Interserve buoyed by extension to BBC contract

Interserve has inked a BBC contract extension worth £140 million that covers scores of sites including Pacific Quay in Glasgow.

The deal with the broadcaster, unveiled yesterday, marks the group’s second major contract since it was forced to issue a profit warning last week.

The outsourcing and construction group will continue providing services to the BBC until 2023, extending an account that was initially awarded in 2014. It will provide facilities management services ranging from engineering, energy and utilities to cleaning, portering and security across the BBC’S 150site UK estate, including Mediacityuk in Salford.

Debbie White, boss of Interserve,said:“ourongoing partnership with the BBC has been built on our collaborative approach, marrying our expertise in delivering high performance workplaces with the needs of the customer’s diverse teams across its UK estate.”

Joe Brent, head of research at Liberum, described the news as “positive” for the group.