Mevalco records 6% growth in 2024

Mevalco – a leading importer and wholesaler of Spanish fine foods to the hospitality and retail sectors – achieved 6% growth in turnover in 2024, despite tough trading conditions and increased costs associated with import and post-Brexit tariffs and processes. Profits rose by a similar percentage, reports the company.

With turnover now approaching £10 million, Mevalco has returned consistent growth for the past 10 years.  The company now has a strong presence in the fine dining markets as well as in retail, and has created specialist signature ranges, working closely with its unique cohort of suppliers in Spain.

Managing director David Menendez said that 2024 was a tough year for restaurants and hotel groups as the rising cost of living and inflationary pressures affected businesses’ bottom line: “There is no question that 2024 has been a tough year, and 2025 is looking equally challenging with the new national insurance and minimum wage thresholds set to further impact on the hospitality sector.

“However, we have been pleased with the results of 2024 which have been driven by offering value and innovation in our product ranges and investing in our people. We have brought more than 80 new products to market and, through working closely with our valued Spanish suppliers, have looked to help our customers re-energise and refresh their menu offer at affordable prices in order to continue to attract custom.

“By doing so, we have engaged with more businesses and driven growth through volume in the bottom line. Consumers want value and they want quality – both of which we are pleased to supply in abundance.”

Mevalco offers a service that bridges the gap between suppliers and chefs, sourcing and bringing new products and cuts to market, supported by training and workshops to help its customers optimise the opportunity for fresh innovation and inspiration.

From its base in Bristol, it supplies establishments right across the UK and is seeing a growing foothold in retail markets as Spanish produce increases in popularity.