Bidvest Noonan (UK) Limited Financial Performance 2019-2022

Bidvest Noonan provides facilities and security services to customers in the UK. In the company’s financial year to June 2022, the business performed strongly with revenue growth of 136% year on year. Whilst the company did deliver organic growth, the additional turnover came from three acquisitions completed during the year, Axis, Cordant and Amber.

The Axis acquisition comprises Axis Security, Axis Cleaning, and Acuity, a specialist provider of front of house management services. With 4,000 employees and an impressive portfolio of clients, Axis Group is one of the UK’s marketing-leading facilities services businesses.

Founded in 1957 and employing more than 7,000 people, Cordant Services is made up of three dedicated divisions; Cordant Security, Cordant Cleaning and Cordant Thistle, a specialist and industrial cleaning business. With a total turnover in excess of £170 million, Cordant Services operates across 1,900 client locations throughout the UK in a range of industries.

Amber was established in 2010 and the business has a strong portfolio of clients across the public, corporate, manufacturing, retail, and commercial sectors. It is a specialist industrial cleaning company that offers services ranging from window to carpet cleaning.

For the year to June 2022, Bidvest Noonan generated a turnover of £397.2m, with an operating profit of £18.1m.

Bidvest Noonan (UK) Limited Financial Performance 2018-2021

£m 2019 2020 2021 2022
Turnover  174.9  166.9  168.2  397.2
Operating Profit  6.5  8.2  9.5  18.1
Operating Margin 3.7% 4.9% 5.7% 4.5%

Bidvest Noonan (UK) Limited Turnover by Segment, 2021-2022

£m 2021 2022
Security Services 89.6 223.4
Cleaning and Facility Services 78.6 173.9

Data is sourced from Top 100 UK Facilities Management Company Insight. Contact us to know more.

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