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    Interserve PLC

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    • Monday, 1 November, 2021
      Grant Thornton UK LLP
      Grant Thornton fined over audit failings at outsourcer Interserve

      Sanction of £700,000 is second reprimand in six weeks for UK’s sixth-largest accounting firm

    • Friday, 16 October, 2020
      Coronavirus pandemic
      Ministers handed £280,000 Covid contract to business of executive in voluntary public role

      Deal awarded without tender fuels concern over UK value for money during pandemic

    • Tuesday, 3 December, 2019
      UK prisons
      Probation service reforms criticised over commitment to rehabilitation

      Preference in new contracts for ‘high volume, standardised interventions’ comes under fire

    • Friday, 15 November, 2019
      UK outsourcing
      Troubled contractor Interserve axes role of chief executive

      Debbie White to step down as group strengthens leadership of its three divisions

    • Friday, 12 July, 2019
      Interserve appoints turnround specialist Alan Lovell as chairman

      Glyn Barker to step down from position at struggling outsourcer next week

    • Thursday, 6 June, 2019
      Mitie Group PLC
      Mitie avoids outsourcing woes with return to profit

      UK contractor hopes to take work from troubled rival Interserve

    • Thursday, 16 May, 2019
      UK outsourcing
      Probation volte face still leaves unanswered questions

      Renationalisation could boost efficiency of service but initiative has its critics

    • Friday, 12 April, 2019
      Interserve bosses picked up £2m ahead of group’s collapse

      Chief executive and finance director awarded bonuses despite investor wipeout

    • Thursday, 11 April, 2019
      Accountancy
      UK regulator opens probe into Grant Thornton’s audit of Interserve

      Move by Financial Reporting Council comes weeks after outsourcer collapsed into administration

    • Wednesday, 20 March, 2019
      Tail RiskRobert Smith
      Net debt figures might not be all that they seem

      Interserve collapse is a reminder to watch out for ruses to flatter the balance sheet

    • Monday, 18 March, 2019
      UK outsourcing
      Interserve suppliers face losses from outsourcer collapse

      Groups providing IT, HR and property services risk losing contracts and pay

    • Friday, 15 March, 2019
      UK outsourcing
      Interserve taken over by its creditors

      Administration follows liquidation of rival state contractor Carillion last year

    • Friday, 15 March, 2019
      Lex
      Interserve/outsourcers: rubbish in, rubbish out Premium content

      Ripples from group’s woes will spread far and wide

    • Thursday, 14 March, 2019
      LombardMatthew Vincent
      Shell boss’s €20m payday shows executive palms remain well oiled

      Groups can do better in claiming to be sensitive to societal discussions on pay and environment

    • Thursday, 14 March, 2019
      Interserve calls for ‘positive thoughts’ ahead of crunch vote

      Employees urged to use social media to say contractor is a ‘great place to work’

    • Tuesday, 12 March, 2019
      LombardMatthew Vincent
      Interserve not best served by copying ‘no deal’ Brexit tactics

      Compromise is inexpensive way for government contractor to secure restructuring deal

    • Saturday, 9 March, 2019
      Support services
      Interserve’s banks line up pre-pack administration

      Debt-for-equity swap would wipe out government contractor’s shareholders

    • Thursday, 7 March, 2019
      Interserve wins support of proxy adviser ISS for rescue deal

      Move comes as battle between creditors and shareholders heats up ahead of crunch vote

    • Tuesday, 5 March, 2019
      Interserve rejects rescue plan from biggest investor

      Risks rise that one of the UK government’s largest contractors will fall into administration

    • Monday, 4 March, 2019
      Interserve’s biggest shareholder raises stake in fight for control

      Coltrane Asset Management proposes underwriting £110m rights issue to reduce debt

    • Wednesday, 27 February, 2019
      LombardMatthew Vincent
      ITV vs Netflix — they think it’s all over . . . but it isn’t now

      Broadcaster has no choice but to invest in BritBox video service with BBC

    • Wednesday, 27 February, 2019
      UK outsourcing
      Interserve’s biggest investor dismisses sweetened rescue deal

      Contractor struggles to end deadlock between creditors and shareholders

    • Friday, 22 February, 2019
      UK outsourcing
      Interserve’s biggest investor unveils rival restructuring plan

      US hedge fund attacks outsourcer’s proposals as it offers alternative

    • Thursday, 14 February, 2019
      Interserve eyes £66m risk of blocking restructuring deal

      UK outsourcer would have to pay amount to banks if its debt-for-equity swap collapses

    • Friday, 8 February, 2019
      Investments
      Investors Chronicle: St Modwen Properties, Interserve, BP

      Companies analysis from our sister publication

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