the private sector although it does also have a number of public sector clients.
Groom said expansion is now “very much on the agenda” for CNG, as it looks to bring in additional sales and project management resources. “We’ve invested internally and now are able to support more sales and projects managers,” commented Groom, adding the positions could be based anywhere from the central belt in Scotland to London.
CNG has picked up various CEDA awards over recent years, which Groom regards as a boost.
“I believe as an industry that we all work hard, often for too little reward, so to be recognised by your peers for the quality of your work gives the entire team a well deserved boost.
“That said I’m always most proud of CNG’s excellent credit rating and that our suppliers tell us we are amongst the best paying in the industry, it’s another of those solid foundations and as with real foundations it’s ensured the company’s stability and provides the spring board for sustained growth.”