Major contract wins see Mitie power ahead

Grant Prior 11 years ago
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A string of major contract wins have helped Mitie boost turnover and profit during the six months to September 30.

The firm’s latest financial report to the City today also highlighted healthy order books up 17.6% to £8bn with 68% of 2012/13’s work already secured.

Group turnover for the period was up 5.8% to £971.7m while pre-tax profit rose 17.3% yo £43.3m.

Ruby McGregor-Smith, Chief Executive of Mitie, said : “The first half of this year has seen us deliver a strong set of financial results.

“We have been awarded a number of significant contracts which have enhanced our business. This demonstrates the success of our strategy to invest in our integrated facilities and energy management capability.

“Looking ahead, our focus is on developing existing client relationships and maximising opportunities to deliver value in energy services.

“We are mindful of the challenging economic environment. However, the search for greater cost and energy efficiency is central to the strategies of governments and businesses in all our markets – and delivering better quality services, innovation and efficiency lies at the heart of what we do.”

Among the major contracts secured during the period were:

Private sector
Client Contract Timeframe Value range
Cumbrian Collaboration Retained and significantly expanded an integrated FM and energy services contract with the Cumbrian Collaboration (includes Sellafield Limited, the Nuclear Decommissioning Authority (NDA), Direct Rail Services, Low Level Waste Repository Limited and International Nuclear Services) 5-7 years £200m -£280m
Diageo Expanded our technical FM contract to provide integrated facilities management and  hospitality services across Diageo’s UK and Irish property portfolio 5 years £100m – £120m
Public sector
Client Contract Timeframe Value range
Ministry of Justice Awarded total facilities management contracts for Her Majesty’s Courts and Tribunal Service (HMCTS) in the south of England, and two prisons, at Brixton and Isis 5-7 years £200m – £455m
Essex County Council Transformational outsourcing contract which includes facilities and property management as well as energy services, working in partnership with Lambert Smith Hampton to provide estate management services 10 years £80m – £100m
West Midlands Construction Framework Minor works and maintenance contract for all non-housing capital expenditure and maintenance, primarily within the Birmingham City Council South Area. The contract is also available to 13 other local authorities within the region 4-8 years £160m – £350m
Energy
Client Contract Timeframe Value range
NHS Carbon and
Energy Fund
Accepted as a partner in the £200m capital fund which enables NHS Trusts to upgrade their energy infrastructure to save energy, carbon and money * £200m framework
O-Gen Plymtrek Energy services company formed by MITIE, O-Gen UK and the Una Group, to develop an energy centre in Plymouth which will convert waste wood into renewable heat and power. 10 years *
Camden Council Innovative energy scheme to provide surplus heat from a hospital energy plant to 1,500 council tenants in Camden Council 15 years *
Waitrose Contracts to develop and operate biomass energy centres at the Waitrose East Cowes and Bracknell stores * *

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