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

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

Mitie Attains Contracts Worth Over £770m in Last Three Months
28 January 2021

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 and renewed in excess of  £770 million worth of contracts over the last three months. This includes new contracts with Bravissimo, Magnox Ltd, QBE Insurance and Manchester City Council. In addition, Mitie has been appointed to three new Crown Commercial Service agreements for Vehicle Charging Infrastructure Solutions, Heat Networks & Electricity Generation Assets and Building Cleaning Services.

Contract renewals include deals with Primark, Toyota and Euro Car Parts.

However, nine-month organic revenue of £1,546.4 million was 4.3 per cent cumulatively lower than the same period in the prior year, of which 4.0 ppts was due to the loss of the Ministry of Justice (MOJ) contract and the reduced scope of the NHS Properties contract from 31 March 2020.

According to City A.M, Shares in the firm rose 3.1 per cent as markets opened this morning (Thursday 28 January).


Interserve Acquisition – “An Encouraging Start”


After Mitie’s acquisition of Interserve Facilities Management, creating the UK’s largest facilities management company, Interserve’s contribution to Mite Group’s full-year 2021 results will be for the four months of December 2020 to 31 March 2021. 

Interserve’s Business & Industry and Service Operations divisions are currently being merged into Mitie’s Technical and Business Services. 

New laptops are being delivered to Interserve’s salaried employees and new systems to communicate directly with Interserve’s 29,000 employees are apparently “working well”. 

Picture: a photograph of two Mitie employees wearing branded uniforms, one is holding a tablet

Article written by Ella Tansley | Published 28 January 2021


Related Articles

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 Completes its Acquisition of Interserve

Today marks Mitie’s acquisition of Interserve's Facility Management business. The Competition and Markets Authority cleared the deal to proceed in...

 Read Full Article
Mitie's Acquisition of Interserve Cleared to go Ahead

The Competition and Markets Authority has cleared Mitie's acquisition of Interserve to proceed, subject to the approval of Mitie's...

 Read Full Article
£81m Off – Mitie and Interserve Renegotiate Terms of Sale

The terms of the sale of the merger of Interserve’s Support Services division with Mitie have been renegotiated, with the transaction now valued at £190m...

 Read Full Article
CMA Launches Investigation Into Interserve and Mitie Deal

The Competition and Markets Authority is investigating whether the deal between Interserve Support Services and Mitie might reduce competition in the FM sector. The...

 Read Full Article
Funds from Rights Issue Expected To Support Interserve Acquisition, says Mitie

The acquisition of Interserve’s Facilities Management business is conditional on the approval of Mitie’s shareholders, and expected to be completed in or...

 Read Full Article
Mitie Wins Waste Management Contract With University of Leeds

One of the UK’s largest universities has signed a new waste management contract with outsourcer Mitie. The contract is for an initial two years with the option...

 Read Full Article
Mitie Acquires Cliniwaste

Mitie has acquired healthcare waste disposal company Cliniwaste to bolster its clinical waste management provision. Cliniwaste, which specialises in treating plastic...

 Read Full Article
Mitie Acquires JCA Engineering for £31.5m

Outsourcing firm Mitie has acquired Stevenage-based engineering contractor JCA Engineering in a deal worth £31.5 million. Mitie will pay an initial cash payment...

 Read Full Article
Arsenal Football Club Renews FM Contract With Mitie

Mitie’s security vetting contract with Arsenal Football Club has been extended for a further five years. Mitie will continue to provide vetting services...

 Read Full Article