Industry News

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£90M SLL for Wates Group

Wates Group earns £90M sustainability-linked loan for achieving their ESG objectives. The loan is granted by the Lloyds Bank. The company’s top KPIs include improving social value and creating balanced representation by promoting women’s participation.

TSS Acquisition by G4S

G4S has announced the acquisition of Total Security Services. The company aims to rise higher n the security services industry with this decisive move. Both the companies have long experience in the industry and G4S hopes to come up with stronger and refined services after the acquisition.

New Clinical Waste Containers for Improved Sustainability

Grundon Waste Management is launching new clinical waste containers keeping in mind the need for a sustainable environment. The new containers will be made of recycled plastic instead of virgin plastic which in turn help in reducing the carbon footprint by a considerable amount. The containers will be supplied in 30L and 60L sizes with coloured lids making it easier to categorize the waste.

UK FACILITIES MANAGEMENT MARKET ANALYSIS : CENTRAL GOVERNMENT, LOCAL GOVERNMENT & NHS MARKET ​
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The United Kingdom is one of the largest markets for facility management services in Europe in terms of maturity and sophistication. The market is highly competitive as well, owing to the presence of several organized players and strong presence of top global companies, such as Mitie, ISS, Sodexo, CBRE, JLL among others.

The market has been valued at USD 63.97 billion in 2020 by Mordor Intelligence. Frost & Sullivan estimates the UK FM Industry revenues to be $43 Billion. As per our database the overall FM market in the UK stands at £107.2 billion in TCV. The public sector contributes 59% while the private sector contributes 41%. Among the service types Hard & Soft FM Contributed almost equally at 36% & 35% respectively. The integrated services contributed with 29%. Local government authorities were the lead buyers in the overall stack with 19% of value contribution followed by Central Government and Office both at 14% each.

For details, Read the free  Summary report. 

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