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BAXTERSMITH ON TARGET FOR £16M
12/03/2003


Independent business caterer BaxterSmith has secured four new contracts in the last eight weeks with a total annual turnover of £2m. The company celebrates three years of business at the end of May and is now on track to attain an annual turnover of over £16 million.

It has just been awarded the Medical Research Council's contract at Regent's Park, London, to feed 270 employees. This contract, with a turnover of £300,000, starts in April. The former incumbent was Sodexho.

At the Novartis headquarters in Horsham, West Sussex, BaxterSmith will be feeding 1000 people a day from late March, This contract, with a turnover of £700,00, was also formerly with Sodexho.

BaxterSmith recently began a £400,00 contract to feed 200 people at General Electric Power, Bracknell, Berkshire. The contract was previously held by Compass Group's Baxter & Platts. It has also justd a £600,000 annual contract, previously with Avenance, to provide catering services for 800 employees at John Innes Research Centre in Norwich.

BaxterSmith managing director Mike Smith says:
"We are heading for another tremendous year of achievement. The four new contracts exemplify the quality and variety of our current client portfolio. These businesses care about the wellbeing of their employees and we are delighted that they have entrusted us with the provision of excellent catering services. "

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