Business Finance {Compass Group}
Compass Group Plc
INTRODUCTION
Compass group Plc is a market leader in providing food and a range of selected support services to customers in the workplace, schools and colleges, in hospitals at leisure or in remote environments.
The company has a unique approach to achieve strong sustainable leadership positions in markets that offer potential for profitable growth. It announces that “We bring together the combined strength of a group which operates in 50 countries, with more than 428,000 employees, to deliver the same superior standards of service globally, daily, personally”.
The history of Compass Group in the UK dates back to 1941, when Jack Bateman founded factory canteens to feed British workers supporting the war effort. In 1967, the company was acquired by Grand Metropolitan and the catering business became Compass Services in 1984.
Following a management buyout of Grand Metropolitan 's contract services division in 1987, Compass Group was formed. Compass Group floated on the Stock Exchange a year later. In 1998, the Group became a FTSE 100 company.
In July 2000, Compass Group 's UK business merged with the catering arm of Granada PLC to become the UK & Ireland division of Compass Group - the UK market leader in foodservice and hospitality.
Compass is a world-leading foodservice and support services company:
-Revenue: £1.8bn
-Operating margin: 6.4%
- Operating Profit: £114m
Compass Group, UK annual revenues (in the year to 30 September 2010) employing over 50,000 people.
Part of Compass Group PLC, a world leading foodservice and support services organisation, with annual revenues of around £14.5 billion (in the year to 30 September 2010) and operations in 55 countries world wide. www.compass-group.co.uk This report would be analyse the financial position and performance of the Compass Group Plc for the year ended 30 September 2010 and also looking at the company’s financial strategy .
Compass Group Plc
Part A
Profitability Ratio
INTRODUCTION
Compass group Plc is a market leader in providing food and a range of selected support services to customers in the workplace, schools and colleges, in hospitals at leisure or in remote environments.
The company has a unique approach to achieve strong sustainable leadership positions in markets that offer potential for profitable growth. It announces that “We bring together the combined strength of a group which operates in 50 countries, with more than 428,000 employees, to deliver the same superior standards of service globally, daily, personally”.
The history of Compass Group in the UK dates back to 1941, when Jack Bateman founded factory canteens to feed British workers supporting the war effort. In 1967, the company was acquired by Grand Metropolitan and the catering business became Compass Services in 1984.
Following a management buyout of Grand Metropolitan 's contract services division in 1987, Compass Group was formed. Compass Group floated on the Stock Exchange a year later. In 1998, the Group became a FTSE 100 company.
In July 2000, Compass Group 's UK business merged with the catering arm of Granada PLC to become the UK & Ireland division of Compass Group - the UK market leader in foodservice and hospitality.
Compass is a world-leading foodservice and support services company:
-Revenue: £1.8bn
-Operating margin: 6.4%
- Operating Profit: £114m
Compass Group, UK annual revenues (in the year to 30 September 2010) employing over 50,000 people.
Part of Compass Group PLC, a world leading foodservice and support services organisation, with annual revenues of around £14.5 billion (in the year to 30 September 2010) and operations in 55 countries world wide. www.compass-group.co.uk This report would be analyse the financial position and performance of the Compass Group Plc for the year ended 30 September 2010 and also looking at the company’s financial strategy .
Compass Group Plc
Part A
Profitability Ratio
Bibliography: Berman, K. and Kremer, C. (2007) ‘Pocket Mentor: Understanding Finance: Expert Solutions to Everyday Challenges’, Harvard Business School Press, Boston, US. Bodie, Z Boczko, T. and Davies, T. (2005) ‘Business Accounting and Finance’ 2nd Edit, McGraw-Hill Education, UK. Collier, P.M. (2006) ‘Accounting For Managers: Interpreting Accounting Information for Decision-making’ 2nd Edit, John Wiley 7 Sons Ltd, England. Cox, D Gowthorpe, C. (2005) ‘Financial Accounting for non-specialists’ 2rd Edit, Thomson Learning, London. Millichamp, A.H. (1997) ‘Finance for Non-Financial Managers’ 3rd Edit, Continuum, London. McLaney, E. (2006) ‘Business Finance: Theory and Practice’ 7th Edit, Pearson Education Ltd, England.