News

London Stadium catering company announces losses

Photo of Sean Whetstone Sean Whetstone | 09:07 18/05/19

US catering company Delaware North accounts have published their financial accounts at companies house this week for 2018 which includes the first full second of their 25 year London Stadium contract.

The subsidiary that runs the London Stadium catering contract on behalf of operator LS185 says that turnover increased by 9.7% from £37m in 2016 to £40.6m in 2018. They reveal a gross profit of £29.7m but after administrative expenses, they reveal net loss for the year is £797,000.

The group turnover for the caterer in the U.K is up by £3.3m to £88.8m for 2018. Gross profit for the group is £65.2 but the recorded loss for the group of £1.9m.

The American-owned company delivers catering and hospitality services at Wembley Stadium and a number of stadia for UK football clubs, including Emirates (Arsenal), Pride Park (Derby County), the Valley (Charlton Athletic) and Craven Cottage (Fulham) London Stadium (West Ham) and the Ricoh Stadium (Coventry)

The US parent company Delaware North Inc has a global turnover of $3.2bn (£2.47bn)

Share this article

Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball,

I am also the associate editor here at Claret and Hugh.

Life Long singer of bubbles! Come on you Irons!

Follow me at @Westhamfootball on twitter

‹ Previous
Next ›

0 comments

  • ANDY B KANIA says:
    May 18, 2019 at 8:14 am

    Just get rid of the Managers in Admin to cut costs , That is always the Problem Overheads

Comments are closed.