13th Mar 2012 - 00:00
Abstract
Westbury Street Holdings Ltd (WSH), the parent company for leading catering and hospitality businesses BaxterStorey, Holroyd Howe, Caterlink, benugo and Portico, has posted strong results for 2011, revealing year-on-year organic turnover growth of 12%.
After only 11 years of trading, WSH has a consolidated turnover of more than £406 million.
WSH reported a trading uplift of £44m. Its combined businesses now employ more than 11,000 people across the UK and Europe and all performed strongly in 2011.
Alastair Storey, chief executive of WSH, said: "I am exceptionally proud of the organic growth we have achieved as a company over the last year. We took our first step into the European market with BaxterStorey and we have consistently defied the downturn, setting us further apart from our competition. "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.
"2012 is set to be another challenging year for both the UK and the European economies but there are still many exciting opportunities for all our businesses so we are optimistic and have high expectations for the year ahead. Importantly, the success we have achieved to date allows us to reinvest back into the company and build towards an even stronger future."
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