Portfolio news

The ECI portfolio has continued to perform strongly during 2016 with exciting news and several key contracts won across the portfolio.

rhubarb secures £90m Royal Albert Hall contract renewal

Congratulations to rhubarb, the premium food experience brand and event caterer, on securing a £90m six year contract renewal with the Royal Albert Hall.

rhubarb has provided hospitality catering services to the Royal Albert Hall since January 2011, nearly doubling the catering turnover despite a similar show count and visitor numbers. The growth has come from the vastly improved quality of food and service delivered by rhubarb across all their restaurants, hospitality and bars at the iconic venue; as well as the integration of modern technologies to increase the speed of service.

rhubarb will continue to operate six venues and 14 bars including Verdi, The Café Bar, Coda Restaurant, Cloudy Bay and Elgar Bar & Grill and to cater to the private boxes within the auditorium. Working alongside the Royal Albert Hall, a new bar concept has been developed with the support of premium drinks brands including Moët & Chandon and Berry Bros. & Rudd.

A new catering vision has been jointly agreed for the future which aims to continue to improve the overall guest experience, as well as revenue growth at the Royal Albert Hall, putting rhubarb in prime position to support the venue’s 150th anniversary celebrations in 2021.  

PB Jacobse, Managing Director at rhubarb comments: “We are delighted to have been awarded a second six-year contract with the Royal Albert Hall. We are very proud of our association with this famed London institution and the contract renewal is a testament to how hard the rhubarb team at the Royal Albert Hall work.”

Kelvin Hughes wins contract with UK Royal Navy and Royal Fleet Auxiliary

Kelvin Hughes won the contract to supply SharpEye™ radars for UK Royal Navy (RN) and Royal Fleet Auxiliary (RFA) ships, submarines and shore facilities. The SharpEye™ radars are to be fitted to more than 60 Royal Navy (RN) and Royal Fleet Auxiliary (RFA) ships, submarines and shore facilities.

Kelvin Hughes’ Chief Executive, Russell Gould, said:

“SharpEye™ systems are currently being deployed by 27 of the world’s navies and this major new project is a further vote of confidence in the superior performance and reliability of Kelvin Hughes SharpEye™ technology.”

Following the launch of its Apprenticeship Academy in 2014, an initiative that built on the company’s sustained record of recruiting apprentices since the 1980s, David Cameron visited the Head Office in Enfield, to address a large group of employees with a speech which included the theme of the importance of apprenticeships in the UK.

Two wins at this year’s BVCA Management Team Awards

Congratulations to both rhubarb, and Citation who were winners in the regional BVCA Management Team Awards for Mid-Market Team of the Year.

PB Jacobse and the rhubarb team were winners of the South East Management Team Awards. Judges commented: “rhubarb has established a premium brand in its market and the management team follows through on the brand promises with great food quality and service. The quality of the business also shows through in staff motivation and retention and in remarkable resilience in the face of adverse events. The rewards are now evident in impressive new customer wins and financial performance.”

Chris Morris and the team at Citation won North West Mid-Market Team of the Year. Judges said: “Chris Morris and his team did an outstanding job transforming this business over a two-year period from their arrival in 2013. The judges were particularly impressed with the cultural transformation, which saw the company reduce staff turnover in their contact centre from 130% to 9% pa and the company apply for and win “Sunday Times 100 best companies to work for”.

Both go through to the National Finals, with the winner to be announced at the BVCA dinner on 8th December. We wish them both the best of luck.

IT Lab lands at number 80 on The Sunday Times Hiscox Tech Track 100

IT Lab was included in the 16th annual Sunday Times Hiscox Tech Track 100 league table this year. Compiled each September, the coveted league table celebrates the British technology industry and the most dynamic and fastest-growing companies within the sector, and has long been acknowledged as the barometer of private company growth.