Interserve Contact Number
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Frequently Asked Questions
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How did Interserve start?
Interserve’s origins date back to 1884, when brothers Edmund and Augustus Hughes formed London and Tilbury Lighterage Company Limited, which specialised in transferring cargo between vessels. Between 1930 and 1950, the business diversified by moving into waste disposal and bought a civil engineering firm.
What happened to interserve group ltd?
In a pre-pack deal, the rest of the group was immediately sold to a newly incorporated company owned by lenders, Interserve Group Ltd, with a break-up of the company expected to follow. Interserve’s facilities management business was sold to Mitie in a deal completed on 1 December 2020.
Whats going on with interserve?
However, financial issues including problem contracts in Interserve’s energy-from-waste business led to profit warnings in 2017. The company was forced to restructure and refinance in March 2018. Its financial situation worsened in late 2018, and debt holders started discussing a further financial restructuring of the business.
What is the interserve ey deal?
Under a pre-arranged agreement, administrators EY were installed and the assets moved immediately to a group controlled by Interserve’s lenders. Interserve insisted that the deal would protect services and jobs. The company cleans schools and hospitals, runs catering and probation services, and manages construction projects.