Compass Group has announced today that it has acquired Integrated Cleaning Management Limited from Paul Rafferty and Coral Brodie. For the year ended 31 March 2011, ICM had revenues of £61.0m and gross assets of £16.3m writes Chris Lanchbury.
ICM is one of the UK’s largest independent specialist providers of core cleaning and related services. Established in 1996, ICM’s 8,000 employees work on more than 3,800 client sites, providing a full range of cleaning services for more than 32 million sq. ft. of floorspace every day.
ICM operates across the UK, with a particular focus on the corporate office, hospitality, leisure, hotel and retail sectors. It has built a strong reputation and a high quality client base across all sectors.
Ian Sarson, Managing Director of Compass Group UK & Ireland, said: “We are delighted to have acquired such a highly respected company as ICM. This acquisition strengthens our multi-service capability and enables us to offer high quality cleaning services to more organisations across the UK. It provides us with a robust platform for growth, in line with our strategy to expand our presence in the fast-growing support services market.”
Over the past two years the consolidation of the support services market has gathered pace including the announcement last week of the proposed acquisition of ISS by G4S. Last year Compass Group strengthened their security offering with the acquisition of Infologue.com Top 20 company VSG
Compass Group is a world leading food and support services company, which generated annual revenues of £14.5 billion in the year to 30 September 2010. It operates in around 50 countries, employs over 430,000 people and serves over 4 billion meals every year. The company specialises in providing food and a range of support services across the core sectors of Business & Industry, Defence, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio.