String of major wins boost support services firm

Ruby McGregor-Smith

Support services firm Mitie has overtaken the £2bn revenue mark, as profit also edged up for the year ended 31 March 2012.

A string of major wins – including a five-year facilities management deal with Lloyds Banking Group worth £775m – boosted turnover to £2,002m from £1,891m the previous year.

Pre-tax profit also rose to £94.5m from £86.8m.

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.”