Banker turns cafe boss after buy-out

JWPCreers corporate finance associate, Katy Booth, with former banker, Mike Rogers, who has acquired Time Food Services.

JWPCreers corporate finance associate, Katy Booth, with former banker, Mike Rogers, who has acquired Time Food Services.

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A former banker has gone from pinstripes to pinny after buying a Sheffield catering and cafe business.

Mike Rogers, aged 49, who was a corporate banker at Lloyds TSB from the age of 15, plans to run two Time Cafebars – one in Crystal Peaks Shopping Centre in Sheffield and the other in Mansfield – with his wife and co-director Gillian and daughter Abigail, who has worked in the hospitality industry since leaving Sheffield University four years ago.

Time Food Services was founded in 2009 as O’Briens and changed its name in 2011. It also does outside catering, has more than 20 staff and an £800,000 turnover. The business was sold by Staffordshire businessman Wayne Fenton.

The Rogers are planning to expand and hope to open another cafe in their first year.

Mike, who left Lloyds in 2004, said: “Having worked in banking since I was 15, I decided I wanted to look for new challenges doing something totally different. After leaving Lloyds I was a founding director of the Nonwoven Innovation and Research Institute – a fast growing Leeds University spin-out company, which I continue to work with.

“I have acquired Time Food Services as it will allow my family and I to take advantage of our skills and experience to grow a well-established and highly regarded brand.

“Our shopping centre locations in Sheffield and Mansfield are ideal for high footfall trade and because people often want to treat themselves or meet friends when they go shopping. However, we have found that many regular customers visit Time Cafebar because of the quality of our offer and friendly service and not because they are visiting the centre anyway.

“We’re planning to grow the business by expanding into new outlets and aim to have another one open in our first year’s trading.”

JWPCreers corporate finance partner, Tony Farmer, said: “Time Food Services is an excellent small business. I’m sure that, with his commercial banking background and family input, Mike Rogers will successfully expand this enterprise.”

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