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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 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.
Debra Jayne White (born May 1962) is a British accountant and businesswoman. She was the chief executive (CEO) of Interserve from September 2017 until the end of 2019. In March 2020, the UK Government asked White to advise it on the establishment of a UK-wide network of testing centres in response to the COVID-19 pandemic.
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 ]
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Interserve Rail (formerly Clough Smith) [1] is a British engineering and facilities management company. Founded in 1910, it is a subsidiary of Interserve. History
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The first of its kind in the UK, it was built for Thames Water by a consortium of Interserve, Atkins Water and Acciona Agua. [2] It was opened by Prince Philip, Duke of Edinburgh, on 2 June 2010. [3] It was planned to provide up to 150 million litres of drinking water each day – enough for 900,000 Londoners.