The 1990s saw significant corporate changes at Connaught plc, first in 1996 via a management buyout funded by HSBC Private Equity and again in 1998 when the business was floated on the Alternative Investment Market.

[8] By 2004, the business had acquired social housing service providers in Scotland and Wales and had revenues in the region of £300 million and negligible net debt.

[13][14] Connaught was shaken by a series of events triggered by the abrupt departure of its CEO Mark Davies in January 2010 following the sale of his shares valued at £5.5m.

[20] During February 2011, Rentokil Initial acquired the Fumigation & Pest Control, Water Treatment & Hygiene and Fire Safety & Prevention businesses of Santia, formerly Connaught plc, for £5.6m.

[21] The preparation, approval and audit of the financial statements leading up to the administration of Connaught plc were investigated by the Accounting and Actuarial Disciplinary Board.