The company now has an order book worth more than £5bn, of which around £1.5bn is in 2011.
Recent awards in the UK include:
- The £63m St Helens schools contract announced in December
- Construction and refurbishment contracts worth £57m for three schools within the Sandwell Building Schools for the Future programme, and facilities management at the schools worth £50m over 25 years.
- A £26m hospital development at Yardley Green, Birmingham, under the ProCure21 framework programme, including associated mechanical and electrical services worth around £5m.
- Additional work worth £29m in the development of Llandough Hospital near Cardiff, where Interserve is already undertaking a major programme under the Designed for Life: Building for Wales framework.
- Several support services contracts, each lasting three years and with an aggregate value of more than £28m, with bookmaker William Hill, BNY Mellon and the University of Greenwich. The William Hill contract, outsourced for the first time, involves the cleaning of its betting shop estate throughout England, Scotland and Wales.
- The provision of access services to Sellafield and Pembroke power station, each over a two-year period, worth an aggregate £8m.
- A place on the Northumbrian Water framework worth an estimated £1.5bn over the next 10 years. The 19 appointed contractors and consultants will undertake contracts for all major future work required to upgrade and maintain the drinking water and sewerage networks throughout the north-east and in Essex and Suffolk.
The company said that trading was in line with expectations, delivering a stronger performance in the second half of 2010 than in the first half. It expects trading conditions in 2011 to be stable compared with 2010. Continuing improvements in its Support Services division, especially with more moves to public sector outsurcing, and a return growth in Equipment Services are expected to compensate for tougher trading conditions that are expected for Project Services after its strong performance in 2010.
Following the financial close of the St Helen's schools programme in December, Interserve now manages a portfolio of 21 financially-closed PFI projects, of which 13 are operational. These assets represent an investment commitment of more than £50m, around half of which has already been paid.
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