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Interserve was a British construction and support services business based in Reading, Berkshire, which went into administration in 2019 and was formally wound up in 2022.In 2019 the group generated revenue of £2.2 billion and had a workforce of 34,721 people.
The International Service Fellowship, more commonly known as Interserve, is an interdenominational Protestant Christian charity which was founded in London in 1852. For many years it was known as the Zenana Bible and Medical Missionary Society and it was run entirely by women.
The board later announced the group had been sold to a new company, Interserve Group Ltd, controlled by Interserve's existing lenders. [64] The administration and pre-pack process meant banks wrote off up to £800m in loans, while shareholders lost their investments.
In August 2019, Interserve appointed Ken Hanna as a non executive director of its board, and chairman of RMD Kwikform. RMD Kwikform had been the strongest performer in the group, but results in 2018 showed a 27% drop in operating profits to £39.6m, as turnover fell to £195.5m from £229m. [12]
Chairman, Interserve plc, a global support services group [4] since 1 January 2006, [5] having initially joined the board in September 2005. [2] After nine years as Interserve chairman, Lord Blackwell stepped down in early 2016 and was replaced by Glyn Barker. [9]
Interserve Rail (formerly Clough Smith) [1] is a British engineering and facilities management company. Founded in 1910, it is a subsidiary of Interserve . History
The anti-workfare organisation Boycott Workfare has compiled its own list of organisations that are known to have participated in DWP workfare schemes. "Defunct" denotes that a company has been liquidated and no longer exists having gone bankrupt and been dissolved, this includes "social enterprises" which are still commercial money-making enterprises.
Business Employment Services Training (BEST) is a welfare-to-work company in the United Kingdom. [1] BEST is one of several companies that has a contract with the British government as part of the Work Programme - a workfare programme whereby unemployed individuals must work for their unemployment benefits.