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Upon a thorough investigation, Rento Associates and the owners decided a catering service targeted on the local corporate campuses had a better short term ROI than opening additional restaurant location. Using the synergy of two different businesses and the underutilized capital and kitchen space provided the opportunity for a low investment, quick market entry and high ROI. Our wide range of publications and industry news articles have been produced with the interest of all our clients in mind. Growth in Britain’s powerhouse services sector slowed to a two-and-a-half year low last month, stoking fears that the recovery is losing momentum.

Markit’s chief economist Chris Williamson said of the result: “Persistent weakness of the manufacturing sector has increasingly spread to the far larger services economy in recent months, hitting transport and other industrial-related services in particular.
To date, the services slowdown has yet to affect upbeat predictions for British growth from economists working in the City and elsewhere.
According to the House of Commons Library, the services sector accounts for 79 per cent of UK economic output and 83 per cent of employment. The new venture is currently 13% of total corporate sales and shows much higher margins than industry averages as a result of utilizing existing capital and human resources.

The views and sentiments expressed may on occasion differ from Investec Wealth & Investment’s research investment view and should not be relied on as investment advice or viewed as relating to decisions taken on behalf of the firm’s clients.

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