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CH&CO increases turnover to £286m

Independent caterer and Royal Warrant holder, CH&CO, has reported a 19 per cent increase in annual turnover to £286 million in its annual accounts for the financial year ending 31 December 2018. The latest results, which are in line with ...

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ISS reports H1 revenue and organic growth

In ISS’ latest financial results revenue increased by 5.0% in H1 and 5.0% in Q2 (Q1 2019: 4.9%), driven by organic growth and positive currency effects, partly offset by negative net impact from acquisitions and divestments of 1.5%. Organic revenue ...

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NG Bailey reveals strong financial performance for 2018/19

NG Bailey has reported a 16 per cent increase in turnover to £556 million, with underlying operating profit also increasing from £13.7 million to £19.4 million for the 12 months ended 1 March 2019. The independent engineering and services group, ...

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Kier post-close update warns of £100m shortfall in turnover

Kier Group has provided an update on net debt, trading and strategic initiatives, following the close of its 2019 financial year. As at 30 June 2019, the Group’s net debt was £167 million. Its average month-end net debt for the 2019 ...

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Sodexo Q3: Organic growth “better than expected”

Sodexo has published its results for the first nine months of Fiscal 2019, reporting organic growth above expectations at 3.5%. On-site Services organic revenue grew +3.2% reflecting continued improvement in North America, at +1.8% for the period, resulting from a first ...

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Interserve owed creditors in excess of £100m

Companies House filings show Interserve owed its creditors in excess of £100 million when it went into administration in March 2019. In total, Interserve owed £55.4 million to its secured creditors and another £50.5 million to its unsecured creditors. The ...

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Mitie makes ‘good progress’ in a challenging market

Facilities Management and professional services company, Mitie, has released its full-year results for the financial year ending 31 March, 2019 (FY18/19). Key financial highlights see an increase in revenue up 9.4% to £2.2 billion (FY 17/18: £2.0 billion) with organic ...

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Orbis Protect reports record financial results

Since the management buy-out of Orbis Protect last year, the national security services provider has posted its strongest ever annual financial results as the business announces new innovations and a growing client list. Turnover for 2018/19 increased by nearly 11 ...

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Construction industry holds auditors accountable for Carillion collapse

The construction industry views the collapse of Carillion as a result of aggressive accounting policies and a close relationship with KPMG. A survey of the supply chain conducted by public sector procurement specialist, Scape Group, finds that 93 per cent ...

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ISS reports strong organic growth in Q1 2019

ISS has seen its revenue increase by 4.9 % in Q1 2019 (Q4 2018: 0.5%), which its reports was mainly due to organic growth, and a marginally positive currency effect, partly offset by negative net impact from acquisitions and divestments ...

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