Benugo, the deli cafe and public space restaurant operator, increased its turnover by 31 per cent during the first half of the year with owner Westbury Street Holdings (WSH) predicting to make £450m by the end of the year, a £44m rise on last year.
Benugo, founded by Ben and Hugo Warner, merged with BaxterStorey owner WSH in 1997 and has built up a strong presence as a restaurant operator within visitor attractions since.
Earlier this year it won a £40m contract to operate three restaurants at the British Museum and has also just opened a new flagship operation at Waterloo Station, joining its six other Cafe & Deli operations, its 13 other museum contracts and eight restaurants.
Its new contract wins are part of the reason that it's owner, which is also the parent company of Holroyd Howe, Caterlink and Portico, says it has achieved growth of 12 per cent and has employed an extra 500 staff across the company.
BaxterStorey, WSH's corporate caterer brand and the largest within its estate, grew its turnover by five per cent in England, 15 per cent in Ireland and 26 per cent in Scotland between January and June.
The business gained contracts with a number of corporates, such as RBS Group, British American Tobacco and Scottish Power and is currently feeding 20,000 of the world’s media at the London 2012 Olympic and Paralympic Games.
Alastair Storey, chief executive of WSH, said: “As we announce our half year results, my thanks go out to our incredibly talented team of staff. WSH is built on a firm foundation to deliver outstanding customer service and fantastic food made from the freshest, locally sourced ingredients. This commitment to quality and buying British has helped us to continue our impressive track record of organic growth and win more new business in the past six months than ever before.”
“Our results are proof that by investing in our workforce and supply chain standards it is possible to defy the economic downturn. We look forward to building on our market share even further in the second half of this year, outperforming our competitors and creating an even stronger and brighter future for our family of restaurant and hospitality brands.”