Interserve - company profile
11:44 15 Mar 2008
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An overview of construction and support services company Interserve, including: information about Interserve's operations; latest news about Interserve; and the latest Interserve share price.
Interserve quick links
Latest Interserve news
- Interserve bags £310m PFI defence job
- Interserve wins £55m-worth of Welsh health work
- Balfour, Laing O'Rourke and HBG among eight on Scots Procure21 shortlist
- Interserve and Bowmer emerging as winners in college deals
- Interserve - company profile
Interserve overview
Interserve began life in the late 19th century as the London & Tilbury Lighterage Company, operating as a dredging and subsequently civil engineering and construction company. In 1991, it acquired construction company RM Douglas to became Tilbury Douglas.
During the 1990s, after a series of FM acquisitions, Tilbury Douglas was transferred by the London Stock Exchange from construction to the support services sector, and changed its name again to become Interserve in 2001.
Since the appointment of Adrian Ringrose as chief executive in 2003, Interserve has continued to move away from its roots, divesting of non-core activities, and acquiring another FM business in MacLellan during July 2006.
Interserve was ranked 9th in the 2007 Contract Journal Construction Top 100, and 15th in the 2007 CJ50 league table, which measures forward orderbooks.
In its full year results for 2007, Interserve announced a record turnover of £1.7bn and a margin of 4%.
Interserve operations
Since 2006, Interserve has been organised into four business streams:
- Facilities Services. Facilities management.
- Project Services. Construction management.
- Equipment Services. Designs, hire and sale of formwork and falsework for construction projects.
- PFI Investments. Structures Interserve PFI transactions and provides management expertise to the project companies.
Other Interserve links