BaxterStorey parent company Westbury Street Holdings sees trade top £400m
Westbury Street Holdings (WSH), the parent company behind BaxterStorey and Benugo, has seen another strong year of growth as trade tops £400m.
Its other businesses, Holroyd Howe, Caterlink and Portico, also contributed to a 12% lift in year-on-year organic turnover for the 12 months to 31 December 2011, taking its consolidated annual turnover to £406m (2010: £362m).
BaxterStorey, the biggest brand in the WSH portfolio, grew its turnover by 7.6% in England, 20% in Ireland and 25% in Scotland in 2011 and counted Goldman Sachs, Network Rail, BlackRock and BBC Salford Quays among its new clients.
The UK's largest independent contract caterer has also expanded its reach into Europe with new operations in France, Belgium, the Netherlands and Norway.
Caterlink, the state education catering specialist, and Holroyd Howe, which caters for the independent education market, also saw excellent year-on-year growth of 27% and 26% respectively.
New contract wins in 2011 included Bedfordshire Schools, Swindon College and City of Westminster College for Caterlink and Shrewsbury School and St Bede's School for Holroyd Howe.
Benugo, WSH's deli and public venues operation, saw its turnover grow by 23%, helped by a string of lucrative and high profile contract wins, including the Science Museum, Westminster Abbey, National Museums of Scotland and the British Museum.
Commenting on the company's successful year, WSH chief executive Alastair Storey (pictured) said it had consistently defied the downturn.
He added: "Our results are proof that by investing in our workforce and our supply chain to deliver fresh, quality, British food, using a more retail-focused approach, we can continue to grow our market share."
Storey said that while he expects 2012 to be another challenging year for both the UK and the European economies, there are still many business opportunities and expectations are high for the year ahead.
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By Janie Manzoori-Stamford
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