JLA Equityco, the umbrella entity which operates a catering equipment supply and servicing arm, has virtually doubled its operating profit for the 12 months ending 31 October 2017.
Figures reached £20.5m, a 90% rise on 2016’s 10.8m. Revenue rose too by 10%, at nearly £117.8m, up from £106.9m in the previous 12 months.
While JLA doesn’t specifically split out its divisions in its financial reporting, chief commercial officer Liam Grant told Catering Insight: “The catering division is going exceptionally well for us – it has been another year of double digit growth fuelled by our Total Care proposition.”
Directors Stephen Baxter and Paul Humphries noted in the report: “Over the last few years the board has developed a very clear strategic vision which is being successfully deployed within the business.
“The strategy will look to continue to grow market share within the existing core business segments, along with identifying opportunities for growth in adjacent markets through both organic product and service development and strategic acquisitions.
“The group will also continue to invest in its sales and service capability in the laundry and catering divisions.”
Just following this financial reporting period, JLA bought warewasher and icemaker manufacturer DC Products (in November 2017), while subsequently in May 2018 JLA itself was bought out by international private equity firm, Cinven.