Mitie contract wins see turnover top £2bn

Grant Prior 12 years ago
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Support services giant Mitie has seen its turnover break the £2bn barrier following a string of major contract wins.

Pre-tax profit also edged up to £94.5m from £86.8m for the year to March 31 2012 as total revenue hit £2,002m from £1,891m.

One of Mitie’s biggest wins during the year was a new facilities management deal with Lloyds Banking Group worth £775m over the next five years.

Mitie is now one of the country’s largest private sector employers with 63,569 staff.

Chief executive Ruby McGregor-Smith said: “This has been a transformational 25th year for Mitie.

“We have made excellent progress on all of our key strategic objectives, achieved sector-leading organic growth and been awarded a number of significant contracts that are enhancing our business.

“This success is an endorsement of our long-term strategy to invest in our integrated facilities and energy management capabilities, which will underpin the continued growth of our business.

“As governments and businesses seek cost and energy efficiencies, our track record for service delivery, innovation and efficiency will continue to differentiate us.

“Financially robust, we have a clear strategy for the development of our business, supported by a buoyant sales pipeline and an order book that stands at record levels.

“We are confident that the exceptional track record of sustainable, profitable growth that we have achieved for 25 years will continue.”

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