Azure Catering Info

[Big Spliff 0]

Very interesting 26th of foot..........

 

Certainly shows the strength and depth of the Azure set-up.

[Bluedell 5,356]

OK, I have looked into it further and found out the following.

 

Azure has been a loss making company up until 2006. I haven't checked any further forward than that, but it becomes less relevant. Losses incurred to Sept 2006 since they started trading totalled over �£3m.

 

26th of Foot, in 2005 and 2006 Azure's turnover was around �£14m but they made losses of over �£600K in both years.

 

When Azure was set up it was owned 70% by Murray (through Charlotte Ventures) and the other 30% was owned by Caroline Black and Lawrence Morison. In 2004 all shares were sold to Eliance Events Ltd, a joint venture between Elior (51%) and Murray (again through C.V.) (49%).

 

In 2008, Murray sold out his shares to Elior. Elior is a French multinational catering company with no link to Murray as far as I am aware.

[26th of foot 5,859]

Bluedell,

 

The information I posted from memory was based on a piece in the Herald's Financial supplement in 2003. The hook the piece hung on, was Caroline Black's nomination for Business person of the year(Scotland). The Herald quoted �£14million turnover and almost �£3million profit.

[Bluedell 5,356]

Bluedell,

 

The information I posted from memory was based on a piece in the Herald's Financial supplement in 2003. The hook the piece hung on, was Caroline Black's nomination for Business person of the year(Scotland). The Herald quoted �£14million turnover and almost �£3million profit.

 

And you believed the Herald, mate? :admin:

 

I've checked out the information and they definitely didn't make a profit. Probably misinformation to get her a nomination.