Interserve
Encyclopedia
Interserve plc is an international support services and construction company based in the UK
, with revenue of £1.9 billion and a workforce of 50,000 people worldwide. The company is headquartered in Reading, Berkshire
and is listed on the London Stock Exchange
. It is a constituent of the FTSE 250 Index
.
. In 1991 Tilbury acquired RM Douglas, another construction and civil engineering business, and became Tilbury Douglas. Through the 1990s it moved its focus away from property development and housebuilding and into the support services sector. In 2000 it was transferred from the construction sector to the support services sector in the FTSE
listing. To reflect this change it renamed itself Interserve in 2001. In 2006 Interserve acquired MacLellan, another support services business. In 2007 the Group acquired a 49 per cent stake in the Qatar-based Madina Group. In 2008 Interserve expanded into new markets in Abu Dhabi and Northern Europe.
contracts and provides support operations. The range of assets it covers includes hospital
s, school
s, office
s, military bases, industrial plant, bridge
s, waterworks
and road
s.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, with revenue of £1.9 billion and a workforce of 50,000 people worldwide. The company is headquartered in Reading, Berkshire
Reading, Berkshire
Reading is a large town and unitary authority area in England. It is located in the Thames Valley at the confluence of the River Thames and River Kennet, and on both the Great Western Main Line railway and the M4 motorway, some west of London....
and is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
. It is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
Interserve traces its origins to 1884, when the London and Tilbury Lighterage Company Limited was formed to transfer goods by barge to and from ships. However at an early stage dredging became its main business, and in the 1940s it moved into civil engineeringCivil engineering
Civil engineering is a professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including works like roads, bridges, canals, dams, and buildings...
. In 1991 Tilbury acquired RM Douglas, another construction and civil engineering business, and became Tilbury Douglas. Through the 1990s it moved its focus away from property development and housebuilding and into the support services sector. In 2000 it was transferred from the construction sector to the support services sector in the FTSE
FTSE
FTSE may refer to:* The FTSE Group* Stock market indices published by the FTSE Group, particularly the FTSE 100 Index on the London Stock Exchange* The Fundamental theorem of software engineering...
listing. To reflect this change it renamed itself Interserve in 2001. In 2006 Interserve acquired MacLellan, another support services business. In 2007 the Group acquired a 49 per cent stake in the Qatar-based Madina Group. In 2008 Interserve expanded into new markets in Abu Dhabi and Northern Europe.
Operations
Interserve is involved in all stages of the life cycle of buildings and industrial facilities. It undertakes construction, hires out equipment, undertakes maintenanceMaintenance, Repair and Operations
Maintenance, repair, and operations or maintenance, repair, and overhaul involves fixing any sort of mechanical or electrical device should it become out of order or broken...
contracts and provides support operations. The range of assets it covers includes hospital
Hospital
A hospital is a health care institution providing patient treatment by specialized staff and equipment. Hospitals often, but not always, provide for inpatient care or longer-term patient stays....
s, school
School
A school is an institution designed for the teaching of students under the direction of teachers. Most countries have systems of formal education, which is commonly compulsory. In these systems, students progress through a series of schools...
s, office
Office
An office is generally a room or other area in which people work, but may also denote a position within an organization with specific duties attached to it ; the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the...
s, military bases, industrial plant, bridge
Bridge
A bridge is a structure built to span physical obstacles such as a body of water, valley, or road, for the purpose of providing passage over the obstacle...
s, waterworks
WaterWorks
WaterWorks is a water park owned by Cedar Fair, located at the back of Kings Dominion in Doswell, Virginia. When it debuted in 1992, it was originally named Hurricane Reef...
and road
Road
A road is a thoroughfare, route, or way on land between two places, which typically has been paved or otherwise improved to allow travel by some conveyance, including a horse, cart, or motor vehicle. Roads consist of one, or sometimes two, roadways each with one or more lanes and also any...
s.