Watchdog unveils competition concerns regarding Interserve sale to Mitie

The Competition & Markets Authority (CMA) has launched an investigation into Mitie's proposed £271 million acquisition of the facilities management (FM) arm of Interserve.

Published 15 September 2020

Rising audit fees hit contractors

The accountancy failures surrounding the collapse of Carillion are costing other firms with government contracts millions of pounds in annual audit fees.

Published 3 September 2020

FRC closes investigation into Mitie financial statements

The UK’s accounting watchdog has closed its investigation into the finances of support services contractor Mitie.

Published 15 July 2020

Mitie lines up £271m acquisition of Interserve’s FM business

Outsourcing contractor Mitie has announced it is to buy the facilities management (FM) arm of Interserve for a combined consideration of £271 million.

Published 25 June 2020

Mitie secures ‘payment-by-results’ extension to IFM contract with Lloyds

Mitie Group has been awarded an extension to its contract to provide integrated facilities management (IFM) services to Lloyds Banking Group (LBG) which will see the firm paid on its results.

Published 12 September 2019

Unite seeks assurances over Mears and Mitie workforce

Unite is seeking reassurances that its members will be protected after Mears Group agreed to buy Mitie’s social housing repairs and maintenance business.

Published 20 November 2018

Mitie’s social housing business acquired by Mears

Mears Group has agreed to buy Mitie’s social housing repairs and maintenance business for £35 million.

Published 19 November 2018

FCA drops investigation into Mitie profit warning

The Financial Conduct Authority has ended its investigation into Deloitte’s auditing work at facilities services contractor Mitie Group.

Published 28 June 2018

Mitie subject to another FRC investigation

The UK’s accounting watchdog has launched another investigation into the finances of troubled support services contractor Mitie.

Published 20 November 2017

Mitie to cut 480 jobs and consider selling property management business

Troubled facilities management contractor Mitie is to shed 480 jobs and has put its property management business up for sale as it continues its cost-cutting restructure.

Published 20 September 2017

Financial watchdog to investigate timing and content of Mitie profit warnings

Outsourcing group Mitie is under investigation by the Financial Conduct Authority (FCA) over the timing and content of two profit warnings last year.

Published 29 August 2017

Mitie reports £43m loss as staff numbers continue to fall

Facilities management specialist Mitie has seen staff numbers fall by more than 3,000 as it continues its £45 million cost cutting drive.

Published 12 June 2017

Mitie secures repairs and maintenance contract with Maryhill Housing Association

Mitie’s property management business has been awarded a new contract with Maryhill Housing Association.

Published 30 May 2017

Mitie sheds 160 staff as firm takes £50m hit

Outsourcing giant Mitie has removed 160 jobs and is expected to write off a further £50 million after an accounting review unearthed issues with the way the firm was booking its costs.

Published 3 May 2017

Mitie issues another profit warning and appoints new finance chief

Outsourcing firm Mitie has issued its third profit warning in four months following a two-day Board meeting.

Published 18 January 2017