Interserve secures £140m contract extension with BBC
Support services and construction group Interserve has won a £140m contract with the BBC to continue providing facilities services until 2023.
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The company - which issued a second profit warning last week and said it was in danger of breaching its banking covenants - said this latest four-year extension to the account, which was first awarded in 2014, will see it provide total facilities management services across the broadcaster's UK estate.
In total, the contract covers 150 sites including the BBC’s major offices and production facilities at Media City UK in Salford, Broadcasting House in Portland Place, London and Pacific Quay in Glasgow. In addition to this contract, Interserve currently delivers security guarding and building contractor services for the broadcaster under separate frameworks.
Chief executive Debbie White said the contract extension was testament to the strong partnership between the two organisations.
"Our ongoing 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."
At 0910 BST, the shares were up 2% to 78.06p,