Revenue surges to £4bn for outsource giant Mitie thanks to new contract wins June 9, 2022 Outsource company Mitie recorded a 58 per cent revenue boost of £2.5bn thanks new contract wins, as well as good growth at Interserve Facilities Management.
Mitie snaps up telecoms tower design house P2ML amid competition probe April 1, 2022 Mitie has snapped up a telecoms tower design house for £2.1m. It has acquired P2ML, which provides construction and maintenance services for cellular telecoms infrastructure. The strategic outsourcing firm is being probed by the competition watchdog for its reported relationship with US company PAE, in trying to get contracts for immigration removal centres (IRC). The [...]
Competition watchdog ‘raids’ Mitie Group’s London HQ over immigration centre contract investigation March 30, 2022 The Competition and Markets Authority (CMA) ‘raided’ the offices of outsource company Mitie, over concerns about alleged anti-competitive behaviour. The firm’s London premises were reportedly looked according to the Guardian, regarding its reported relationship with US company PAE, in trying to get contracts for immigration removal centres (IRC). This comes after the CMA launched an [...]
Boardroom shuffle: Mitie ushers in BT executive and former government adviser March 29, 2022 British outsourcing giant Mitie has undergone a boardroom shuffle, ushering in a BT executive and former special adviser to health secretary Sajid Javid. Stepping onto the board at the beginning of April, Chet Patel and Salma Shah join as non-executive directors. Patel, who will maintain his role as BT’s chief commercial officer and managing director [...]
Mitie offloads document management business in £40m deal August 23, 2021 Mitie today said it has agreed to sell its document management business to Swiss Post Solutions (SPS) for £40m. Mitie Document Management pulled in revenue of £48m and earnings before interest, tax, depreciation and amortisation of £4.2m in the year to the end of March. The FTSE outsourcing group, which operates cleaning and security for [...]
Mitie doubles first quarter revenue on back of Interserve acquisition July 27, 2021 Outsourcer Mitie today said that it had doubled its first quarter revenue as the firm’s acquisition of rival Interserve’s facilities management business paid instant dividends. The FTSE 250 firm said that revenue rose to £930m in the first quarter, up 104 per cent on the £455m that it booked in the same period last year. [...]
Mitie renews £365m deal to run Covid-19 testing facilities June 28, 2021 Outsourcer Mitie has today had its contract to run NHS coronavirus testing facilities extended by a year, in a deal that could be worth £1m a day. It will continue to provide cleaning, waste management and security services at 175 testing sites and 105 mobile testing units across England, Wales, and Scotland. The deal can [...]
Outsourcer Mitie snaps up £650m defence contract June 14, 2021 Outsourcer Mitie has today won a £646m contract to deliver building and maintenance services for the Ministry of Defence’s (MoD) sites across Scotland and Northern Ireland. The seven-year contract covers 4,400 buildings over 91 sites, including both historic buildings such as Edinburgh Castle and active military bases. The MoD will have the option of extending [...]
Mitie: Covid and hybrid work prompted a makeover for cleaning tech – a mop and bucket won’t cut it May 26, 2021 The pandemic has given society the breathing space to redesign what a workplace should offer and in the age of the invisible virus, the humble mop and bucket won’t cut it. After a socially starved year, offices will likely become more collaborative and social in the future, adopting measures like ‘hot desking’. But these [...]
Mitie raises full year guidance as Interserve deal beds in January 28, 2021 Outsourcer Mitie today raised its guidance for the full year due to an improved performance in the second half and its merger with Interserve. The FTSE 250 company said that full year revenue would now come in at £2.4-£2.5bn, with profit up to £57m-£61m. Shares in the firm rose 3.1 per cent as markets opened [...]