Compass Group PLC
25 September 2001
25 September 2001
COMPASS GROUP PLC
GAINS FURTHER LLOYDS TSB SITES IN £24 MILLION CONTRACT
Compass Group's business and industry subsidiary, Eurest, has strengthened its
working relationship with Lloyds TSB by extending its provision of staff
catering and hospitality from 23 locations to 36 sites in the UK. This major
new three year contract is worth nearly £24 million in total turnover.
The contract extends the relationship between the bank and Compass Group which
started ten years ago. It involves Eurest managing significant new business,
including the Lloyds TSB sites at Bridgend, Newport, Glasgow, Manchester,
Andover and Chatham.
In addition, a major part of the new business won by Eurest will involve
providing food services at Lloyds TSB company Scottish Widows, across three
sites in Edinburgh, including the Company's headquarters building.
Commenting on this new agreement, Mike Goodman, head of facilities management at
Lloyds TSB said, 'Through our ten year relationship, Eurest has developed a
broad understanding of the working environment in the financial services sector.
We wanted a foodservice organisation who could continue to take our catering
services forward and with their track record, Eurest was the natural choice.'
Michael J. Bailey, Chief Executive, Compass Group PLC said, 'This is a
significant win for Eurest as it is an example of the success of the merger with
Sutcliffe, who previously managed the contract. We are delighted at this vote
of confidence from Lloyds TSB and look forward to providing the highest
standards of foodservice across the Group's 22,000 employees.'
Enquiries
Cathi Lawrence, Corporate Communications Director, Compass Group PLC
Telephone: 01932 573 000
Nick Lyon/Wendy Baker, Hudson Sandler Ltd.
Telephone: 020 7796 4133
Notes to Editors
1. Compass Group is the world's largest foodservice company employing over
265,000 people in over 90 countries and with annual revenues in excess of
£8.3bn. Compass Group provides catering for clients including major
employers, educational establishments, hospitals, leisure venues, retail
locations and at major airports and stations throughout USA, Europe, and
developing markets in Asia and South America. It operates through sector-
specific subsidiaries such as Eurest, the world's largest specialist in
providing foodservice to business and industry clients. Further information
on the Group can be found at www.compass-group.com
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