Compass Group

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Compass Group plc
Type Public limited company
Traded as LSE: CPG
Industry Support services
Founded 1941
Headquarters Chertsey, Surrey, England, United Kingdom
Area served Worldwide
Key people Sir Roy Gardner (Chairman)
Richard Cousins (Chief Executive)
Services Foodservice, facility management, service vouchers
Revenue Increase £16.905 billion (2012)[1]
Operating income Increase £1.151 billion (2012)[1]
Net income Increase £0.611 billion (2012)[1]
Employees 471,108 (2011)
Website www.compass-group.com

Compass Group plc is a British multinational contract foodservice and support services company headquartered in Chertsey, Surrey, United Kingdom.[2] It is the largest contract foodservice company in the world and has operations in over 50 countries.[3] It serves around 4 billion meals a year in locations including offices and factories, schools, universities, hospitals, major sports and cultural venues, mining camps and offshore oil platforms.[4]

Compass Group is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Contents

History [edit]

Compass Group has its origins in a company which was founded by Jack Bateman in 1941 as Factory Canteens Limited and which subsequently became known as Bateman Catering.[5] Bateman Catering and Midland Catering were acquired by Grand Metropolitan in 1967 and 1968 respectively.[6] A management buy-out from Grand Metropolitan followed in 1987 when the Compass Group was formed.[5] The Company was first listed on the London Stock Exchange in 1988.[5]

In July 2000 the Company merged with Granada plc as part of a planned strategy to separate the media and catering interests of the latter. The two companies demerged in February 2001 to form Compass plc and Granada Media.[5]

In April 2006 Compass sold its roadside and travel catering businesses for a combined £1.82 billion.[5] The transaction included the sale of 43 Moto motorway service areas to Australia's Macquarie Bank for an estimated £600m.[5] Compass's Select Service Partners (SSP) travel concessions business was sold to companies controlled by private equity firm EQT Partners, for an estimated £1.2 billion.[5]

In 2009 the company made further acquisitions including Kimco and Lackmans in the USA, Plural in Germany and several McColls retail site leases in the UK.[1]

Operations [edit]

Compass Group owns the following brands and businesses: All Leisure Hospitality, Bon Appétit Management Company, Canteen Vending, Best Vendors Management, Chartwells, Crothall, DeltaFM, Eurest, Eurest Support Services (ESS), Keith Prowse Corporate Hospitality, Levy Restaurants, Medirest, Morrison Management Specialists, Omega Security Services, Rapport, Restaurant Associates, Scolarest and Vision Security Group (VSG).[7][8]

Compass Group operates several owned brands including Trattoria Pizza, Mondo Subs, (UK & USA) Origin Foods and Spice of Life (UK Hospitals) as well as operating Costa Coffee and Starbucks under license.

Compass Group also operates several owned service systems including Steamplicity, TrimTrax and Core Company.

Major competitors [edit]

Compass Group's major competitors include Aramark and Sodexo.

References [edit]

  1. ^ a b c d "Preliminary Results 2012" (PDF). Retrieved 16 March 2013. 
  2. ^ Compass: Talk to us
  3. ^ Meikle, James (30 July 2009). "Compass bans 69 endangered fish species from its restaurants". The Guardian (UK). Retrieved 27 August 2010. 
  4. ^ "Compass Annual Report 2011" (PDF). Compass Group PLC. Retrieved 8 March 2012. 
  5. ^ a b c d e f g Caterer Search
  6. ^ "Competition Commission Report 1983" (PDF). Retrieved 18 April 2011. 
  7. ^ Compass Group brands[dead link]
  8. ^ Pphibbs (16 February 2011). "Compass Group Australia brands". My.compass-group.com.au. Retrieved 18 April 2011. 

External links [edit]

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