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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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Sodexo reports encouraging growth in first-half Fiscal 2019

Sodexo has published its results for the first half of Fiscal 2019, reporting a slightly better than expected growth in organic revenue at just over three per cent, with growth accelerating in all segments, and in Benefits & Rewards Services. ...

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Another robust year at Wilson Vale

Wilson Vale’s audited year-end results (31 December 2018) show that turnover has increased by 11 per cent in 2018 in line with projections to just under £34 million, with profitability up also. According to the Ashby-based catering firm, a number ...

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Mitie’s order book softens in FY 18/19 but optimism remains for future growth

Mitie has published a pre-close statement on the Group’s expected performance for the fiscal year ending 31 March 2019 (FY 18/19), subject to final audit, ahead of reporting full-year 18/19 results on 6 June 2019. Figures exclude the discontinued operations ...

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Wates reports increased profits and record order book

Family-owned construction, development and property services company, Wates Group, has reported increased profits for the year ending 31 December 2018, with a record order book of £5.4 billion heading into 2019. Turnover for 2018 was within one per cent of ...

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Vacherin reports another year of growth

London-based hospitality specialist, Vacherin, has announced that in its second full year under a new management structure, turnover increased by 33 per cent to £26.2 million, far exceeding the predicted 20 per cent. It has also added eight new contracts to ...

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Interserve results better than expected as deleveraging plan gets underway

Services provider Interserve published a slightly strong set of full year results than expected, for although revenues declined to 10.7 per cent to £2,904.0 million, this compares favourably to 2017 which saw a loss of £244 million; while its operating ...

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2018 marks an ‘inflection point’ for Serco

In its full year results 2018 Serco has announced revenue at constant currency declined 5.6 per cent in the first half of the year, but grew 2.5 per cent in the second half, resulting in a decline for the full ...

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Compass serves up growth in Q1

Compass Group has reported organic revenue for the three months to 31 December 2018 grew by 6.9%. According to the catering and support services firm, this was driven by strong levels of new business wins, continued good retention rates and ...

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