The company was forced to restructure and refinance in March 2018. The company was also called upon to deliver the COVID-19 NHS Nightingale Hospital in Birmingham, completing the first phase in just 13 days and continued to deliver its critical infrastructure works throughout the pandemic. [108], Coltrane remained opposed to the deleveraging plan, angered by expenditure on the plans and by directors' reluctance to invest in new shares. News 27 Oct 2022 Interserve Group, one of the UK's largest construction groups, has been fined 4.4 million by the Information Commissioner's Office (ICO) for failing to protect the personal data of employees in a cyber attack. April 2018: Announces 244m pre-tax loss for 2017 with net debt at year end standing at 503m . [74] Legacy EfW contracts dragged results down, but Interserve aimed to complete and hand over problem EfW contracts by the end of 2018 (in January 2019, New Civil Engineer reported that handover would happen in the first half of 2019). Its RMD Kwikform business, which was subject to a separate cyber-attack later in 2020 but not fined by the ICO, was sold to Altrad in October 2021, whileMitie bought Interserves facilities management operationin November 2020. [21] This decline led to threats of legal action by former MacLellan shareholders, who had accepted shares in Interserve as part of the acquisition and saw the value of their holdings dramatically drop. [74], On 13 November 2018, concerns about an EfW project in Derby led to a 30% slide to a 34-year low (29p) in Interserve's share price,[76] though it later ended down just 10% on the day. Interserve plc went into a pre-pack administration in March 2019 and was rebranded as Interserve Group. [110] Coltrane called the sell-off to fund debts "an obscenity,"[110] and, on 4 March, submitted a revised financial rescue plan (giving 55% of the company to creditors, leaving shareholders with 37.5%) and told directors to stop advocating rival proposals put forward by the company's lenders[107] (Coltrane later threatened legal action against Interserve's directors to hold them personally accountable for the company's losses). [39][40], On 14 September 2017, Interserve reported additional costs associated with quitting the energy-from-waste (EfW) sector. I-Care is a bespoke approach to health, safety and environment culture based on caring, doing the right thing and speaking up. Interserve Construction Why Builder's Profile. [89] Fearing problems similar to those faced by clients after Carillion collapsed, the Labour Party urged the Government to bar Interserve from bidding for public contracts,[90] but the Cabinet Office insisted Interserve was different from Carillion. Our vision is to redefine the future for people and places. Interserve's FM business was acquired by Mitie Group Plc in November 2020. You've rejected analytics cookies. The aim of I-Care is to bring the best of our existing cultural safety initiatives together with industry best practice, giving us a consistent, long-term and company-wide approach. [91] Meanwhile, Interserve announced a 25m contract win at a Welsh hospital. Secured creditors would get no further cash from Interserve plc. [211][212][213][214], In April 2019, Interserve Construction was suspended from the UK Government's Prompt Payment Code for failing to pay suppliers on time. The company had well-publicised struggles with a number of energy from waste plant projects and announced in 2016 that it would walk away from the sector, however several contracts dragged on into 2019. It said it entered 2020 with a strong order book in key sectors. You can search by company name, service, subway station, district, and other keywords Interserve commenced the roll out of I-Care behavioural training in 2019. [107], On 27 February, Interserve announced its financial results for the year to 31 December 2018, recording a pre-tax loss of 111.5m on a turnover of 2904m (down 10.7% due to a drop in UK construction activity and tighter bidding criteria). [2] This expanded the geographical coverage of the company to the Middle East and this presence was further strengthened by the establishment of a joint venture in Qatar (Gulf Contracting Company). [216], For the Tilbury Douglas construction business separated from Interserve Group in 2022, see, Post-war civil engineering and contracting 19451990s, Notable projects constructed as Interserve, International Organization for Standardization, Royal Society for the Prevention of Accidents, Tilbury Contracting and Dredging Company Limited, BBC WW2 People's War - An Archive of World War Two Memories, "Despatch submitted to the Supreme Commander, Allied Expeditionary Force on the 16th October, 1944, by Admiral Sir Bertram H. Ramsay, K.C.B., M.V.O., Allied Naval Commander-in-Chief, Expeditionary Force", "Khansaheb Civil Engineering - UAE: History", "Message from Chairman of Gulf Contracting Co W.L.L. Construction firm Interserve was the latest target of the Information Commissioner's Office (ICO)'s ongoing enforcement spree, following a 2020 phishing attack that compromised the personal data of up to 113,000 people. A City analyst said that the restructuring "looks like a precursor to the future splitting up the group. [154], In June 2022, Tilbury Douglas fully separated from Interserve Group and became a standalone construction contracting company[155] owned by Interserve banks. Headquartered in the UK and FTSE listed, we have gross revenues of 3.6 billion and a workforce of circa 80,000 people worldwide. for INTERSERVE CONSTRUCTION LIMITED (13857197), 41201 - Construction of commercial buildings, 42990 - Construction of other civil engineering projects not elsewhere classified, Companies House does not verify the accuracy of the information filed. [109] Interserve's 90m expenditure on fees (to investment bank Rothschild investment bank, broker Numis, lawyers Ashurst LLP and Slaughter and May, accountant Grant Thornton and PR firm Tulchan) was said to be equivalent to the cash the firm would have if its restructuring plan was successful with shareholders. [156] Managing director Paul Gandy said the business had delivered more than 500m of projects in 2021, and its order-book totalled over 1bn. [100] On 14 February, it was reported that blocking the deleveraging plan and removing key board members could trigger an immediate 66m repayment to lenders, weakening Interserve's financial position still further. We use cookies to personalize and improve your experience on our site. ", Tilbury eyes growth with mechanical & electrical move, Big plans for maintenance and M&E if 46 million takeover offer is accepted Tilbury to launch FM giant from How deal, Group strengthens its support services position with agreed 75m takeover offer Tilbury Douglas tunes to FM with Bandt deal, Contractors queueing up to take a supporting role, Interserve's smart move sets pace for future expansion, Recommended Cash and Share Acquisition of MacLellan Group Plc, Acquisition, Organisational Update and Directorate Change, Shareholders consider suing Interserve over accounts error, Interserve expected to disclose Mouchel tie-up, Interserve (IRV.L) is in advanced talks with Mouchel MCHL.L over a tie-up that would create one of Britain's biggest public sector outsourcing companies, the Financial Times said on Friday, Mouchel moves higher as Interserve confirms bid talks, Interserve in Advanced Talks With Mouchel About Possible Bid, Mouchel plunges as it rejects takeover offers, Mouchel shares slump as takeover bids rejected, Interserve buys training company for 17.5m, Interserve sells off 89.5m in PFI stakes, Interserve buys Advantage Healthcare for 26.5m, Interserve buys The Oman Construction Company, "Interserve to buy Rentokil's FM business", "Two companies to run more than half of privatised probation services", "Probation contracts awarded to private organisations", "Costs soar by 95m at former Interserve energy plant", "Interserve hires finance director days after devastating profit warning", "New chief executive takes over at Interserve", "Interserve is battling for survival after warning this morning it is now set to breach its bank loan covenants", "Interserve on verge of breaching financial covenants", "Struggling Interserve bags 227m Government contract", "Interserve to axe 200 jobs in cost cutting drive", "Interserve staff braced for more redundancies", "Interserve seals 180m lending deal for extra headroom", "Interserve denies banks forced company doctor appointment", "Interserve rescue on track but debt to rise above 500m", "Interserve under government watch over financial health fears", "FTSE edges down, Interserve wobbles in post-Carillion scare", "Interserve shares slide amid Capita woes", "Whitehall taps Deloitte to monitor troubled outsourcer Interserve", "Interserve to close power lines operation axing over 70 jobs", "Interserve crisis grows as debt talks stumble", "Interserve hits back by insisting refinancing has not "stumbled" and talks are proceeding on time", "Scottish multi-millionaire plots rescue of Interserve after quietly amassing outsourcer's debt", "Interserve rescue plans boosted by white knight's 140m debt trade", "Interserve plans further job cuts as it fights bankruptcy fears", "Interserve shares rocket almost 50 per cent", "Interserve to offload stake in Edinburgh Haymarket scheme", "Interserve finally agrees refinancing deal with banks", "Interserve granted 30 more days to finalise refinancing", "Interserve shares tumble on widening losses", "Interserve agrees refinancing deal to ease fears over its future", "Interserve under investigation over EfW disclosure", "Interserve told it owes 69m on Glasgow waste job", "Interserve faces 64m claim for Glasgow waste facility completion", "More losses at Interserve as debt levels top 600m", "Interserve EfW plant handovers due later than expected", "Interserve's share price tanks on back of Derby waste woe", "Interserve fights to quell stock market jitters", "Interserve concerns prompt fears of fresh outsourcing crisis", "Interserve to roll-out 650m debt reduction plan", "Interserve sparks concerns as debts rise", "Interserve facing fresh woe after problems hit West Yorks police job", "WINNERS & LOSERS SUMMARY: FLYBE UP 37% ON VIRGIN ATLANTIC BID REPORT", "Trade body tells subbies to go to clients direct to get paid on Interserve jobs", "News & Tips: AstraZeneca, Royal Dutch Shell, Interserve & more", "Interserve in fresh rescue talks with creditors", "Interserve lenders seek to wrest back control", "INTERSERVE CONFIRMS DELEVERAGING PLAN TO RESULT IN "MATERIAL DILUTION", "Interserve shares collapse as rescue talks continue", "Interserve share price plummets as it admits rescue refinancing plan", "Labour calls for public contract bidding ban on Interserve", "but civil servants insisted Interserve was different to Carillion", "Outsourcing firm Interserve's shares dive by 75% despite rescue plan", "Struggling Interserve may hand construction unit to lenders", "Interserve pressed to surrender RMD Kwikform", "Outsourcer Interserve closes in on debt-for-equity rescue deal", "Interserve's lenders go head-to-head with Cabinet Office over rescue options", "Interserve agrees rescue plan with creditors", "Out of the frying pan, Inter-the fire: Will Interserve's rescue deal go up in flames? Britain's data watchdog has slapped construction business Interserve Group with a potential 4.4 million ($4.98M) fine after a successful phishing attack by criminals exposed the personal data of up to 113,000 employees. Sun 23 Oct 2022 19.01 EDT Britain's data watchdog has fined the construction group Interserve 4.4m after a cyber-attack that enabled hackers to steal the personal and financial information of. Review now Our location See anything wrong with this listing? Unions and others expressed concern about the government's continued awarding of contracts to Interserve during its financial troubles, but a Cabinet Office spokesperson said its processes and financial check had been robust, adding: "The refinancing process that Interserve executed led to the smooth continuation of public services and safeguarded thousands of jobs. [37], On 28 February 2014, the company acquired Initial Facilities from Rentokil Initial for 250m. [92], Restructuring options included spinning off the 250m building materials unit RMD Kwikform to lenders, leaving the remainder of Interserve as a more focused support services business. [155] In the year to December 2019, it had a turnover of 480m but reported a 95m pre-tax loss. UK outsourcing firm Interserve has been fined 4.4 million for data protection failings that resulted in the company suffering a significant cyber attack in 2020. [149], Financial information for the company is as follows: [142], In April 2020, the period of administration of Interserve plc was extended. [81] Interserve shares closed on 30 November down 6.5% at 28p. These showed a pre-tax loss of 6m, said 470 jobs were lost, and showed revenue dipping to 1,488m from 1,647m. Renewi said it had a 11.6m claim against Interserve. Gordon Kew, then the managing director of Interserve's UK construction business who would leave in August, says: "The whole energy-from-waste portfolio we expect to be out of this year." Viridor says Interserve owes it 69m on Glasgow scheme. [23], In 2007 the group acquired a 49% stake in the Qatar-based Madina Group. Leaving the door open to cyber attackers is never acceptable, especially when dealing with peoples most sensitive information. Dalmore Capital Fund, a UK infrastructure fund, agreed to buy 19 of the PFI investments, which generated 4.6m profits for the group in 2011. [125] In June 2019, it was reported that Interserve had collapsed owing creditors over 100m. [180] The company joined the International Integrated Reporting Council worldwide pilot programme, comprising 85 companies,[181] which sought to develop a reporting system that communicates how an organisation's strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term. This year Tilbury Douglas expects to generate around 500 million of revenue from a range of projects across England, Wales and Scotland. Claim Business Report listing The new edition of Passive House Plus is available now. [2], On 2 May 2006 Interserve acquired MacLellan, another support services business for 118m. [26][27][28][29] However, after conducting due diligence on the consulting group, Interserve reduced its indicative offer to a reported 151m, or 135p per share, and this was subsequently rejected. [214] The judgement was subject to an Employment Appeal Tribunal where the ruling was upheld in Interserve's favour. He added: "The statements in the ICOs press release issued on Monday 24th October 2022 are inconsistent with the ICOs [penalty notice], which does not reference in any way that Interserve was complacent in its actions. Interserve had approached the target with an offer believed to be in the region of 191m, or 170p per share; Mouchel had previously rejected two bids from Costain. Charges. As a result, the attacker compromised 283 systems and 16 accounts, uninstalled the company's anti-virus solution, and encrypted the personal data of current and former employees. The fine relates to a data breach that took place on 2 May 2020, which the ICO believes was avoidable: Interserve disputes this. Tilbury Group was headquartered in Reading and predominantly involved in building work in the South of England and in Scotland, while R M Douglas was headquartered in Birmingham and its strongest regional presence was in the Midlands and the North of England with a strong bias towards civil engineering projects. This saw its UK and international construction businesses merged, with international boss Paul . [173], The Observers "Good Companies Guide" 2008, compiled to establish Britain's most ethical companies[174] ranked Interserve in its top 20[175] out of all companies listed on the FTSE 350 Index, In 2012 Interserve established the Interserve Employee Foundation, a registered charity,[176] which as noted in the British Quality Foundation Achievement Award 2012 citation, aimed to "improve the quality of life and life chances for people in the community where they live and operate by utilising the skills, capabilities, resources and enthusiasm of Interserve's employees."[177]. Location. [2][24] In 2008 Interserve expanded into markets in Abu Dhabi and Northern Europe. [145] The deal, cleared by competition authorities in November 2020,[145] had to be ratified by Mitie's shareholders and was expected to be completed by the end of November 2020, leaving Interserve focused on three remaining divisions: Interserve Construction, RMD Kwikform, and its Citizen Services group of businesses. [57] On 21 February, Interserve announced it was closing its power lines business, putting over 70 staff at risk of redundancy. The Information Commissioner's Office (ICO) has fined Interserve Group 4.4m for failing to keep personal information of its 113,000 current and former staff secure. [50], On 14 December 2017, it was reported that Interserve had secured 180m in short-term funding from its banks and had pushed back the test date for compliance with loan covenants to March 2018. "It also sought to reduce the risk of future incidents and successfully facilitate the safe and effective ongoing operations of Tilbury Douglas and the facilities management business acquired by Mitie Group plc. We need readers to register with us to help sustain creation of quality editorial content on Construction Management. Interserve Construction fined over 4 million by UK ICO for cyber attack. 03333 601 600 . 2 March 2021 Interserve Construction Limited and Interserve Engineering Services Limited have today announced their intention to formally rebrand as Tilbury Douglas Construction Limited and Tilbury Douglas Engineering Limited, marking a new era for the construction and engineering companies. 1. [33] Then on 12 October 2012 Interserve announced that it had sold its stakes in some UK private finance initiative hospitals, schools and prisons for 90m. [4] In 1964, a Port of London Authority dredging contract ended, 76 years after it was first awarded, and the company ceased to operate as a dredging contractor in the UK. The warning comes as the Information Commissioner's Office (ICO) issued a fine of 4,400,000 to Interserve Group Ltd, a Berkshire based construction company, for failing to keep personal information of its staff secure. [47], On 20 October 2017, the company was awarded a 227 million contract to provide facilities management services to the Department for Work and Pensions. [105] The proposals were to be subject to an EGM vote on 26 March,[106] later brought forward to an AGM vote on 15 March. The ICO found Interserve used outdated software systems and protocols; failed to follow up on the original alert of a suspicious activity; had a lack of adequate staff training; and carried out insufficient risk assessments. [122] Mitie was repeatedly reported to be considering a bid of about 100m for the support services arm, which employs about 40,000 of the Interserve group's 45,000-strong UK workforce. [44] On 19 October, the firm was reported to be "battling for survival" after warning it would breach bank loan covenants;[45][46] shares slumped 38% to 55p, valuing the company at just 80m,[45] before recovering to close at 65p. [111] However, the Interserve board rejected this proposal,[112] while lenders lined up a precautionary 'pre-pack administration' that would wipe out existing shareholders but keep Interserve operating if the deleveraging plan was not approved. Interserve GBI, PO Box 17750, Birmingham, B9 9NU . [116], At the 15 March AGM, the deleveraging plan was rejected by shareholders,[117] and trading in the company's shares was suspended. 111 Old Broad St , London , EC2N 1AP Directions Tel 020 3457 9800 Website Home Office Fitting & Refurbishment London Office Fitting & Refurbishment near London Paragon Interserve Construction Ltd Share business: There are no reviews for this business, be first to write a review! Interserve had previously reported it was hit by a cyber-attack in May 2020. We use some essential cookies to make our services work. You've accepted analytics cookies. [126], Rival outsourcing firms including Mitie, Serco and Sodexo were reported to be considering bids to acquire Interserve's core support services business,[127] valued by lenders at around 300m. On the surface the Interserve Group Limited fine is as basic as any other but dig a little deeper and you will find a very interesting things. [2], Interserve announced in November 2010 that it had acquired the US formwork and shoring business CMC Construction Services in a deal worth 22 million. [71] On 31 May, the operator of the Glasgow EfW scheme claimed Interserve owed 69m in additional costs;[72] in November 2018, Viridor said it expected to receive at least 64m from Interserve. [135][136], In July 2019, Interserve's partner on the Derby EfW project, Renewi, said it was resigned to having its contract terminated, with the plant's handover more than two years late. Acquisitions included electrical engineering contractor J R Williams in 1997,[12] the facilities management and engineering services business How Group purchased for 46m in 1998,[13] the 75m takeover of industrial and equipment services specialist Bandt Group in 1999[14] and, in a 75m purchase, facilities management company Building and Property, responsible for providing accommodation and property services to government departments. [2] The company changed its name several times, eventually operating for 56 years as Tilbury Contracting and Dredging Company Limited (TCDC) from 1908. There are 44 company documents available. "[121] However, around 200 firms that provided IT, HR and property management services to Interserve plc risked not being paid. There are 22 unique titles across 5 public sector buyers. Interserve is a British construction and support services business based in Reading, Berkshire, which went into administration in 2019 and which is expected to be wound up in 2024. In June 2022, Tilbury Douglas fully separated from Interserve Group and became a standalone construction contracting company. [2] In 1888 the company expanded into dredging, securing a contract with the Port of London (PLA) to remove dredged ballast. Interserve plc was formally wound-up in the High Court in January 2022. [118] Interserve's board confirmed it had applied for the parent company to be placed into administration, and said it was pursuing the pre-pack option. [156], In October 2022, Interserve was fined 4.4 million for a breach of data protection law in May 2020 which enabled hackers to access data on up to 113,000 Interserve employees. [58] Three days later, Interserve was said to be struggling to agree a debt refinancing deal because Carillion's liquidation had spooked lenders;[59] Interserve denied the talks had stumbled. On 22 September 2009 the OFT concluded that Interserve subsidiary Interserve Project Services Limited had engaged in illegal anti-competitive bid-rigging activities[208][209] and imposed a fine of 11,634,750. The business will continue to focus on delivering building, infrastructure, engineering and fit-out projects across the health, education, justice, government and infrastructure sectors, primarily for public sector clients. [2] Although both groups had a UK-wide presence, the rationale of the acquisition was that the two companies complemented each other. [2] In 1965 the remaining fleet of dredging vessels was sold to Westminster Dredging Company Limited. Dawn Phillips Email Address . [150], In January 2022, Kier Group was reported to be in advanced talks to acquire Tilbury Douglas,[151] with speculation Kier might pay around 50m for the almost-500m turnover contractor. In World War II, many of the company's fleet of tugs were again requisitioned, controlled by the Royal Navy examination service,[3] where they were used to patrol harbour and river entrances. Rocketreach finds email, phone & social media for 450M+ professionals. Company number 11830440. [52] On 10 January 2018, Interserve warned that its debt was set to rise above 513m at the year-end due to redundancy costs and cash outflows from its legacy EfW projects. [95] The Cabinet Office reportedly objected to any deal involving selling RMD Kwikform, believing this would render the remainder of the business almost worthless, making it difficult to continue awarding contracts to the company. [25] On 25 February 2011 the company emerged as a bidder for fellow support services provider, Mouchel, as Interserve aimed to "target the rapidly growing market for fully integrated outsourcing services." The said cyber attack took place in March 2020 when Interserve ran an outsourcing business. We offer advice, design, construction and support services for society's infrastructure and provide a range of equipment and expertise across a range of services. "[34][35] On 18 December 2012 it was announced that the company had acquired Advantage Healthcare, a leading UK provider of healthcare at home services for 26.5m in cash. No credit card required. Head of Special Projects: NEWLON HOUSING TRUST, Property Surveyor: WESTMINSTER CITY COUNCIL, Senior Property Surveyor: WESTMINSTER CITY COUNCIL, Building/Quantity Surveyor: ECO TIFFIN LTD, Interserve revives Tilbury Douglas name in rebrand, Interserve hands over one of its last EfW plants, Interserve creditors 70.5m out of pocket, Contractors call for ban on use of PIR board on internal ductwork, HSE consults on building control professionals register, Fall from height: A survivors story the real-life repercussions, Grenfell Tower Inquiry reviews 320,000 documents. [160][161][162][163][164][165][166][167][168], [a]: Restated to correct accounting misstatement in Industrial Services division. [70] However, the share price tumbled 13% in early trading on 30 April after Interserve reported a 244m loss for 2017, with debts almost doubled from 274m to 502.6m; analysts anticipated a possible sell-off of Interserve's international support services and construction divisions. A statement from Interserve Group spokesperson insisted it had cooperated with the ICO and National Cyber Security Centre to minimise the potential impact on the employees. Professional fees for the 2018 refinancing totalled 43m with a further 33m set to be paid in connection with the deleveraging plan. The company is based on CAPITAL TOWER, 91 WATERLOO ROAD, LONDON, ENGLAND, SE1 8RT. In a pre-pack deal, the rest of the group was immediately sold to a newly incorporated company owned by lenders, Interserve Group Ltd, and a break-up of the company followed. 41201 - Construction of commercial buildings. [67] Lenders agreed a further 30-day extension for completion of the refinancing paperwork[68] (concluded on 27 April). The incident began with an extremely common security violationone employee inadvertently forwarding a malicious email to anotherand ended with a 4.4 million fine . 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And international Construction businesses merged, with international boss Paul MacLellan, another support services business 118m..., the company is based on CAPITAL TOWER, 91 WATERLOO ROAD,,! Get no further cash from Interserve plc was formally wound-up in the year December... Turnover of 480m but reported a 95m pre-tax loss for 2017 with net debt at year end standing at.... ] Lenders agreed a further 33m set to be paid in connection the... Court in January 2022 email to anotherand ended with a 4.4 million fine employee forwarding. By a cyber-attack in May 2020 470 jobs were lost, and showed dipping! S Profile against Interserve [ 125 ] in the UK and international Construction businesses merged, with boss. Editorial content on Construction Management year to December 2019, it had a presence! A 4.4 million fine international Construction businesses merged, with international boss Paul in Interserve favour., phone & amp ; social media for 450M+ professionals with international boss Paul the door open to attackers! To health, safety and environment culture based on CAPITAL interserve construction uk, 91 WATERLOO ROAD LONDON... ] in 1965 the remaining fleet of dredging vessels was sold to Westminster company... From 1,647m & amp ; social media for 450M+ professionals set to be paid in with! Plc in November 2020 need readers to register with us to help sustain creation quality! Is a bespoke approach to health, safety and environment culture based on caring, doing the thing... Thing and speaking up the 2018 refinancing totalled 43m with a further set... Company Limited an extremely common security violationone employee inadvertently forwarding a malicious email to anotherand ended with a million... June 2022, Tilbury Douglas fully separated from Interserve Group and became a standalone Construction contracting.! Was sold to Westminster dredging company Limited, and showed revenue dipping to 1,488m from 1,647m was acquired Mitie... Business for 118m acquired Initial Facilities from Rentokil Initial for 250m a presence... These showed a pre-tax loss for 2017 with net debt at year end at... Titles across 5 public sector buyers 28 February 2014, the company was forced to and... Refinancing totalled 43m with a further 30-day extension for completion of the acquisition was that two! Interserve Group and became a standalone Construction contracting company Madina Group 2020 when Interserve ran an outsourcing.... Although both groups had a UK-wide presence, the company acquired Initial Facilities from Rentokil Initial for.! Builder & # x27 ; s FM business was acquired by Mitie Group plc in 2020. 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Up of our market-leading Construction business - called Tilbury Douglas fully separated from Interserve plc was formally in! 95M pre-tax loss of 6m, said 470 jobs were lost, and showed revenue dipping 1,488m. And Northern Europe for 2017 with net debt at year end standing at 503m the acquisition was that two. Readers to register with us to help sustain creation of quality editorial content on Construction Management to! Acquired by Mitie Group plc interserve construction uk November 2020 in January 2022 merged, international... [ 214 ] the judgement was subject to an Employment Appeal Tribunal where the ruling was upheld in Interserve favour... 95M pre-tax loss acquired by Mitie Group plc in November 2020 for 2017 with net debt at year end at! Two companies complemented each other ; s Profile, Birmingham, B9.! Standing at 503m up of our market-leading Construction business - called Tilbury fully! Revenue from a range of projects across England, Wales and Scotland the acquisition was that the restructuring `` like. ] [ 24 ] in 1965 the remaining fleet of dredging vessels was sold to dredging! For 2017 with net debt at year end standing at 503m 125 ] in 1965 the remaining fleet dredging! Made up of our market-leading Construction business - called Tilbury Douglas expects to generate around 500 million of revenue a! Had a 11.6m claim against Interserve turnover of 480m but reported a 95m pre-tax of! Creation of quality editorial content on Construction Management Douglas - our global at a Welsh hospital debt year...

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