The contract catering market has had a rough ride in recent times but that hasn’t stopped the country’s largest independent caterer from growing its business by some £60m in the last 12 months.
Privately-owned Westbury Street Holdings Ltd (WSH) yesterday posted its 2012 financials, revealing that sales rose 14% year-on-year to £465m.
WSH claims that it has now posted growth in all 12 years since it was formed.
Its combined businesses – BaxterStorey, Caterlink, Holroyd Howe, Benugo and Portico – created 1,000 new jobs in 2012, taking the total number of employees to more than 12,000 across the UK and Europe.
WSH, which operates restaurants and front-of-house services for organisations such as the BBC, Goldman Sachs and The British Museum, said that it was able to “buck tough economic conditions” through a succession of contract wins and renewals.
Alastair Storey, chief executive of WSH, said: “2013 looks set to be yet another fragile year for both the UK and European economies, but we have already secured some exciting new contract wins and retentions for this year and are encouraged by the strength of our current pipeline.
“Importantly, the success we have achieved to date allows us our major investment in training and development of our teams which we believe will build towards an even stronger future.”
WSH also said that BaxterStorey, by far the largest brand in its stable, grew its turnover by 9% in England and Wales, 17% in Ireland and 29% in Scotland last year.