Outsourcing

Nov- 2023 -

20 November

Compass profits hit £1.89bn amid surging sales

Catering company Compass Group has reported a 26.1% increase in operating profit to £1.89bn for the year ended 30 September 2023. The group also recorded a 21.6% increase in revenues to £31bn compared with the previous year. Its operating margin was also up 60bps to 6.8% year on year. The…

May- 2023 -

10 May

Business

Compass Group HY profits surpass £1bn

The Compass Group has announced that its profits have surpassed £1bn for the six months ended 31 March 2023. This number is up from £744m in the same period last year which is an increase of 41.1%. The company also posted revenues of £15.8bn, an increase of 24.7% on the…

Jul- 2022 -

26 July

Food and Drink

Compass Group raises forecast amid post-pandemic recovery

The Compass Group has increased its FY22 organic revenue growth guidance from 30% to 35%, due to a “significant acceleration” in growth and ongoing recovery of its base business. The announcement comes as the company reported that its revenues for the third quarter ended 30 June 2022 (Q3) were at…

Apr- 2022 -

14 April

Features

Is this the future of food delivery?

While food delivery has risen to become a rival to in-house dining, with brands and restaurants around the UK adopting a delivery service on top of its traditional restaurant setting, Mate Kun, co-founder of Growth Kitchen, believes its potential is not being met. He explains that the inspiration behind the…

Nov- 2021 -

23 November

Catering Companies

Compass Group sees operating profits hit £545m

The Compass Group has announced that its operating profit for the year ending 30 September 2021 increased by 85.4% to £545m from £294m in FY20. The company said this reflects actions taken to “control the controllable”, including resizing the cost base and improved cost control. Meanwhile, the company’s statutory revenue…

Jul- 2020 -

3 July

Comment

The golden rules to follow to safely open your pub, bar or restaurant on 4 July

By now, I suspect the initial jubilation felt by most in the hospitality industries at the prospect of reopening may have receded into a growing sense of panic as to how to do so safely. The Government’s announcement last week that pubs, bars and restaurants can reopen on 4 July…

Apr- 2020 -

22 April

Business Bites

Will there be coronavirus help for small company directors who are paid by dividend?

The financial plight of limited company directors has been raised by the Tory chairman of the Treasury select committee. Mel Stride, a former Treasury minister, said chancellor Rishi Sunak needs to view company directors as a tranche of people who have ‘slipped through the net’ of all the other largesse…

Mar- 2020 -

26 March

Comment

Marketing Matters: Covid-19 all in this together

It seems like madness to carry on writing an ‘agony aunt’ column with the unprecedented changes in the industry at the moment. The idea that my answer to a marketing question will have any relevance at all is quite bizarre. Instead, I’d like to take some time to consider the…

Nov- 2018 -

8 November

Business

Sodexo’s profits fall by 9.9%

Food services and facilities management group Sodexo has posted a 9.9% drop in its group net profit to €651m (£566m) for the year ending 31 August 2018. Its operating profit also took a hit with a 16.1% decrease to €997m (£867m) and its organic growth was recorded at 1.6%, a…

Aug- 2018 -

13 August

Advice

Equity funding: Getting your F&B business investor ready

Private equity firms are continuing to invest heavily in the F&B sector as consumer passion for health and wellness helps fuel the drive. With competition high among investors, there’s an increasing appetite for earlier stage F&B businesses; the sector’s shift towards outsourcing has also helped to de-risk F&B business in…