Rivals such as Serco, which has faced criticism for its handling of elements of the government's test-and-trace system, have also been heavily involved in Whitehall's handling of the pandemic, with contracts worth hundreds of millions of pounds handed out in recent months.
The collapse of Carillion in 2018 underlined the fragility of outsourcers operating on often wafer-thin margins, and sparked criticism of the government's reliance on such businesses.Interserve, which runs the Ministry of Defence training estate in locations such as Gibraltar and the Falkland Islands, itself went through a pre-pack administration last year, after which its then chief executive Debbie White began to stabilise the business.
The combination would balance Interserve's public sector-dominated revenue base with that of Mitie, which generates most of its sales from the private sector. Investors in both companies are said to have been promised tens of millions of pounds in synergies from the deal, with a broader refinancing of Mitie's debt facilities also likely to have been under discussion.
Do you love your country and its history? Well than this is the page to follow BRLMatter!! ANY RACE ANY GENDER ANY RELIGION CAN JOIN! LET'S SAVE BRITAIN TOGETHER AS ONE PUT A STOP TO OUR HISTORY BEING ABUSED
Good luck with that 🙈