Number 9 on Catering Insight’s special report into the top 10 UK kitchen houses by turnover is Gratte Brothers Catering Equipment.
The Gratte Brothers Group’s catering equipment division has had a mixed few years judging by its financial results. While turnover peaked at £14.0m during its 2014-15 financial year, the company has been making an operating loss since the 12 months ending 31 March 2013.
For the 2016-2017 figures the operating losses did reduce by nearly 9% from -£75,000 to -£69,000, but the results are somewhat surprising for this well-respected firm.
However, its latest report stated: “The year to 31 March 2017 has been challenging, as expected in view of the global market and uncertain economic conditions.
“The decrease in turnover was in part due to the uncertainty surrounding the June 2016 referendum which resulted in the deferral of orders and phasing on contractual work and the associated impact on the recognition of turnover and profits.”
2017 proved to be a transitional year for Gratte Brothers, with former MD Ian Wolfe retiring and Colin Barden stepping into the role, while Paul Gilhooly was promoted to sales director.
Last year the firm handed over nine Whitbread projects in the space of 5 weeks on time and on budget. A major £155,000 project at The Ritz was also finished on time, including having to unexpectedly demolish an unstable wall.
Furthermore, the company recently renovated its own offices, and invested in 3D modelling software to increase project clash detection. Setting up an online service and maintenance package, its engineer systems are now paperless.