rentokil initial plc

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rentokil initial plc Company Information

Share RENTOKIL INITIAL PLC

Company Number

05393279

Directors

Andrew Ransom

Linda Yueh

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Shareholders

undisclosed

Group Structure

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Industry

Other business support service activities n.e.c.

 +1

Registered Address

compass house manor royal, crawley, west sussex, RH10 9PY

rentokil initial plc Estimated Valuation

£7.3b

Pomanda estimates the enterprise value of RENTOKIL INITIAL PLC at £7.3b based on a Turnover of £5.4b and 1.36x industry multiple (adjusted for size and gross margin).

rentokil initial plc Estimated Valuation

£10.4b

Pomanda estimates the enterprise value of RENTOKIL INITIAL PLC at £10.4b based on an EBITDA of £1.1b and a 9.44x industry multiple (adjusted for size and gross margin).

rentokil initial plc Estimated Valuation

£8.4b

Pomanda estimates the enterprise value of RENTOKIL INITIAL PLC at £8.4b based on Net Assets of £4.1b and 2.05x industry multiple (adjusted for liquidity).

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Rentokil Initial Plc Overview

Rentokil Initial Plc is a live company located in west sussex, RH10 9PY with a Companies House number of 05393279. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 2005, it's largest shareholder is undisclosed with a 100% stake. Rentokil Initial Plc is a mature, mega sized company, Pomanda has estimated its turnover at £5.4b with high growth in recent years.

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Rentokil Initial Plc Health Check

Pomanda's financial health check has awarded Rentokil Initial Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £5.4b, make it larger than the average company (£3m)

£5.4b - Rentokil Initial Plc

£3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.3%)

24% - Rentokil Initial Plc

7.3% - Industry AVG

production

Production

with a gross margin of 40%, this company has a comparable cost of product (40%)

40% - Rentokil Initial Plc

40% - Industry AVG

profitability

Profitability

an operating margin of 11.6% make it more profitable than the average company (6%)

11.6% - Rentokil Initial Plc

6% - Industry AVG

employees

Employees

with 63551 employees, this is above the industry average (21)

63551 - Rentokil Initial Plc

21 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.1k, the company has an equivalent pay structure (£44.2k)

£40.1k - Rentokil Initial Plc

£44.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £84.6k, this is less efficient (£137.9k)

£84.6k - Rentokil Initial Plc

£137.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 42 days, this is near the average (36 days)

42 days - Rentokil Initial Plc

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 69 days, this is slower than average (36 days)

69 days - Rentokil Initial Plc

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 23 days, this is less than average (36 days)

23 days - Rentokil Initial Plc

36 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 31 weeks, this is average cash available to meet short term requirements (30 weeks)

31 weeks - Rentokil Initial Plc

30 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.2%, this is a higher level of debt than the average (55.3%)

63.2% - Rentokil Initial Plc

55.3% - Industry AVG

RENTOKIL INITIAL PLC financials

EXPORTms excel logo

Rentokil Initial Plc's latest turnover from December 2023 is £5.4 billion and the company has net assets of £4.1 billion. According to their latest financial statements, Rentokil Initial Plc has 63,551 employees and maintains cash reserves of £1.6 billion as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover5,375,000,0003,714,000,0002,956,600,0002,803,300,0002,714,400,0002,472,300,0002,412,300,0002,168,100,0001,759,000,0001,740,800,0001,791,400,0002,226,700,0002,544,300,0002,496,500,0002,530,800,000
Other Income Or Grants
Cost Of Sales3,226,599,9392,229,997,1441,808,965,2901,728,541,3831,666,584,9521,526,324,5831,477,781,3231,312,195,3571,078,889,4441,081,403,7411,105,349,7811,349,606,8931,522,350,5801,456,664,3452,024,640,000
Gross Profit2,148,400,0611,484,002,8561,147,634,7101,074,758,6171,047,815,048945,975,417934,518,677855,904,643680,110,556659,396,259686,050,219877,093,1071,021,949,4201,039,835,655506,160,000
Admin Expenses1,523,400,0611,167,002,856801,134,710780,958,617782,215,048700,475,417642,118,677623,504,643425,498,556457,296,259525,550,219702,993,1071,032,149,420978,335,655386,860,000
Operating Profit625,000,000317,000,000346,500,000293,800,000265,600,000245,500,000292,400,000232,400,000254,612,000202,100,000160,500,000174,100,000-10,200,00061,500,000119,300,000
Interest Payable189,000,00079,000,00033,700,00078,500,00056,800,00055,200,00048,400,00038,800,00049,800,00044,100,00070,500,00057,300,000109,700,000114,700,000120,900,000
Interest Receivable48,000,00049,000,0004,200,0006,200,00010,700,00017,600,00012,300,0009,500,00016,300,0004,500,0001,500,0008,700,00065,100,00063,600,00071,800,000
Pre-Tax Profit493,000,000296,000,000325,100,000229,800,000338,500,000-114,100,000713,600,000208,500,000159,000,000163,200,000112,200,000107,700,000-67,100,00014,500,00065,000,000
Tax-112,000,000-64,000,000-61,900,000-43,500,000-54,700,00015,800,000-30,600,000-40,700,000-34,700,000-37,100,000-28,900,000-34,100,000-34,800,000-16,100,000
Profit After Tax381,000,000232,000,000263,200,000186,300,000283,800,000-98,300,000683,000,000167,800,000124,300,000126,100,00083,300,00073,600,000-67,100,000-20,300,00048,900,000
Dividends Paid74,200,00064,300,00055,500,00048,900,00043,200,00038,600,0008,900,0006,200,0009,600,0002,500,000
Retained Profit381,000,000232,000,000263,200,000186,300,000283,800,000-128,200,000618,700,000112,300,00075,400,000218,300,000-1,100,00041,000,000-73,300,000-29,900,00046,400,000
Employee Costs2,550,000,0001,777,000,0001,404,900,0001,304,900,0001,312,200,0001,191,200,0001,165,900,0001,054,500,000825,100,000786,800,000805,300,0001,020,500,0001,164,000,0001,113,400,0001,165,200,000
Number Of Employees63,55151,47546,03144,58842,93339,48036,03632,15029,79228,06126,99354,24466,47066,36467,515
EBITDA*1,100,000,000711,000,000566,000,000527,100,000570,600,000454,200,000493,300,000476,600,000466,512,000410,200,000384,100,000393,000,000241,500,000329,300,000392,200,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets980,000,000997,000,000876,800,000878,900,000795,300,000830,900,0001,023,400,000719,800,000744,000,000728,800,000642,900,000828,200,000826,600,000695,800,000730,900,000
Intangible Assets7,494,000,0007,752,000,0002,164,300,0001,922,100,0001,673,400,0001,509,100,0001,220,200,000999,600,000818,300,000431,300,000425,000,000452,100,000390,400,000552,100,000668,200,000
Investments & Other350,000,000326,000,00039,700,00064,400,00037,600,000297,300,000292,600,00018,000,00019,300,00015,900,00017,800,000118,500,00023,600,00061,200,00042,100,000
Debtors (Due After 1 year)88,000,000133,000,000150,400,000137,600,000144,800,00010,800,00011,000,00010,800,00011,500,00025,300,00029,600,00026,500,000
Total Fixed Assets8,431,000,0008,706,000,0002,980,000,0002,744,300,0002,468,700,0002,340,000,0002,243,600,0001,719,400,0001,562,300,0001,160,100,0001,067,900,0001,280,300,0001,217,000,0001,247,900,0001,399,100,000
Stock & work in progress207,000,000200,000,000135,700,000131,300,000106,500,000103,200,00084,300,00080,000,00055,700,00058,900,00063,800,00054,000,00049,600,00044,700,00047,300,000
Trade Debtors622,000,000622,000,000526,900,000569,600,000413,000,000395,900,000363,800,000316,100,000270,200,000264,100,000338,200,000376,300,000360,100,000353,900,000376,200,000
Group Debtors
Misc Debtors258,000,000208,000,00087,700,00089,800,00086,000,00067,200,00059,600,00050,400,00079,200,00083,200,00073,400,00060,200,00061,300,000
Cash1,562,000,0002,170,000,000668,400,0001,949,500,0001,169,200,000129,800,000310,100,000160,200,000102,600,000197,100,000143,800,000166,600,00089,900,00093,000,000101,700,000
misc current assets15,000,0001,000,0004,100,000177,800,000200,00022,800,00019,900,000199,900,000110,600,00058,000,000301,100,00015,800,0008,900,0001,800,00015,400,000
total current assets2,697,000,0003,237,000,0001,343,600,0002,838,800,0001,785,300,000741,500,000864,100,000823,400,000598,700,000628,500,000926,100,000695,900,000581,900,000553,600,000601,900,000
total assets11,128,000,00011,943,000,0004,323,600,0005,583,100,0004,254,000,0003,081,500,0003,107,700,0002,542,800,0002,161,000,0001,788,600,0001,994,000,0001,976,200,0001,798,900,0001,801,500,0002,001,000,000
Bank overdraft459,300,0001,591,500,000444,200,0003,800,00018,900,00058,600,00089,700,000
Bank loan944,200,000507,100,00068,000,00077,400,0003,600,000
Trade Creditors 611,000,000610,000,000764,000,000925,000,000332,500,000179,400,000152,300,000119,800,000404,400,00096,500,000136,700,000149,300,000145,800,000121,200,000124,500,000
Group/Directors Accounts
other short term finances1,187,000,0001,397,000,0001,000,0003,500,00046,900,0005,300,00022,300,000332,600,00080,700,00029,100,0003,000,00013,300,000
hp & lease commitments127,000,000135,000,00077,800,00072,700,00072,000,00014,400,0006,900,0005,600,000
other current liabilities654,000,000697,000,00087,500,000110,100,000379,800,000543,700,000488,200,000460,100,000115,600,000419,600,000460,400,000514,100,000507,100,000540,200,000578,000,000
total current liabilities2,579,000,0002,839,000,0001,389,600,0002,702,800,0001,775,400,0001,244,600,000713,800,000679,600,000852,600,000516,100,0001,041,300,000754,800,000710,100,000723,000,000805,500,000
loans6,958,000,0007,890,000,0002,824,100,0002,991,100,0002,440,300,0001,504,600,0002,387,000,0002,558,000,0001,748,400,000995,500,0002,045,000,0002,277,900,0001,946,100,0002,005,800,0002,244,600,000
hp & lease commitments318,000,000325,000,000139,200,000141,800,000144,700,00027,300,00012,000,000
Accruals and Deferred Income110,800,000300,0002,200,000
other liabilities71,000,00090,000,00071,500,00070,400,00057,700,00079,100,00076,000,00013,700,00039,500,00012,600,00013,000,00012,500,00013,400,00012,300,00014,000,000
provisions1,804,000,0001,848,000,000338,600,000335,200,000143,000,000329,400,000380,800,000397,800,000347,200,000327,800,000298,400,000353,600,000372,000,000347,200,000414,200,000
total long term liabilities4,460,000,0005,005,000,0001,669,600,0001,749,700,0001,476,300,0001,004,300,0001,459,900,0001,502,500,0001,096,100,0001,172,300,0001,184,700,0001,348,600,0001,193,000,0001,203,700,0001,345,600,000
total liabilities7,039,000,0007,844,000,0003,059,200,0004,452,500,0003,251,700,0002,248,900,0002,173,700,0002,182,100,0001,948,700,0001,688,400,0002,226,000,0002,103,400,0001,903,100,0001,926,700,0002,151,100,000
net assets4,089,000,0004,099,000,0001,264,400,0001,129,700,0001,001,700,000832,200,000933,700,000360,600,000212,300,000100,200,000-232,100,000-133,900,000-109,700,000-135,700,000-159,400,000
total shareholders funds4,089,000,0004,099,000,0001,264,400,0001,129,700,0001,001,700,000832,200,000933,700,000360,600,000212,300,000100,200,000-232,100,000-133,900,000-109,700,000-135,700,000-159,400,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit625,000,000317,000,000346,500,000293,800,000265,600,000245,500,000292,400,000232,400,000254,612,000202,100,000160,500,000174,100,000-10,200,00061,500,000119,300,000
Depreciation154,000,000148,000,000128,400,000132,300,000206,200,000131,000,000133,900,000188,300,000169,700,000175,700,000188,300,000186,100,000197,100,000207,300,000210,600,000
Amortisation321,000,000246,000,00091,100,000101,000,00098,800,00077,700,00067,000,00055,900,00042,200,00032,400,00035,300,00032,800,00054,600,00060,500,00062,300,000
Tax-112,000,000-64,000,000-61,900,000-43,500,000-54,700,00015,800,000-30,600,000-40,700,000-34,700,000-37,100,000-28,900,000-34,100,000-34,800,000-16,100,000
Stock7,000,00064,300,0004,400,00024,800,0003,300,00018,900,0004,300,00024,300,000-3,200,000-4,900,0009,800,0004,400,0004,900,000-2,600,00047,300,000
Debtors5,000,000285,700,000-29,900,00061,700,000149,000,00035,700,00066,700,00064,300,0003,800,000-91,400,000-67,400,00051,300,000-10,200,000-20,300,000464,000,000
Creditors1,000,000-154,000,000-161,000,000592,500,000153,100,00027,100,00032,500,000-284,600,000307,900,000-40,200,000-12,600,0003,500,00024,600,000-3,300,000124,500,000
Accruals and Deferred Income-43,000,000609,500,000-22,600,000-380,500,000-53,100,00055,500,00028,100,000344,500,000-304,300,000-40,500,000-55,900,0009,200,000-33,100,000-37,800,000578,000,000
Deferred Taxes & Provisions-44,000,0001,509,400,0003,400,000192,200,000-186,400,000-51,400,000-17,000,00050,600,00019,400,00029,400,000-55,200,000-18,400,00024,800,000-67,000,000414,200,000
Cash flow from operations890,000,0002,261,900,000349,400,000801,300,000277,200,000446,600,000435,300,000457,800,000454,212,000418,100,000289,100,000297,500,000263,100,000209,300,000981,500,000
Investing Activities
capital expenditure-200,000,000-6,101,900,000-459,600,000-565,600,000-433,700,000-305,100,000-725,100,000-401,300,000-614,100,000-300,300,000-11,200,000-282,200,000-220,800,000-116,600,000-1,672,000,000
Change in Investments24,000,000286,300,000-24,700,00026,800,000-259,700,0004,700,000274,600,000-1,300,0003,400,000-1,900,000-100,700,00094,900,000-37,600,00019,100,00042,100,000
cash flow from investments-224,000,000-6,388,200,000-434,900,000-592,400,000-174,000,000-309,800,000-999,700,000-400,000,000-617,500,000-298,400,00089,500,000-377,100,000-183,200,000-135,700,000-1,714,100,000
Financing Activities
Bank loans-944,200,000437,100,000439,100,000-9,400,00077,400,000-3,600,0003,600,000
Group/Directors Accounts
Other Short Term Loans -210,000,0001,396,000,000-2,500,000-43,400,00046,900,000-5,300,000-17,000,000-310,300,000332,600,000-80,700,00051,600,00026,100,000-10,300,00013,300,000
Long term loans-932,000,0005,065,900,000-167,000,000550,800,000935,700,000-882,400,000-171,000,000809,600,000752,900,000-1,049,500,000-232,900,000331,800,000-59,700,000-238,800,0002,244,600,000
Hire Purchase and Lease Commitments-15,000,000243,000,0002,500,000-2,200,000175,000,00041,700,000-18,900,00013,300,0005,600,000
other long term liabilities-19,000,00018,500,0001,100,00012,700,000-21,400,0003,100,00062,300,000-25,800,00026,900,000-400,000500,000-900,0001,100,000-1,700,00014,000,000
share issue-391,000,0002,602,600,000-128,500,000-58,300,000-114,300,00026,700,000-45,600,00036,000,00036,700,000114,000,000-97,100,000-65,200,00099,300,00053,600,000-205,800,000
interest-141,000,000-30,000,000-29,500,000-72,300,000-46,100,000-37,600,000-36,100,000-29,300,000-33,500,000-39,600,000-69,000,000-48,600,000-44,600,000-51,100,000-49,100,000
cash flow from financing-1,708,000,0009,296,000,000-323,900,000-556,900,0001,412,900,000-414,700,000-216,800,000557,600,0001,115,600,000-975,500,000-498,100,000278,400,00031,400,000-248,300,0002,017,000,000
cash and cash equivalents
cash-608,000,0001,501,600,000-1,281,100,000780,300,0001,039,400,000-180,300,000149,900,00057,600,000-94,500,00053,300,000-22,800,00076,700,000-3,100,000-8,700,000101,700,000
overdraft-459,300,000-1,132,200,0001,591,500,000-444,200,000440,400,000-15,100,000-39,700,000-31,100,00089,700,000
change in cash-608,000,0001,960,900,000-148,900,000-811,200,0001,039,400,000-180,300,000149,900,00057,600,000-94,500,000497,500,000-463,200,00091,800,00036,600,00022,400,00012,000,000

rentokil initial plc Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Rentokil Initial Plc Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for rentokil initial plc by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mega companies, companies in RH10 area or any other competitors across 12 key performance metrics.

rentokil initial plc Ownership

RENTOKIL INITIAL PLC group structure

Rentokil Initial Plc has 1 subsidiary company.

Ultimate parent company

RENTOKIL INITIAL PLC

05393279

1 subsidiary

RENTOKIL INITIAL PLC Shareholders

undisclosed 100%

rentokil initial plc directors

Rentokil Initial Plc currently has 10 directors. The longest serving directors include Mr Andrew Ransom (May 2008) and Dr Linda Yueh (Nov 2017).

officercountryagestartendrole
Mr Andrew RansomUnited Kingdom61 years May 2008- Director
Dr Linda YuehUnited Kingdom53 years Nov 2017- Director
Mr John PettigrewUnited Kingdom56 years Jan 2018- Director
Mr Richard SolomonsUnited Kingdom63 years Mar 2019- Director
Ms Catherine TurnerEngland61 years Apr 2020- Director
Mr Sarosh MistryEngland55 years Apr 2021- Director
Mr David FrearUnited Kingdom68 years Oct 2022- Director
Ms Sally JohnsonUnited Kingdom51 years Apr 2023- Director
Mr Brian BaldwinUnited Kingdom42 years Oct 2024- Director
Mr Paul Edgecliffe-JohnsonUnited Kingdom53 years Jan 2025- Director

P&L

December 2023

turnover

5.4b

+45%

operating profit

625m

+97%

gross margin

40%

+0.03%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

4.1b

0%

total assets

11.1b

-0.07%

cash

1.6b

-0.28%

net assets

Total assets minus all liabilities

rentokil initial plc company details

company number

05393279

Type

Public limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

96090 - Other personal service activities n.e.c.

incorporation date

March 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

rentokil initial 2005 plc (June 2005)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

compass house manor royal, crawley, west sussex, RH10 9PY

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

rentokil initial plc Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to rentokil initial plc.

rentokil initial plc Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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rentokil initial plc Companies House Filings - See Documents

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