CH&Co, the caterer that acquired cafe chain Apostrophe outright in April this year, saw an 18% rise in turnover to £111m for the year to 31st March 2014.

Richard Franks, newly appointed managing director of Apostrophe told M&C Report: “It’s a very buoyant business. I would have thought this time next year Apostrophe would be fully incorporated. There are opprotunities within the company to do better sales. We know what the high street can offer and we can grow the business on the high street.”

The group held a 50% stake in the London café group since 2012 to add to its portfolio of brands across the commercial foodservice sector.

It anticipates surpassing its previous forecast of £100m for the coming year and chairman Tim Jones is predicting turnover to reach £170m by 2017/18.

Since acquiring Apostrophe it is looking to review its position on the high street. The group said its integration will help the group reach its growth forecasts for the future.

Group CEO Stuart Lawson said: “These figures demonstrate both the strength of our brands and their customer propositions and also our ability to win and then successfully mobilise large contracts. This is an extremely encouraging indicator for the future. The competitive nature in both B&I and Commercial will always mean we will have an ever-changing portfolio and opportunities to improve our operating model.

“Our strength in part comes from an incredibly strong and diverse team at every level and their commitment to servicing and supporting a first class client portfolio.”