What do we know about the company ?

What do we know about the company ?

-Name: Compass Group

-Adresse:

Compass group PLC Registered Office:

-Compass Housse

-Guildford Street

-Chertsey

-Surrey

-KT16 9BQ

-UK

-Tel:  +44(0) 1932 573 000

-Fax: +44(0) 19323 569 956

Website: www.compass-group.com

-Company identifier: CPG

-Employees: 388160

-Fiscal year end: September

-Exchange: Stock Exchange (LON) and is a member of FTSE 100

-Major Industry: Food & Beverages

-Revenues: £11 ?440 Million (2008)

-Operating Income : £659 Million (2008)

-Net Income 450 Million (2008)

History

The business 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. A management buy-out from Grand Metropolitan followed in 1987 when the Compass group was formed. The Company was first listed on the London Stock Exchange in 1988.

In July 2000 the Company merged with Granada but then demerged again in February 2001.

Officers: Sir Gardner (Chairman since 2006)

               Richard Cousins (Group Chief Executive since 2006)

Type of work²:

Compass Group is the word’s largest and leading catering & foodservice company. Serving four billion meals a year in 55 countries goods from coffee and biscuits to banquets at Wimbledon and the Oscars. Its business is divided into three geographic divisions, the United Kindom, North America and Continental Europe. Brands include Caffe Ritazza, Upper Crust, au bon pain, Harry Ramsden’s, Burger King, Pizza Hut, Krispy Kreme, amigo and Simply Food.

The Compass Group owns the following brands and businesses: Erest, Bon Appétit Management Company, Restaurant Assciates, Morrison, Scolarest, Eurest Support Service (ESS), Crothall, Levy Restaurants, Canteen Vending, Medirest, Chartwells, and Keith Prowse Corporate Hospitality.

The company offers its services in multiple sectors and includes Busness and Industry sector; Education; Heath; defence and offshore sectors.

Subsidiaries

Eurest Support Service Algeria, a subsidiary of group provide top international and local clients in the construction and oil & gas industries with the country’s leading catering and support services on remote sites. Some of the services they provide include:

-Catering

-Camp accommodation management

-Grounds keeping

-General Camp maintenance

-Housekeeping

-Pest Control

-Waste management

There is much more that I need to add to this section, which will be done tomorrow.

Compass Corruption scandals

The Compass Group was involved in a corruption scandal with its subsidiary Eurest Support Services winning contracts to provide food to United Nation peacekeepers in Liberia. The value of Compass’s food contracts with the United Nation is valued at$237 million, with renewals and add-ons that could reach $351 million.

The UN procurement officer and the head of the UN committee for Administrative and Budgetary issues were arrested and indicted after talking close to $1 million in bribes from Compass. Peter Harris, the head of the UK & Ireland Middle East and Africa division of Compass, and two other employees involved with the Un contracting were removed.

Eurest Support Services (ESS) first came to wide public light after being embroiled in the multibillion-dollar United Nations procurement scandal. ESS used a broker company to get United Nations procurement contracts with the use of corruption of the U.N.

Official Alexander Yakovlev (UN procurement). It was also investigated by the Congress of the United States House of Representatives Committee on Oversight and Government Reform for its role in contracting arrangements in providing dining services to the US Army in Iraq as subcontractor to Halliburton subsidiary subsidiary KBR.

To be continued…..