Vacherin reports 15 years of continuous growth

London, foodservice, company
Vacherin owners Mark Philpott, Clive Hetherington and Phil Roker
17/04/2018 - 08:00
London foodservice company Vacherin has reported its annual turnover has risen for the 15th consecutive year.

Figures published this week for the year ending 31 August, 2017 show turnover at £19.7m, a rise of almost 15%.

It is the first full year with Phil Roker as managing director, with an associated new structure in place. 

Vacherin says the year has been the best in its 15-year history for new business, with the company gaining eight new contracts, including London Stock Exchange Group, Miller Insurance Services LLP, PSP Investments, Advent International, The Crown Estate, Regent’s University London and two co-working sites for London’s leading flexible office provider Workspace. 

Vacherin has changed its senior management team, with six appointments across operations, HR, accounts and business development.

Clive Hetherington, owner and finance director, says: “Our policy has always been to employ in advance the resources required to manage increased business levels. As a result of this investment in resource our overhead costs increased as a percentage of turnover but other key performance measures such as contract and staff retention, turnover and cash generation remain very strong and overall the financial health of the business is very robust.”

Vacherin is an owner-managed provider of catering and hospitality services to clients in central London.

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