The Information Commissioner's. [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]. [69] On 11 May, Interserve said it would be investigated by the Financial Conduct Authority with regard to handling of inside information and market disclosures regarding its EfW business. You can change your cookie settings at any time. [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. It's a. Interserve Construction UK, which last week announced that it was rebranding to become Tilbury Douglas, recorded an operating loss of 108m, according to its latest annual financial results. Interserve's FM business was acquired by Mitie Group Plc in November 2020. Major construction company Interserve has been fined 4.4 million by Britain's data watchdog. Interserve Construction fined over 4 million by UK ICO for cyber attack. [77] A critic blamed its problems on ill-timed acquisitions, expansion into areas (probation, healthcare, EfW) where it had no experience, and a weak balance sheet (of 427.4m intangibles on its balance sheet, 372.9m was goodwill). According to the Information Commissioner . It's a. Headquartered in the UK and FTSE listed, we have gross revenues of 3.6 billion and a workforce of circa 80,000 people worldwide. 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. Interserve is now made up of our market-leading construction business - called Tilbury Douglas - our global . From our beginnings, through the women who served in the zenanas of South Asia, we have . UK information commissioner John Edwards said:The biggest cyber risk businesses face is not from hackers outside their company, but from complacency within their company. The UK Information Commissioner has warned that companies are leaving themselves open to cyber attack by ignoring crucial measures like updating software and training staff. 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. The architect of Interserve was the wunderkind Adrian Ringrose, a politics graduate with zero construction experience, who joined the company in 2000 and three years later, aged 35, became chief . Epping Forest High School - Loughton. [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. This rendered Interserve vulnerable to a cyber-attack which took place in the period 30 March 2020 to 2 May . 42990 - Construction of other civil engineering projects not elsewhere classified. Review now Our location See anything wrong with this listing? Key skills include: Key skills: Pre-construction management (under design & build and traditional procurement routes) Bid management / project management of tenders from 100k to 60m Interserve received various business and industry awards: Interserve was a member of Constructing Excellence,[202] The Business Services Association[203] and Build UK. About Interserve BIRMINGHAM Interserve is one of the world's foremost support services and construction companies. In June 2022, Tilbury Douglas fully separated from Interserve Group and became a standalone construction contracting company. Interserve Construction Limited is a Private Limited Company registered in ENGLAND with Companies House and the accounts submission requirement is categorised as FULL The company registration number is 13857197, It's main line of business activity is Development of building projects, and the company is listed as Intermediate. [213] The Tribunal ruling supported the IIS evidence that the union tried to bully the company's manager into employing the three men, acted in a combative manner which was resented and that the company did not want to be dictated to about whom to employ. [4] In 1938 the company's lighterage fleet was amalgamated with vessels owned by W H J Alexander Limited and Tate and Lyle Limited to form Silvertown Services Limited[3] and TCDC severed its links with its original business activity.[2]. Despite the changes, Interserve Group Ltd remains a registered company. The organisation's status is listed as "Active". Interserve Construction saw its revenue slip from 747m at the end of 2018, to 485.3m for the year to 31 December 2019. [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). We use cookies to personalize and improve your experience on our site. Between 18 March 2019 and 1 December 2020 Interserve Limited ("Interserve") failed to process personal data in a manner that ensured appropriate security of the personal data using appropriate technical and organisational measures as required by Article 5(1)(f) and Article 32 GDPR. However, financial issues including problem contracts in Interserve's energy-from-waste business led to profit warnings in 2017. He added that the board was concerned that the deliberate nature of the evasions had gone undetected for so long despite internal and external audit scrutiny. Interserve Group Ltd - the parent company of the Interserve construction business - was fined 4.4m for multiple GDPR contraventions culminating in a data breach affecting 113,000 employees. Tuesday, October 25, 2022. At that time, the group generated revenue of 2.2 billion and had a workforce of 34,721 people. 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. [60] On 26 February, Interserve's share price fell 12% to close at 57p. [147] Its Citizen Services business, providing community rehabilitation services in five UK areas, was renationalised by the Ministry of Justice on 24 June 2021 as part of the UK Governments new model of probation delivery. At that time, the group generated revenue of 2.2 billion and had a workforce of 34,721 people.[1]. Location. [210], A case was brought by three claimants who were scaffolders and shop stewards, against subsidiary company Interserve Industrial Services Limited (IIS) at an Employment Tribunal. At Interserve, we support people and . Get 5 free searches. This data breach had the potential to cause real harm to Interserves staff, as it left them vulnerable to the possibility of identity theft and financial fraud.. Supplier summary. [55] Market uncertainty following Carillion's liquidation continued, partly fuelled by a 30 January profits warning by Capita, after which Interserve's share price dropped nearly 20%. 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. [159] Following the December 2020 sale of its FM operations to Mitie, Interserve was focused on three remaining divisions: Interserve Construction, RMD Kwikform, and the Citizen Services group of businesses. Some smaller assets are expected to be sold before Interserve Group is finally shut down in 2024. [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. [75] The business suffered a 6.6m loss from exiting the London construction business, and incurred 10.8m in restructuring costs and 32.1m in 'professional adviser fees' in connection with its refinancing. [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. [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. Renewi said it had a 11.6m claim against Interserve. [133] In June 2019, chairman Glyn Barker was reported to be preparing to step down,[134] with Alan Lovell named as his successor in July 2019. A debt-for-equity plan was rejected in March 2019, and Interserve plc went into administration owing creditors over 100m. London, England, United Kingdom. EY said secured creditors of Interserve plc, owed around 65.2m, were not expected to receive any payout from the administration. The name change partly reflected a shift in focus during the 1990s towards maintenance and facilities management services sectors, and this continued in the 2000s, buoyed by further acquisitions. Over the past year, Interserve Construction has featured in 22 contract award notices. [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. Interserve Construction saw its revenue slip from 747m at the end of 2018, to 485.3m for the year to 31 December 2019. Nonetheless, the company said following the appointment of Nicholas Pollard as chair of the construction division and Pail Gandy as managing director in October 2019, it was well placed to benefit from local and national government investment. INTERSERVE CONSTRUCTION LIMITED is a Private limited company (Ltd.) company based in 71-75 SHELTON STREET COVENT GARDEN, United Kingdom, which employs 32 people. Interserve developed a plan, SustainAbilities,[182] in conjunction with sustainability adviser, environmentalist and writer Tony Juniper,[183] co-founder of The Robertsbridge Group,[178] that would measure the company's performance against its knowledge, natural and social capital, in addition to its financial capital. Last year also saw a limited cyber-attack against RMD Kwikform, which caused some disruption its operations but was smaller than a significant and sustained cyber-attack in May 2020 which caused considerable distress to the companys operations. [143], In June 2020, Mitie announced it was to buy Interserve's 40,000-strong facilities management business in a cash and shares deal initially worth 271m,[144] later valued at 190m (120m in cash and a 17.5% shareholding in Mitie). The acquisition of Douglas also brought with it the construction equipment company Rapid Metal Developments (RMD) a formwork and falsework manufacturer incorporated in 1948, together with joint ventures in Oman (Douglas OHI)[9] and United Arab Emirates (Khansaheb),[10] both of which were initially established by Douglas in 1981. Skip to main content LinkedIn. [56], On 12 February 2018, accountancy firm Deloitte was drafted in advise ministers on public sector contracts held by Interserve. [215] It was reinstated in November 2019. After its financial situation worsened in late 2018, debt holders discussed further financial restructuring of the business. You can search by company name, service, subway station, district, and other keywords [119] The board later announced the group had been sold to a new company, to be called Interserve Group Ltd, controlled by Interserve's existing lenders. [61] On 3 March, Emerald Investment Partners, the family firm of Punch Taverns founder Alan McIntosh, acquired 140m of Interserve debts on secondary markets in a bid to save the company. [5] TCDC tugs and barges[3] were also represented within the merchant marine fleet that took part in Operation Dynamo, commonly known as the Dunkirk evacuation. Builder's Profile will help us achieve efficiencies and below are some of the benefits you can expect: Removal of paper based forms saves time & reduces carbon footprint Filing history. [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. [131] Interserve announced that Mark Whiteling, chief financial officer since September 2017, would be leaving the company;[132] and a dispute with Sandwell MBC over allegedly defective Interserve-built school buildings was reported. 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. [214] The judgement was subject to an Employment Appeal Tribunal where the ruling was upheld in Interserve's favour. Professional fees for the 2018 refinancing totalled 43m with a further 33m set to be paid in connection with the deleveraging plan. 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. The UK Information Commissioner has warned that companies are leaving themselves open to cyberattack by ignoring crucial measures like updating software and training staff. Get Stephen Home's email address (s*****@kmi.co.uk) and phone number at RocketReach. ", 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? [2][24] In 2008 Interserve expanded into markets in Abu Dhabi and Northern Europe. The manager decided on the basis of the contact with the union representative not to recruit any of the three claimants. A union representative therefore contacted a manager for the company and advocated the employment of the claimants on a contract awarded to IIS. [37], On 28 February 2014, the company acquired Initial Facilities from Rentokil Initial for 250m. Thank you. [2] The company changed its name several times, eventually operating for 56 years as Tilbury Contracting and Dredging Company Limited (TCDC) from 1908. The Benefits of Builder's Profile. "[141] In March 2020, auditors red-flagged Interserve's finances as the company planned to break up its businesses. [2], On 2 May 2006 Interserve acquired MacLellan, another support services business for 118m. Follow this company File for this company. Interserve saw significant upheaval in 2019, after the group went into a pre-pack administration in March after shareholders voted to reject a rescue plan, before making the transition to a UK listed company to a privately held one. Similar places nearby. [122] EfW client Viridor repeated its claim that, despite the administration, the still operating Interserve Construction owed 64m for work on its Glasgow plant;[123][124] in November 2019, Viridor issued arbitration proceedings to reclaim 72m. The government contractor Interserve has gone into administration after its largest shareholder, the US hedge fund Coltrane, led a rebellion against financial rescue plans drawn up by . People. Disposal of Interserve plc's 49% stake (valued in 2018 at 2.7m) in a Qatari business was delayed due to the COVID-19 pandemic restrictions in Qatar, so administrator EY was granted a two-year extension until March 2022. While a phishing email had been detected, the Information Commissioner's Office said Interserve "failed to thoroughly investigate the suspicious activity". Collect analytics Information up its businesses at 30 June was 614.3m, with Interserve expected to receive any payout the Based on caring, doing the right thing and speaking up: [ 184 ], was to work!, Tilbury Douglas, said: we are delighted to announce our new brand, website and.! Investigate the suspicious activity '' 2018: Announces 244m pre-tax loss for 2017 with net debt increased to,. New brand, website and logo Office ( ICO ) found that Interserve failed put! And collect analytics Information December 2019, down from a range of across. Cyber attackers is never acceptable, especially when dealing with peoples most sensitive Information people worldwide 107.7m operating in. 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