Leading positions in five regional businesses.

Investment case

A strong global business with leading positions across three core categories and excellent growth opportunities through differentiated investment and accretive M&A, delivered at pace.

1 – A leader in our chosen markets, generating high returns with good growth opportunities

World’s No. 1 Commercial Pest Control company:

  • Our engine for growth. The leading international pest control brand with unrivalled technical expertise.
  • Fragmented market providing strong M&A opportunity, delivered through in-house capability.

Global leader in Hygiene Services:

  • Market leader in two thirds of our markets. Focus on service to drive share and back office synergies with other categories.
2 – Clear differential management strategy to drive performance and capital allocation
  • Targeted strategies to match each operation’s ability to grow.
  • Increasing focus on Growth and Emerging markets.
  • Capex and M&A investment is focused on strengths and areas of sustainable growth and best returns.
3 – Financially strong
  • Highly cash generative business.
  • Supports balance sheet funding, M&A pipeline and progressive dividend policy.
4 – Experienced and proven management team executing strategy at pace
  • People and values based organisation.
  • Service teams with expertise, training and best tools through strong innovation pipeline.
  • Clear governance framework and commitment to transparent reporting.
5 – Clear plan to deliver mid-single digit revenue growth
  • We understand our customers’ needs for enhanced health and hygiene standards. Delivering high levels of customer service across a large and diverse customer base.
  • Six operational levers for growth focused on retention, upsell and organic sales.
  • Proven city and route density focused M&A strategy.
6 – Further scope for profit growth and margin enhancement
  • Margin enhancement driven by focus on increasing route density through organic and inorganic revenue growth.
  • Low cost support structure through shared back office and efficient administration.
  • Leader in the use of technology and innovation to deliver competitive advantage in our sectors.
Protecting People. Enhancing Lives.
Our medium-term targets 

1 Mid-single digit revenue growth;

2High-single digit profit growth; and

3Strong and sustainable delivery of free cash flow (£110m+ pa).