In 2013, we launched our Sustainability plan that sets out a range of exacting and stretching targets based on achieving specific outcomes. The plan is our response to mounting environmental issues, social challenges and economic pressures that are rapidly changing the business landscape and redefining what is required for companies to be successful.
We continue to extend our reach and capabilities both in the Middle East and the UK with acquisitions of oil and gas services companies - The Oman Construction Company (TOCO) and Adyard in the UAE. While in the UK, we buy Paragon, a specialist refurbishment and re-fit company to serve the London market.
Expanding our Middle East footprint once again, we acquire UAE-based Topaz Oil and Gas Ltd. The company, provides oil field maintenance, fabrication and construction services across the Middle East, and now operates under the Adyard brand.
Also in 2013 we form a unique partnership with Groundwork, the national environmental regeneration charity that makes use of surplus equipment and construction materials for community projects across the UK.
The company makes its largest ever acquisition in early 2014, buying Initial Facilities from Rentokil Initial Plc group for £250 million. In March, our shareholders approve the deal to buy the business which has operations in the UK, Ireland and Spain, adding more than 25,000 new employees to Interserve.
After nine years as Interserve chairman, Lord Blackwell steps down in early 2016 and is replaced by Glyn Barker who remains in that position today.
After 17 years at Interserve as Chief Executive, Adrian Ringrose leaves the business in August 2017 to pursue the next phase of his career.
Debbie White joins Interserve as Chief Executive in September 2017 after spending 13 years at Sodexo where, most recently, she served as Chief Executive Officer of Global Healthcare and Global Government, leading its business in Justice, Defence and Government Services and Healthcare globally.
To put our growth into context, in 2000 we had £1.2 billion revenue, generating £23.7 million profit and employed 10,000 people. Today, we employ over 75,000 across the world, and in 2018 reported gross revenue of £3.7 billion. So what’s next for Interserve? The best is yet to come...