The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Interserve – The Latest

Interserve – The Latest
02 June 2020
 

It was reported that in mid-May that Interserve was involved in a cyber attack, involving the theft of information on current and former Interserve employees.

According to The Telegraph, the data breach occurred when hackers broke into a human resources database owned by Interserve on 9 May 2020. 

The information stolen in the breach could have included sensitive data such as employee names, addresses, bank details, payroll information, next of kin details, HR records, dates of absences and pension information.

This follows news that finalising the administration of Interserve is to be delayed due to the global pandemic.

 

Deleveraging plan rejected 

 

On 15 March 2019, Robert Hunter Kelly and Alan Michael Hudson were appointed as Joint Administrators of Interserve PLC, a result of a decision by Interserve’s Board of Directors, following the shareholders vote against the Deleveraging Plan.

The Deleveraging Plan would have provided the Interserve Group with the required liquidity and headroom to continue to trade. Without additional liquidity, Interserve PLC was in default of its banking facilities and could not pay its debts as and when they fell due.

Immediately following their appointment, the Joint Administrators completed a sale of the business and substantially all of the assets of Interserve PLC to a specially formed company, Montana 1 Limited, which will trade as Interserve Group Limited.

A two-year extension has been granted to the administrators until March 2022.

 

Government contractors 

 

Interserve is one of the UK's biggest government contractors providing a range of services including construction, security, cleaning and catering.

The outsourcing company was also recently involved in building Birmingham’s Nightingale Hospital, one of seven Nightingale Hospitals in the UK set up by NHS England as part of the coronavirus response.

Interserve Construction has also announced today that they have delivered a new ward at Royal Preston Hospital, giving extra capacity to treat COVID-19 patients during the pandemic.

Picture: A photograph showing a person's hand typing at a computer keyboard

Article written by Ella Tansley | Published 02 June 2020

Share



Related Articles

Interserve Reaction - Firm Given £Millions In Public Contracts Despite Nationalisation Plan

Interserve was handed £233 million worth of public sector contracts in recent months despite being on a government 'watch list' set-up to avoid...

 Read Full Article
Interserve To Rise Like A Phoenix From Ashes Of Fire Sale?

Administrators were appointed to Interserve Plc on Friday March 15 - within minutes, the entire Group's business and assets were sold to a newly incorporated company...

 Read Full Article
Mitie Reports 2021 Revenue Rise

FM company Mitie has forecast a strong 2022, despite low annual profits and the loss of public sector contracts in the last year. Group revenue increased by 18 per...

 Read Full Article
Mobilising NHS Nightingale With CAFM

FSI and Interserve Group worked together to ensure the team at NHS Nightingale Hospital North West had a CAFM solution they could rely on at a crucial time. The impact...

 Read Full Article
Is Cybersecurity a Home Working Health and Safety Issue?

Bureau Veritas is urging businesses who are remote working to prioritise cybersecurity as a health and safety risk. As Britain looks set to embrace a long-term shift...

 Read Full Article
Interserve Construction Reverts to Tilbury Douglas Brand

Interserve Group has announced the rebranding of its construction division to Tilbury Douglas. Tilbury Douglas is the original name of Interserve, which was changed in...

 Read Full Article
24% of Planners Say Smart Cities Will be a Security Challenge 

Urban design professionals believe that the use of smart technology in public spaces could pose a security threat. Smart city technology can bring a great many...

 Read Full Article
Mitie Refutes Claims of Lack of Cooperation Amid Strike Action in Carlisle 

As over 70 cleaners, porters and other support staff at Carlisle’s Cumberland Infirmary prepare to strike over a decade-long pay dispute, Mitie says it has never...

 Read Full Article
Mitie Attains Contracts Worth Over £770m in Last Three Months

In its Q3 trading update, Mitie has revealed an organic revenue of £573.9 million, 6.7 per cent ahead of the same period last year. The firm also said it had won...

 Read Full Article
Amey IT Security Attack Still Unresolved

A “complex IT security incident” of Amey’s systems in December 2020 remains unresolved, meaning parts of their system are still offline. As stated on...

 Read Full Article