Interserve is a major supplier of outsourced services (e.g. construction, cleaning, probation) to central/local government and the NHS with around 45,000 UK employees and almost £3bn turnover (70% from UK government). Its share price has dropped significantly over recent years prompting fears of a collapse similar to Carillion.
A rescue package was rejected by investors on 15 March 2019 and the company is now in administation. The government has said that existing jobs and contracts will not be affected.
Central government expenditure with Interserve has risen although local government expenditure decreased in 2016 after the end of a major 10 year contract with Croydon Council.
Central and Local Government organisations which spent over £1m with Interserve in 2017 are listed below.
News/Information re Interserve:
- Interserve website
- Google Finance - share prices & news
- BBC News
- Construction News
Central Government departments spending over £1m with Interserve in 2017:
|Ministry of Defence||£127,444,429||Details|
|Department for Transport||£72,259,707||Details|
|Department for Education||£31,548,505||Details|
|Department for Work and Pensions||£1,227,837||Details|
Local Authorities spending over £1m with Interserve in 2017:
|City of London||£5,203,974||Details|
|Brighton and Hove||£4,149,886||Details|
|East Riding of Yorkshire||£1,044,445||Details|
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