Compass Group

Compass Group

Compass Group plc

Type	Public
Traded as	LSE: CPG
Key people	Dominic Blakemore (CEO)
Industry	Foodservice
Revenue	(2020)
Operating income	(2020)
Net income	(2020)
Employees	600,000 (2020)
Website	[www.compass-group.com Official website]

Compass Group plc is a multinational foodservice company headquartered in Chertsey, Surrey, England. It is one of the largest foodservice companies in the world, operating in over 45 countries and employing approximately 600,000 people.

History

Compass Group was founded in 1941 by Jack Bateman as Factory Canteens Limited. It initially provided food services to factories and industrial sites in the United Kingdom. Over the years, the company expanded its operations and diversified its services to include catering for schools, hospitals, sports venues, and corporate offices.

In 1987, the company changed its name to Compass Group and went public on the London Stock Exchange under the ticker symbol "CPG". Since then, Compass Group has grown through a series of acquisitions, expanding its presence globally and becoming a leader in the foodservice industry.

Services and Operations

Compass Group offers a wide range of food and support services to various sectors, including business and industry, education, healthcare, sports and leisure, and defense. The company provides catering, vending, cleaning, and facility management services to its clients.

The company operates under various brands, including Chartwells, Eurest, Levy, Morrison, and Restaurant Associates, among others. These brands cater to different segments of the market and offer specialized services tailored to the specific needs of their clients.

Financial Performance

In 2020, Compass Group reported a revenue of £25.2 billion, with an operating income of £1.6 billion and a net income of £1.1 billion. The company's strong financial performance is a result of its global presence, diversified service offerings, and focus on operational efficiency.

Sustainability Initiatives

Compass Group is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote responsible business practices. The company aims to minimize food waste, reduce greenhouse gas emissions, and source sustainable ingredients for its food offerings.

Compass Group has also launched programs to support local communities and improve the well-being of its employees. These initiatives include providing nutritious meals to schools, supporting local farmers, and promoting diversity and inclusion within the organization.

External links

• Official website