Contract caterer Fare of London has announced a 38% year-on-year revenue increase for the 12 months ending in August 2015 on the part of its parent company Principals Catering Consultants Ltd.
The caterer reported a large number of client renewals at the beginning of the year, resulting in a revenue value of £25m for the next five years. Winning new business in 2015 also contributed to Fare of London’s financial success, with the acquisition of a five-year contract with new London events venue Farmers and Fletchers in the City.
This year’s revenue increase follows a 20% year-on-year revenue increase for the company last financial year, ending in August 2014.
Celebration of Forgotten Fare
The success of the company’s 25th anniversary campaign and its Celebration of Forgotten Fare events (which saw over 300 event professionals visit two of Fare of London’s client venues, and sample some of the forgotten food recipes) have also been contributing factors in driving new business for the company’s client venues.
Fare of London’s Managing Director John Durden (above) says: “We’re delighted to have enjoyed such great success this year, particularly as it’s the 25th anniversary of the company. This is testament to the economic upturn as well as the hard work of our staff, who all contributed to the client renewals and contract wins we have achieved this year, as well as their dedication in making our 25th anniversary Forgotten Foods campaign a great success.”
About Fare of London
Fare of London is a quintessentially British caterer within the London market. Established in 1989 as part of Principals Catering Consultants, Fare of London combines top quality hospitality with a commercial sales capability and discreet, professional service. Fare of London provides contracted in-house catering resources for its client venues as well as bespoke sales and marketing and event management services. With 500 employees, Fare of London has its operational headquarters in London and its administrative offices in Beckenham, Kent. Fare of London works with a number of London-based institutions, including the award-winning Royal College of Physicians, Ironmongers’ Hall and The Jerwood Foundation.
For more information click here