Catering Insight – February 2018

(Brent) #1

16 CATERING INSIGHT /^ FEBRUARY 2018 /^ http://www.cateringinsight.com


KITC H E N HOUSE REVE NUE / SPECIAL REPORT


I


often get asked about who the
biggest catering equipment
distributors are in the UK, and
it’s a notoriously slippery term to
define. What kinds of companies could
be described as distributors and how
they could be ranked has been, up until
now, more than opaque.
So we at Catering Insight have taken
the issue by the scruff of its neck and
delved into a hopefully definitive top
10 ranking. This is made possible due
to the transparency of British business
practices, namely publicly-available
Companies House financial reports.
This information has allowed us to
detail the current performance of the
biggest catering equipment distributors
in the UK and compare that over the
past few years too.

Scope of analysis
In putting together a report such as
this we have to lay down some ground
rules so that like-for-like is compared.
Therefore, we have concentrated on
kitchen houses only, namely those
companies which supply, maintain or
outfit catering equipment and which
usually have a commercial kitchen
design capability too. These companies
only deal with end users, so equipment
wholesalers etc are not included, as they
would usually be supplying the kitchen
houses themselves.
Furthermore, we have eschewed

earnings will likely further increase
going forward.
One firm crossing the food/non-
food supply divide is Bidfood, which
is a trading division of BFS Group, a
subsidiary of the Bidcorp Group – an
international foodservice group.
The Bidfood Catering Supplies and
Hospitality Design divisions’ results
are also not recorded individually, but
we do know that the overall group’s
revenue for 2016 was £2.5bn, up by
4.2% on 2016’s £2.4bn. 2016’s operating
profit numbered £45.9m.
Another similar outfit is the Brakes
Group. Brakes Catering Equipment is
just one of several foodservice industry
divisions, including Brake France,
Country Choice, Davigel, Fresh Direct,
Freshfayre, M&J Seafood, Menigo
Foodservice, Pauley’s, Wild Harvest and
Woodward Foodservice.
The group’s latest accounts are not
available yet either, as its accounting
period was extended from 31
December 2016 to 30 June 2017, likely
due to its £2.3bn acquisition by the
Sysco Group in July 2016. But in 2015,
Brakes Group’s annual revenue was
nearly £3.3bn, a 6.5% increase from
the previous fiscal year (£3bn). How
much of that is from Brakes Catering
Equipment is pure guesswork though.
And speaking of latest accounts not
being available, our top 10 list would
have featured Gloucester-based Space

CATERING INSIGHT HAS PRODUCED A
MAJOR RESEARCH REPORT INTO THE
CURRENT TOP 10 KITCHEN HOUSES
IN THE UK BY REVENUE, IN THE FIRST
ANALYSIS OF ITS KIND.

KITCHEN HOUSES


HOTTEST


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Whose revenue is
on the up?

any mainly online dealers – there has
to be some kind of full service design
or maintenance capability for us to
feature them. We have included a brief
analysis of some of the leading online
firms, including the giant Nisbets, later
in this feature just for comparison, but
they are not in the main list.
We can only include those
companies where financial information
is available through Companies
House too. So for those dealers within
large multi-national groups, often
the individual division results are
not recorded. For example, the Bunzl
Group doesn’t release financial results
for Lockhart Catering Equipment, but
we can see that the global group posted
a £7.4bn turnover for 2016, with an
operating profit of £409.7m.
Looking in detail, the group
reported its UK revenue was £1.1bn,
15% of overall sales. As Bunzl reports
that the foodservice sector is worth
around 30% of its overall revenue,
we can perhaps discern that its UK
foodservice earnings for 2016 were
around £330m. But this includes other
non-food consumables, including food
packaging, disposable tableware, guest
amenities, cleaning products and safety
items. So the actual catering equipment
sales total is likely to be quite a bit less
than that. And as Lockhart has just
purchased the Aggora Group, overall
catering equipment sector group
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