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Tag Archives: business

West Midlands-based FM firm on track for record year

Following a record period of new business, Diamond Facilities Support is on track to record another year of growth. This year the company, which is headquartered in Birmingham, has added 18 new clients to its books covering multiple sectors and ...

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Sodexo reports strong business growth in Fiscal 2023

Sodexo’s Full Year Group Results for Fiscal 2023 report a “strong performance” which was above guidance and progressively updated during the year. Organic revenue growth at +11.6%, compared to revised guidance of close to +11%; Underlying operating profit margin at ...

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Mitie reports Q1 revenue growth

Mitie has got off to a “good start” in Q1 FY24 with double digit revenue growth. In the FM provider’s latest trading update for the three-month period ended 30 June 2023 (Q1 FY24), Group revenue grew by 11.4% to £1,053m ...

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GRAHAM sees revenue growth exceed £1bn

In its latest published accounts for the financial year (up to 31st March 2023), GRAHAM has reported a “strong performance” which has seen the national contractor and developer surpass the £1 billion turnover milestone. Following the successful delivery of major ...

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Mitie full year results show a record year and continued strategic progress

Mitie has reported record revenues of £4,055m in its full year results for the 12 month period ending 31 March 2023, with wins, renewals, acquisitions and inflationary contract re-pricing more than offsetting contracts that were not renewed. It also revealed ...

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Pareto FM announces eighth year of consecutive growth

The facilities and engineering services provider has reported a rise in its annual turnover for the eighth consecutive year. Figures published this week by Pareto for the year ending September 2022, show a 75 per cent growth in organic turnover ...

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Another acquisition in the bag for Edison Group

Ayrshire-headquartered construction, property and investment business, Edison Group, continues with its recent spate of business acquisitions, this time snapping up Livingston-based Maplewood Joinery and Construction, an all-trades commercial and residential property operator which undertakes home extensions, garages, driveways and tarmacadam resurfacing ...

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Mitie reports ‘encouraging performance’ in FY23 trading update

Mitie Group has provided a trading update for the year ended 31 March 2023 (FY23) which reports group revenue is expected to be slightly above the prior year (FY22: £3,997 million), having successfully replaced all short-term Covid-related contract revenue (FY22: ...

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Sodexo reports solid half-year results and unveils plans to separate two business units

Sodexo’s results for first half Fiscal 2023 show consolidated revenues were at 12.1 billion euros, up +17.8% year-on-year, including a net contribution from acquisitions and disposals of -1.3% and a positive currency impact of +5.7%. Excluding these elements, organic revenue ...

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Wates Group achieves highest ever turnover at £1.89bn

Wates Group has reported a profit of £33.7m on its highest ever turnover of £1.89bn, up 17 per cent on last year. The family-owned development, construction and property services company secured £2.8bn of new work during 2022 with a record ...

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