Foodservice buying and marketing group, Caterforce, has announced it is predicting record turnover in excess of £600m by 2021.
The announcement was made by current Caterforce interim Managing Director, Gary Mullineux, at the company’s biennial conference which was held this month at Celtic Manor resort in Wales. The conference was the biggest to date with over 300 delegates attending from the industry.
During the conference it was also revealed that Caterforce, which is one of the biggest foodservice buying and marketing consortiums in the UK, is also forecasting revenue of £537 million for 2019, a like for like increase of 9.1% versus 2017.
The Group has made major investments in its infrastructure over the past two years with over £37 million spent on factors including buildings, transport and technology. Caterforce confirmed that it will continue to invest further over the coming 12 months.
Gary Mullineux, interim Managing Director of Caterforce, said: “As a group it’s been a very successful 12 months and the business is in an extremely healthy position. Each of our seven members has continued to grow, invest its infrastructure and as a group we’ve put a lot of time as well as budget into key areas such as people, technology and locations. All of this alongside the success of our Chefs’ Selections range and newly launched coffee brand, Roast 440, has helped contribute to what we believe will be record turnover by 2021.”