Compass plans move away from cleaning and security to focus on food

7th of June 2018
Compass plans move away from cleaning and security to focus on food

Catering company Compass is planning to move away from providing cleaning and security services to concentrate on its food business. This comes as it suffered falling half year profits, particularly in Europe.

The company promised an "even greater focus" on its food services business, which provides meals to the armed forces, schoolchildren and large events, rather than winning support services contracts.

Currently, support services account for around 15 per cent of the business's revenues - around half of that is in bundled contracts where Compass is providing food and cleaning services, such as in hospitals.

It recently reported its first half results, in which it reported it had missed its earnings expectations because of stagnant revenue and a steep decline in margins in Europe.

Compass lost its long-time chief executive Richard Cousins in a seaplane crash on New Year's Eve. He was seen as the architect of the business's success over the last decade and analysts are now watching performance closely under his successor Dominic Blakemore.

 

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