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Tag Archives: financials

Compass produces strong set of results

Global caterer, Compass Group, has reported an 18 per cent rise in profits as published in its full year results for the year ended 30 September 2017. Revenue also grew by 15 per cent to £22.6 billion from £19.9 billion the ...

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Revenues rise but profits drop at Mitie

In its half-yearly financial report for the six months ended 30 September 2017, outsourcing firm Mitie has reported a 3.9 per cent growth in adjusted revenue from £923.7 million to £959.7 million. Adjusted operating profit also rose by 5. 8 ...

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Third profit warning and expected breach of covenants for Carillion

Outsourcing and construction firm, Carillion saw the company’s share prices take a massive tumble on Friday (17 November) following the issue of a third profit warning and the likelihood it is to breach its financial covenants at the end of this ...

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Polyteck Group reports record growth

Independent construction and facilities management company, Polyteck Group, has reported a 32 per cent rise in revenue to £23.8 million for the 12 months to 31 December 2016 – the highest since its inception in 2005. The company attributes its ...

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Interserve issues another profit warning

Interserve has issued its second profit warning in the space of two months which shows a slow down in trading in the third quarter from that reported in the first half. The international support services and construction group is now ...

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Robertson Group announces record year of trading

In its audited accounts to March 2017, Robertson Group has reported it has delivered a record year of turnover as well as its strongest ever forward order book, totalling £2.3 billion. With continued and sustainable growth across its 21 diverse ...

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New frameworks and FM contracts aid Kier full-year results

Kier Group has reported its full-year results to 30 June 2017 are in line with expectations, supported by the performance of Kier Workplace Services (KWS). The property, residential, construction and services business, announced revenues were up five per cent at ...

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Mitie’s transformation plan will see job losses and possible sale of Property Management business

Mitie has revealed plans to reduce headcount by the end of the current financial year, and is currently looking at the sale of its Property Management business. The outsourcing company announced its intentions as part of the Group’s wide-cost transformation ...

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City FM Holdings sees its profits grow

City Facilities Management Holdings has reported a 33 per cent increase in group turnover to £617 million. The company’s results show a £154 million increase from 2015, which includes a 40 per cent increase in turnover from City’s facilities management ...

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Norse rakes in cleaning deals worth £¾ million

Norse Commercial Services’ cleaning division has generated close to £750,000 in renewed and new business contracts in the first four months of its new financial year. Norse has won major new educational establishment cleaning agreements, jointly worth around £560,000 with ...

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