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The Pest Detectives: The Definitive Guide to Rentokil by Rob Gray

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Chapter Five: Life as a PLC

The trans-Atlantic takeover approach set the wheels in motion for a flotation on the London Stock Exchange (LSE). Yet it would be wrong to view the move as an entirely defensive measure. The business was in tremendous shape and growing at pace, which is why it caught the eye as a tasty acquisition target in the first place. Group turnover rose from £6.9m to £8.8m between 1967 and 1968, with net trading profits jumping 17%. There was no need for the company to be swallowed up. Actually, this was the perfect moment to go to the City in search of a massive injection of capital that could fund further expansion.

By the time of the flotation, Rentokil had a network of 44 regional offices across the British Isles. If not ...

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