OUTSOURCING firm Mouchel said yesterday the outlook for its businesses was improving as the UK government starts to farm out work to cut costs.
“The medium and longer term outlook is becoming increasingly positive as the new government’s policies are implemented,” the company said in a statement.
Many support services firms could suffer as the coalition government cuts spending to fight a ballooning national deficit but Mouchel is confident it will gain as local authorities seek to create efficiencies.
Mouchel, which maintains Britain’s highways, said it had won new work in Australia and Abu Dhabi and that it expects to save £25m of costs in the full-year.
The company also said it had appointed David Tilston as finance director, replacing