The Rentokil Initial and Its Developments as World’s Biggest Pest Control Companies- Rentokil Initial is one of the biggest companies in pest control Industries. Operationally, this company has main office in Crawley, England, United Kingdom. Basically, this company has many branches office in some countries around the world. Maybe, some of us know this company. We sometimes still use the service of the company in managing the pest in our environment. Here is the journey of Rentokil and Development from time to time.
The Founding and Journey of Rentokil
The Journey of Rentokil Initial started in in 1925 when Harold Maxwell-Lefroy founded this company. Basically, Harold Maxwell-Lefroy is the well-known as the entomology professor at Imperial College, London. His knowledge about entomology was influenced by David Sharp. David Sharp also the British prominent entomologist professor with more than 250 published papers, fellow of the Entomological Society of London, and the president of this society in 1887 and 1888.
After finishing his Study in Entomology at King’s College, Cambridge, He began to work in foreign countries to search the knowledge and experiences. After his journey in Barbados and India, he comeback to England. As entomologist expert, Lefron had faced of the infestation wood-boring beetles in Westminster Hall. In respond to this problem, Lefroy and his assistant produced an anti-woodworm fluid called Ento-Kill Fluids (“ento” is Greek word that means insect) to save Westminster Hall from infestation by wood-boring beetles. This formula can solve the problem and the demand of his products had increased at that time.
Harold Maxwell-Lefroy (Founder of Rentokil) and some of publications
After the potential market of pest control company, Later Harold Maxwell-Lefroy build and registred the company in the name of Rentokil Limited, but the first name was “Entokill”. Entokill was objected to by the Board of Trade, and he proposed the alternative name of company, namely “Rentokil”. After his foundation in Rentokill, He was found dead on the 15th of October after experimenting in his laboratory on trying various poison gases to control houseflies.
Furthermore, British Ratin, the pest control company owned by Sophus Berendsen A/S, acquired Rentokil In 1957 and later change the name of company into Rentokil Laboratories Ltd. in 1960. in 1996, Rentokil acquired British Electric Traction Company Limited (BET plc). Later, the name of the company was changed into Rentokil Initial. Until now, the name of Rentokil Initial still be used.
Along with business development from time to time, Rentokil Initial also has expand its business with some acquisition and takeover to the company in the same industry. By the way, Rentokil had acquired J.C. Ehrlich Co, Inc. in 2006, Connaught plc, for £5.6m in 2011, Western Exterminator Company for US$99.6 million in 2012, acquire Terminix for $6.7 billion in 2021 and many more. With this acquisition, Rentokill initial has strengthen its business as in pest Control industry.
To date, along with business development, Rentokil Initial has some popular services in relating to hygine and pest control. these are Rentokil (the world’s leading commercial pest control services provider), Initial (the world’s leading commercial hygiene services provider), and Ambius (the world’s leading commercial provider of plants and scenting). Operationally, Rentokil Initial has some service in the region of North America, Europe, UK & Rest of World, Asia and the Pacific. Overall, this company has operated in 87 countries with 58,600 of people still worked in this company.
Rentokil initial Financial Performance from Time to Time
The business progress of the company basically comes from from Published annual report. The advancement of business performance always positive correlate with the financial performance from to time. The financial data comes from Balance sheet and Income statement of the Rentokil from 2012 to 2022.
Briefly, Balance sheet describe the financial condition of the company in specific time (quarterly and annual). The variables in Balance sheet are Assets, Liabilities, and Equities. Assets is the physical and non-physical properties that company has owned meanwhile liabilities is the obligation of debt of the company that must be paid off. Furthermore, Income statement explain the business performance of the company. In Income statement, we can look the profit or loss of companies in doing the business .
The Balance Sheet of Rentokil Initial
| Years | Non-Current Assets | Current assets | Total Assets | Current liabilities | Non-current liabilities | Total Liabilities |
|---|---|---|---|---|---|---|
| £ million | £ million | £ million | £ million | £ million | £ million | |
| 2022 | 8,683 | 3,239 | 11,922 | 2,845 | 4,979 | 7,824 |
| 2021 | 2,980 | 1,344 | 4,324 | 1,390 | 1,670 | 3,060 |
| 2020 | 2,744.30 | 3,039 | 5,783 | 2,957.90 | 1,749.70 | 4,708 |
| 2019 | 2,468.70 | 1,475 | 3,944 | 1,775.40 | 1,476.30 | 3,252 |
| 2018 | 2,340.00 | 741 | 3,081 | 838.8 | 1,410.10 | 2,249 |
| 2017 | 2,243.60 | 864 | 3,108 | 713.8 | 1,459.90 | 2,174 |
| 2016 | 1,719.40 | 829 | 2,548 | 679.6 | 1,502.50 | 2,182 |
| 2015 | 1,562.10 | 598 | 2,160 | 852.6 | 1,096.10 | 1,949 |
| 2014 | 1,159.90 | 628 | 1,788 | 516.1 | 1,172.30 | 1,688 |
| 2013 | 1,067.90 | 926 | 1,994 | 1,041.30 | 1,184.70 | 2,226 |
| 2012 | 1,251.10 | 695 | 1,946 | 754.8 | 1,341.30 | 2,096 |
| 2011 | 1,217.00 | 581 | 1,798 | 710.1 | 1,193.00 | 1,903 |
| Source : Rentokil Initial Annual Report, 2012-2021 | ||||||
Based on the financial conditions from time to time, the financial condition of Rentokil initial is always getting better and better. In the year of 2012, The Total Assets (current and non-current assets) are in 1.7-billion-pound sterling and total liabilities around 1.9-billion-pound sterling. Overall, in 2012, the value of liabilities has bigger than total assets. It is called in the negative equity. Meanwhile in 2022, the total assets of Rentokil Initial have become 11,922-billion-pound sterling and Total Liabilities around 7,824-billion-pound sterling. Frankly, the condition of Asset has bigger than liabilities.
The Revenue and Profit of Rentokil Initial
| Years | Revenue | Profit |
|---|---|---|
| £ million | £ million | |
| 2022 | 3,714 | 232 |
| 2021 | 2,957 | 263 |
| 2020 | 2,803 | 186 |
| 2019 | 2,714 | 283 |
| 2018 | 2,472 | -98.3 |
| 2017 | 2,412 | 683 |
| 2016 | 2,168 | 167 |
| 2015 | 1,759 | 124 |
| 2014 | 1,741 | 261.5 |
| 2013 | 1,791 | 38.7 |
| 2012 | 2,546 | 53.7 |
| 2011 | 2,544 | -67.0 |
| Source : Annual Report, 2012-2021 | ||
The business performance of Rentokil initial also in relatively stable conditions. Based on the revenue, the highest of revenue happened in 2022 with generating revenue around 3.7 billion Pound sterling and gaining profit around 232-million-pound sterling. From 2011 to 2022, this company suffered negative loss in 2011 and 2018 with value around 67-million-pound sterling and 98.3-million-pound sterling, respectively. The highest profit of Rentokil is in 2017 with value of profit around 683-million-pound sterling.
Bibliography of The Rentokil Initial and Its Developments as World’s Biggest Pest Control Companies
Rentokil Initial. 2023. Annual Report 2012-2022. Accessed via https://www.rentokil-initial.com/investors/annual-reports.aspx on May 9th, 2023.
Wikipedia. 2023. Rentokil Initial. Accessed via https://en.wikipedia.org/wiki/Rentokil_Initial on May 9th, 2023.
Wikipedia. 2023. Harold Maxwell-Lefroy. Accessed via https://en.wikipedia.org/wiki/Harold_Maxwell-Lefroy on May 9th, 2023.
Rentokil Initial. 2023. About Us. Accessed via https://www.rentokil-initial.com/about-us.aspx on May 9th, 2023.