Compass Group
 |
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| Public limited company | |
| Traded as | : |
| Industry | Conglomerate |
| Founded | 1941 |
| Headquarters | Chertsey, Surrey, England, United Kingdom |
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Area served
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Worldwide |
|
Key people
|
Paul S. Walsh (Chairman) Richard Cousins (CEO) |
| Services | Foodservice, facility management, cleaning, service vouchers |
| Revenue | £19.605 billion (2016) |
| £1.409 billion (2016) | |
| £1.002 billion (2016) | |
|
Number of employees
|
500,000 (2016) |
| Website | www |
Compass Group plc is a British multinational contract foodservice, cleaning, property management and support services company headquartered in the Compass House in Chertsey, Surrey. It is the largest contract foodservice company in the world and has operations in over 50 countries. It serves around 4 billion meals a year in locations including offices and factories, schools, universities, hospitals, major sports and cultural venues, mining camps, correctional facilities and offshore oil platforms.
Compass Group is listed on the and is a constituent of the FTSE 100 Index.
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. Bateman Catering and Midland Catering were acquired by Grand Metropolitan in 1967 and 1968 respectively and a management buy-out from Grand Metropolitan followed in 1987 when the Compass Group was formed.
Compass Group was first listed on the in 1988. Eurest, one of the company's US subsidiaries, was launched in the USA in 1996 to provide dining services to local, regional and national companies within the business and industry markets, including employee dining centers, on-site catering, vending, executive dining rooms, and other managed services.
Compass Group purchased Morrison Management Specialists and then 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. It had become the world's biggest catering firm by 2005.
Compass Group then sold its roadside and travel catering businesses for a combined £1.82 billion in April 2006. The transaction included the sale of 43 Moto motorway service areas to Australia's Macquarie Bank for an estimated £600 million. 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.
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Wikipedia