OUTSOURCED SERVICE MARKET NEWS AND ANALYSIS
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As The Office Group and Fora amalgamate, what now for the serviced office market?
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Q&A with Steve McGregor, group MD at DMA – why FM must adopt smart tech fast
FINA NCIA L RESU LTS
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Wates Group secures £90 million sustainability linked loan
our Appetite for Action campaign.” On the closure of Covid-19 test centres in England, Haley said: “We are proud of everything our teams achieved to support the government’s response to the pandemic. We are committed that every one of our colleagues and casual workers is treated fairly and recompensed in accordance with their employment rights and are doing all we can to help them secure new work and prepare for their future.” “We are pleased to see our Sodexo Live! business reinvigorated and workplaces welcoming workers back; this is helping us offer our test centre colleagues redeployment opportunities as we strengthen in these areas.” “We remain committed to ensuring that through our operations we have a positive impact on the communities in which we live, work and serve, and will continue to do all we can to support the health and wellbeing of our colleagues.”
Sodexo reports growth with results by Facilitate Team
PHOTOGRAPHY: ISTOCK
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ervice provider Sodexo announced first-half fiscal year 2022 results that indicate a 19% growth in revenues. Organic revenue growth was around 15% and underlying operating profit at a margin close to 5%. Citing several sizeable contract wins over the past six months, Sean Haley, region chair for Sodexo UK & Ireland spoke of sustainability and social value objectives. “We continue in our
commitment to grow responsibly with a defined purpose and over the last six months have made advances in our positive impact on the communities in which we live and work. This includes the publication of our roadmap to net zero and decarbonisation of our business. One area of progress on this is our engagement with industry and political stakeholders to address the urgent issue of tackling food waste through
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ACQ U I S I T I O N
NG BAILEY FINALISES ACQUISITION
Engineering and services provider NG Bailey has finalised its acquisition of Cambridge-based Kershaw Service and Maintenance business to bolster its position in the hard FM sector. Kershaw Service and Maintenance was formerly part of Kershaw Mechanical Services Ltd, a provider of mechanical, electrical and hard FM services that went into administration earlier this year. NG Bailey said the takeover allows it to strengthen its presence in the hard FM field, with a focus on mechanical and electrical services. The acquisition is set to generate over £4 million of additional annual turnover and more than 25 skilled employees from Kershaw’s service team will join NG Bailey. The team will operate within its established facilities service business unit. The Kershaw service and maintenance business has supplied hard FM services across a range of sectors and supported clients with planned, reactive and project services for at least 75 years. David Hurcomb, NG Bailey’s CEO, said: “Bringing the Kershaw service and maintenance business into the NG Bailey fold provides a natural extension to our already successful range of services.” FACI L I TAT EM AG A ZI N E .CO M
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