C&C sees profits grow in the wake of group consolidation

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C&C believes its latest financial figures show a healthy company.

The C&C Catering Equipment group’s profits have increased by 17.3% in the year ending 30 April 2017, according to the latest publicly accounts available from Companies House.

Profits generated before tax totalled just over £1.3m compared to the previous year’s figures of £1.1m. During the latest accounting period, the group acquired 100% share capital of C&C Catering Engineers, following the creation of C&C Catering Fabrications in the previous financial year.

However, turnover is down from 2016’s high of £15.6m to £12.6m this year. MD Peter Kitchin explained: “The turnover for year ending April 2016 was probably higher than normal due to the two large contracts that we completed in that year. The turnover we have achieved year ending 2017 is lower but on the whole we are more than pleased by the figures we achieved as a group.

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“We now have C&C Catering Engineers Limited in our consolidated accounts as well as C&C Catering Fabrications Limited – those two subsidiaries helped to increase the profit figure and to ensure that we achieved a healthy turnover also.”

He added: “In the market place that we operate we have felt for many years that having a strong set of figures is paramount and what most of our clients look for. They want a company who can deliver great food service facilities, but also a company that is a safe bet. We like to feel we are that company.”

C&C is also in a strong net asset position, with those figures increasing from £1.9m to £2.6m.

Kitchin stated in the directors’ report: “As a group we are highly focused on customer service and take pride in developing long term relationships with all our clients and providing them with a consistently high quality service. To maintain this focus, our key assets are our staff and the systems which we adopt and we have again invested heavily in both during the past year in order to ensure that we are always delivering the best possible service in the most efficient and environmentally friendly way.”

Tags : C&CC&C Catering Equipmentdistributorfinancial results
Clare Nicholls

The author Clare Nicholls

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