[85][86] On 10 December, Interserve confirmed its deleveraging plan could result in "material dilution" for current Interserve shareholders;[87] shares dived,[88] eventually closing 53% down at 11.5p. According to the Information Commissioner . INTERSERVE CONSTRUCTION LIMITED was founded on 1935-07-24 and has its registered office in Birmingham. 42990 - Construction of other civil engineering projects not elsewhere classified. [69] On 11 May, Interserve said it would be investigated by the Financial Conduct Authority with regard to handling of inside information and market disclosures regarding its EfW business. [3] Lightering gradually declined due to the increase of road traffic, and dredging became the mainstay of the company. [137] Derbyshire and Derby City Council said they were preparing to cancel the 950m waste management contract,[138] which was formally terminated in early August 2019. No credit card required. Our vision is to redefine the future for people and places. [89] Fearing problems similar to those faced by clients after Carillion collapsed, the Labour Party urged the Government to bar Interserve from bidding for public contracts,[90] but the Cabinet Office insisted Interserve was different from Carillion. News 27 Oct 2022 Interserve Group, one of the UK's largest construction groups, has been fined 4.4 million by the Information Commissioner's Office (ICO) for failing to protect the personal data of employees in a cyber attack. Using the Builder's Profile is the simplest way to maintain your company PQQ Profile. [58] Three days later, Interserve was said to be struggling to agree a debt refinancing deal because Carillion's liquidation had spooked lenders;[59] Interserve denied the talks had stumbled. Tilbury Douglas Construction Limited30-40 EastcheapLONDONEC3M 1HD, Ingenuity HouseBickenhill LaneBirminghamB37 7HQT: +44 (0)333 207 4081, Registered in England and Wales: 01453893, Registered in England and Wales: 00303359. Tuesday, October 25, 2022. The acquisition of Douglas also brought with it the construction equipment company Rapid Metal Developments (RMD) a formwork and falsework manufacturer incorporated in 1948, together with joint ventures in Oman (Douglas OHI)[9] and United Arab Emirates (Khansaheb),[10] both of which were initially established by Douglas in 1981. The architect of Interserve was the wunderkind Adrian Ringrose, a politics graduate with zero construction experience, who joined the company in 2000 and three years later, aged 35, became chief . Construction group Interserve will pay 4.4 million, the fourth largest fine ever imposed by the Information Commissioner's Office (ICO). Interserve had approached the target with an offer believed to be in the region of 191m, or 170p per share; Mouchel had previously rejected two bids from Costain. [118] Interserve's board confirmed it had applied for the parent company to be placed into administration, and said it was pursuing the pre-pack option. Over the past year, Interserve Construction has featured in 22 contract award notices. Dawn Phillips Email Address . The Procure Partnerships (National) Framework Agreement will be available to all public sector Contracting Authorities as defined at Part 1 (Paragraph 2) of the Public Contracts Regulations 2015. Interserve Construction. About Interserve BIRMINGHAM Interserve is one of the world's foremost support services and construction companies. [91] Meanwhile, Interserve announced a 25m contract win at a Welsh hospital. Our weekly Cyber Flash Briefing round up of top open source news and 'Cyber Tip Tuesday' videos The former administrator, EY-Parthenon, was to continue work on these issues. Sun 23 Oct 2022 19.01 EDT Britain's data watchdog has fined the construction group Interserve 4.4m after a cyber-attack that enabled hackers to steal the personal and financial information of. On 22 September 2009 the OFT concluded that Interserve subsidiary Interserve Project Services Limited had engaged in illegal anti-competitive bid-rigging activities[208][209] and imposed a fine of 11,634,750. Construction Management is the highest circulation construction-based publication serving the UK built environment. The company registration number is 13857197, It's main line of business activity is Development of building projects, and the company is listed as Intermediate. Similar places nearby. The Information Commissioner's Office (ICO) has handed down a 4.4 million fine to construction group Interserve, after attackers stole personal information on more than 100,000 employees. The UK Information Commissioner has warned that companies are leaving themselves open to cyber attack by ignoring crucial measures like updating software and training staff. There are 22 unique titles across 5 public sector buyers. These showed a pre-tax loss of 6m, said 470 jobs were lost, and showed revenue dipping to 1,488m from 1,647m. A statement from Interserve Group spokesperson insisted it had cooperated with the ICO and National Cyber Security Centre to minimise the potential impact on the employees. 41201 - Construction of commercial buildings 42910 - Construction of water projects 41100 - Development of building projects Companies near to INTERSERVE CONSTRUCTION ltd. SWIME LTD - 71-75 SHELTON STREET, COVENT GARDEN, LONDON, UNITED KINGDOM, WC2H 9JQ [145] In March 2021, the construction business was renamed Tilbury Douglas;[147] Citizen Services was renationalised in June 2021,[148] and RMD Kwikform was sold four months later. Lovell said: Following the recent completion of Mitie Group plcs acquisition of the support services division, Interserve Group is now a smaller company focused around the remaining businesses, RMD Kwikform and the construction division. Interserve developed a plan, SustainAbilities,[182] in conjunction with sustainability adviser, environmentalist and writer Tony Juniper,[183] co-founder of The Robertsbridge Group,[178] that would measure the company's performance against its knowledge, natural and social capital, in addition to its financial capital. Interserve Group - the company created after Interserve plc's pre-pack administration - has been fined 4.4m by the Information Commissioner's Office (ICO) for a breach of data protection . A union representative therefore contacted a manager for the company and advocated the employment of the claimants on a contract awarded to IIS. [3] Company tug Danube V took part in pipelaying activities during July 1944, as part of Operation Pluto,[3] which brought together British scientists, oil companies and the armed forces in the construction of undersea oil pipelines under the English Channel between England and France to transport fuel supplies to Allied forces on the European continent. ncc_contracts_register BODY_NAME BODY Contract Reference Title of the Agreement Directorate/Service Responsible Description of Goods, Works and Services Procurement Route Contract A debt-for-equity plan was rejected in March 2019, and Interserve plc went into administration owing creditors over 100m. [2][17] To reflect this change it renamed itself Interserve in 2001. [104] However, an alternative Coltrane proposal (retaining a 10% equity share for shareholders) had also been put to Interserve, while EY had been put on standby to act as administrator. Contact details, working hours and directions. This data breach had the potential to cause real harm to Interserves staff, as it left them vulnerable to the possibility of identity theft and financial fraud.. Since the incident, most of Interserve Group has been either sold or spun off, with its construction arm Tilbury Douglas becoming a standalone contractor in June, although it remains owned by the same shareholders. More. You can change your cookie settings at any time. Interserve Group the company created after Interserve plcs pre-pack administration has been fined 4.4m by the Information Commissioners Office (ICO) for a breach of data protection law. 03333 601 600 . In 2020 alone, the company won over 84 projects totalling 465 million, including 28 healthcare projects and 16 new school projects, featuring nine SEND (Special Educational Needs) schools. [82] The share price slide continued into December (closing at 21p on 4 December), after, in Building, Specialist Engineering Contractors Group CEO Rudi Klein advised members not to work for Interserve if possible. We are seeing . A further 12.6m in losses on problem EfW contracts brought the total loss to date to 229.2m. "It also sought to reduce the risk of future incidents and successfully facilitate the safe and effective ongoing operations of Tilbury Douglas and the facilities management business acquired by Mitie Group plc. Interserve received various business and industry awards: Interserve was a member of Constructing Excellence,[202] The Business Services Association[203] and Build UK. [2] In 1888 the company expanded into dredging, securing a contract with the Port of London (PLA) to remove dredged ballast. Secured creditors would get no further cash from Interserve plc. [56], On 12 February 2018, accountancy firm Deloitte was drafted in advise ministers on public sector contracts held by Interserve. [18][19] After re-structuring to accommodate the acquisition,[20] Interserve announced it had discovered accounting irregularities in its Industrial Services business - an announcement that saw its share price fall by 14%. I would like to sincerely thank all our colleagues for their remarkable efforts, particularly in support of the UK governments covid-19 response.. Interserve GBI, PO Box 17750, Birmingham, B9 9NU . [60] On 26 February, Interserve's share price fell 12% to close at 57p. [216], For the Tilbury Douglas construction business separated from Interserve Group in 2022, see, Post-war civil engineering and contracting 19451990s, Notable projects constructed as Interserve, International Organization for Standardization, Royal Society for the Prevention of Accidents, Tilbury Contracting and Dredging Company Limited, BBC WW2 People's War - An Archive of World War Two Memories, "Despatch submitted to the Supreme Commander, Allied Expeditionary Force on the 16th October, 1944, by Admiral Sir Bertram H. Ramsay, K.C.B., M.V.O., Allied Naval Commander-in-Chief, Expeditionary Force", "Khansaheb Civil Engineering - UAE: History", "Message from Chairman of Gulf Contracting Co W.L.L. [149], Financial information for the company is as follows: "[34][35] On 18 December 2012 it was announced that the company had acquired Advantage Healthcare, a leading UK provider of healthcare at home services for 26.5m in cash. [3] The company, by then named Tilbury Contracting Group Limited,[2] applied for admission of its shares onto the London Stock Exchange and trading commenced on 12 October 1966.[4]. [93] The core principles of the deleveraging plan were reported to have been conditionally agreed between Interserve and its lenders on 21 December 2018,[94] but negotiations continued through January 2019, with the deal, excluding sale of RMD Kwikform, reported to be close to announcement on 3 February. Leaving the door open to cyber attackers is never acceptable, especially when dealing with peoples most sensitive information. After its financial situation worsened in late 2018, debt holders discussed further financial restructuring of the business. [119] The board later announced the group had been sold to a new company, to be called Interserve Group Ltd, controlled by Interserve's existing lenders. [125] In June 2019, it was reported that Interserve had collapsed owing creditors over 100m. [55] Market uncertainty following Carillion's liquidation continued, partly fuelled by a 30 January profits warning by Capita, after which Interserve's share price dropped nearly 20%. He added that the board was concerned that the deliberate nature of the evasions had gone undetected for so long despite internal and external audit scrutiny. 42910 - Construction of water projects. "[141] In March 2020, auditors red-flagged Interserve's finances as the company planned to break up its businesses. On October 24, 2022, the UK Information Commissioner's Office ("ICO") issued a 4.4 million fine to Interserve Group Limited for failing to keep employee personal . The fine relates to a data breach that took place on 2 May 2020, which the ICO believes was avoidable: Interserve disputes this. [78] In a 23 November trading update, CEO Debbie White said the group would unveil plans to tackle its debt mountain in early 2019 after revealing year-end net debt would be worse than expected, up to 625m-650m due to additional cash outflows on EfW projects and slow payments in Middle Eastern markets. The aim of I-Care is to bring the best of our existing cultural safety initiatives together with industry best practice, giving us a consistent, long-term and company-wide approach. [2] To reflect this change in the company's business profile, it successfully applied in 2000 to the London Stock Exchange to relinquish its listing within the construction sector of the market, but to re-list within the support services sector on the FTSE market list. The Financial Times reported the sale as including "the stakes are five in hospitals including University College London, Carlisle and Newcastle five in schools, two in prisons and several in defence establishments. Rocketreach finds email, phone & social media for 450M+ professionals. Get 5 free searches. These projects. Interserve commenced the roll out of I-Care behavioural training in 2019. 24 Oct Interserve Group Ltd has been fined 4.4m for failing to keep personal information of its staff secure. Key skills include: Key skills: Pre-construction management (under design & build and traditional procurement routes) Bid management / project management of tenders from 100k to 60m [173], The Observers "Good Companies Guide" 2008, compiled to establish Britain's most ethical companies[174] ranked Interserve in its top 20[175] out of all companies listed on the FTSE 350 Index, In 2012 Interserve established the Interserve Employee Foundation, a registered charity,[176] which as noted in the British Quality Foundation Achievement Award 2012 citation, aimed to "improve the quality of life and life chances for people in the community where they live and operate by utilising the skills, capabilities, resources and enthusiasm of Interserve's employees."[177]. that Interserve was to establish an Integrated reporting accounting system, a series of metrics that are designed to measure more than financial performance,[179] by contributing not only towards financial stability, but also sustainable economic development. April 2018: Announces 244m pre-tax loss for 2017 with net debt at year end standing at 503m . 1. Interserve Construction Limited is a Private Limited Company registered in ENGLAND with Companies House and the accounts submission requirement is categorised as FULL They have a massive 2,000 plus construction supply-chain servicing clients over public and private sectors and working on projects from house building across rail to health, education, office and industrial. [207] The investigation was described by the OFT as "one of the largest ever Competition Act investigations" and a total of 112 firms in the construction sector in England were implicated. [2] In 1965 the remaining fleet of dredging vessels was sold to Westminster Dredging Company Limited. Advanced company search. Paul Gandy, Managing Director for Tilbury Douglas, said: We are delighted to announce our new brand, website and logo. Get Stephen Home's email address (s*****@kmi.co.uk) and phone number at RocketReach. [21] This decline led to threats of legal action by former MacLellan shareholders, who had accepted shares in Interserve as part of the acquisition and saw the value of their holdings dramatically drop. [120], The administration and pre-pack process meant banks wrote off up to 800m in loans, while Coltrane, Farringdon and around 16,000 small shareholders all lost their investments. Interserve plc was formally wound-up in the High Court in January 2022. [39][40], On 14 September 2017, Interserve reported additional costs associated with quitting the energy-from-waste (EfW) sector. INTERSERVE CONSTRUCTION LIMITED is a Private limited company (Ltd.) company based in 71-75 SHELTON STREET COVENT GARDEN, United Kingdom, which employs 32 people. [38] In October 2014, Interserve benefitted from the UK Government's privatisation of the probation sector, securing contracts to run criminal justice services in five areas. Gone phishing: UK data watchdog fines construction biz 4.4m for poor infosec hygiene. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. The organization was set up as a joint endeavor with neighborhood business Al-Darwish, which additionally had the alternative of first refusal to purchase Interserve's stake in the JV . Interserve plc went into administration on 15 March 2019 after its shareholders voted down a deleveraging plan, resulting in its subsidiary companies being sold to the group's lenders in a pre . Interserve is now made up of our market-leading construction business - called Tilbury Douglas - our global . Included for comparison. [70] However, the share price tumbled 13% in early trading on 30 April after Interserve reported a 244m loss for 2017, with debts almost doubled from 274m to 502.6m; analysts anticipated a possible sell-off of Interserve's international support services and construction divisions. A UK government supplier has been held responsible for unwittingly opening the door to a 2020 cyber attack that saw the personal information of some 113,000 people stolen. Cyber attackers accessed the bank details, national insurance numbers and special category data including ethnicity, religion, sexual orientation and health conditions of up to 113,000 Interserve workers, an investigation has found. Interserve Construction Limited Home Show business description 0044 116 2691700 Interserve House, Ruscombe Park, Twyford, Berkshire UK Claim Business Claim listing is the best way to manage and protect your business. We offer advice, design, construction and support services for society's infrastructure and provide a range of equipment and expertise across a range of services. London, England, United Kingdom. It said it entered 2020 with a strong order book in key sectors. Filing history. 111 Old Broad St , London , EC2N 1AP Directions Tel 020 3457 9800 Website Home Office Fitting & Refurbishment London Office Fitting & Refurbishment near London Paragon Interserve Construction Ltd Share business: There are no reviews for this business, be first to write a review! The ICO found Interserve used outdated software systems and protocols; failed to follow up on the original alert of a suspicious activity; had a lack of adequate staff training; and carried out insufficient risk assessments. Major construction company Interserve has been fined 4.4 million by Britain's data watchdog. I am confident that with the new leadership teams and business plans in place they are well placed to continue to grow in the markets they serve. [22] The company was also forced to delay the official publication of its interim results to investors, so as "to verify the adjustment needed" as it sought to reconcile the misstatements. The company was also called upon to deliver the COVID-19 NHS Nightingale Hospital in Birmingham, completing the first phase in just 13 days and continued to deliver its critical infrastructure works throughout the pandemic. Builder's Profile will help us achieve efficiencies and below are some of the benefits you can expect: Removal of paper based forms saves time & reduces carbon footprint [158], In December 2020, Interserve was predominantly a construction group,[159] offering advice, design, construction and equipment services for infrastructure in the United Kingdom and worldwide. The company is based on CAPITAL TOWER, 91 WATERLOO ROAD, LONDON, ENGLAND, SE1 8RT. The said cyber attack took place in March 2020 when Interserve ran an outsourcing business. In October 2022, Interserve was fined 4.4 million for a breach of data protection law in May 2020. Experienced bid management professional providing winning work solutions across the Construction, IT and Business Services markets. The company broke data protection law by failing to put appropriate technical and organisational measures in place to prevent the unauthorised access of peoples information, the watchdog ruled. [107], On 27 February, Interserve announced its financial results for the year to 31 December 2018, recording a pre-tax loss of 111.5m on a turnover of 2904m (down 10.7% due to a drop in UK construction activity and tighter bidding criteria). [66], On 21 March 2018 Interserve announced it had agreed commercial terms with its main bankers for extra cash facilities of 197m and fresh bonding facilities up to 95m. [26][27][28][29] However, after conducting due diligence on the consulting group, Interserve reduced its indicative offer to a reported 151m, or 135p per share, and this was subsequently rejected. 24th October 2022 Interserve Group has been fined 4.4 million for breaching data protection law. Interserve is one of the world's foremost construction, ground shoring and citizen services companies and we have a workforce of circa 12,000 people worldwide. [57] On 21 February, Interserve announced it was closing its power lines business, putting over 70 staff at risk of redundancy. We use cookies to personalize and improve your experience on our site. [204], On 14 August 2006 the company announced to the London Stock Exchange that accounting issues relating to the mis-statement of accounting balances within its former Industrial Services Division had been uncovered. The attacker subsequently compromised 283 systems and 16 accounts, as well as uninstalling the companys anti-virus solution. [212] The claimants contended that a deliberate decision had been made not to recruit them because of their union activities and that their names had been blacklisted by the company. This year Tilbury Douglas expects to generate around 500 million of revenue from a range of projects across England, Wales and Scotland. It said it had also sought to reduce risks in systems supporting ongoing operations at Tilbury Douglas and in the facilities management business acquired by Mitie Group. Interserve Construction Why Builder's Profile. (UK geochart with 4 supplier locations.) Tilbury Group was headquartered in Reading and predominantly involved in building work in the South of England and in Scotland, while R M Douglas was headquartered in Birmingham and its strongest regional presence was in the Midlands and the North of England with a strong bias towards civil engineering projects. [214] The judgement was subject to an Employment Appeal Tribunal where the ruling was upheld in Interserve's favour. Interserve Construction fined over 4 million by UK ICO for cyber attack. In common with many major national and regional contractors in the post-war period, R M Douglas successfully bid for work in the construction of airfields and motorways where it completed various UK motorway building projects in the 1960s, 1970s and 1980s. In March 2021, Interserve resurrected the Tilbury Douglas brand for its construction and engineering services businesses. [180] The company joined the International Integrated Reporting Council worldwide pilot programme, comprising 85 companies,[181] which sought to develop a reporting system that communicates how an organisation's strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term. Head of Special Projects: NEWLON HOUSING TRUST, Property Surveyor: WESTMINSTER CITY COUNCIL, Senior Property Surveyor: WESTMINSTER CITY COUNCIL, Building/Quantity Surveyor: ECO TIFFIN LTD, Interserve revives Tilbury Douglas name in rebrand, Interserve hands over one of its last EfW plants, Interserve creditors 70.5m out of pocket, Contractors call for ban on use of PIR board on internal ductwork, HSE consults on building control professionals register, Fall from height: A survivors story the real-life repercussions, Grenfell Tower Inquiry reviews 320,000 documents. Interserve could trace its origins to 1884, when the London and Tilbury Lighterage Company Limited was formed to transfer goods by sailing barge to and from ships on the River Thames, London, England. Professional fees for the 2018 refinancing totalled 43m with a further 33m set to be paid in connection with the deleveraging plan. Last year also saw a limited cyber-attack against RMD Kwikform, which caused some disruption its operations but was smaller than a significant and sustained cyber-attack in May 2020 which caused considerable distress to the companys operations. [96], On 6 February, Interserve announced it had agreed a deleveraging deal with its lenders: it planned to raise 480m through a new share issue (accounting for 97.5% of the total issued share capital), reducing debts from over 600m to 275m, and retaining RMD Kwikform in the group. As the UK sought to rebuild infrastructure after World War II, the company established a civil engineering capability in the 1940s to participate in this activity; together with building these had become the company's focus by the 1960s. Now the ICO has revealed that an Interserve employee forwarded a phishing email, which was not quarantined or blocked by the companys systems, to a colleague who opened it and downloaded its content, resulting in the installation of malware onto their workstation. Office Manager @ Paragon - A Division of Interserve Construction. However, financial issues including problem contracts in Interserve's energy-from-waste business led to profit warnings in 2017. The incident began with an extremely common security violationone employee inadvertently forwarding a malicious email to anotherand ended with a 4.4 million fine . Interserve Construction. Preparing Dawn profile View Dawn's Email (It's Free) 5 free lookups per month. [126], Rival outsourcing firms including Mitie, Serco and Sodexo were reported to be considering bids to acquire Interserve's core support services business,[127] valued by lenders at around 300m. Review now Our location See anything wrong with this listing? Business of the company INTERSERVE INTERNATIONAL LIMITED by SIC and NACE code is "64209 - Activities of other holding companies not elsewhere classified". The Information Commissioner's Office (ICO) has fined Interserve Group 4.4m for failing to keep personal information of its 113,000 current and former staff secure. People. The incident began with an extremely common security violationone employee inadvertently forwarding a malicious email to anotherand ended with a 4.4 million fine . [92], Restructuring options included spinning off the 250m building materials unit RMD Kwikform to lenders, leaving the remainder of Interserve as a more focused support services business. Tilbury Douglas is a well-recognised historical brand in the construction sector and now represents our purpose of being a trusted construction and engineering partner, locally focussed and nationally strong, chosen for our commitment to customer needs. Sign up to the CM newsletter for free, delivered direct to your inbox. Interserve | 133,438 followers on LinkedIn. Its RMD Kwikform business, which was subject to a separate cyber-attack later in 2020 but not fined by the ICO, was sold to Altrad in October 2021, whileMitie bought Interserves facilities management operationin November 2020. [62][63] Interserve was reported to have cut 500 administrative staff in the last quarter and to be planning a further 1,000 job losses by the end of 2018. 2 March 2021 Interserve Construction Limited and Interserve Engineering Services Limited have today announced their intention to formally rebrand as Tilbury Douglas Construction Limited and Tilbury Douglas Engineering Limited, marking a new era for the construction and engineering companies. It's a. The UK Information Commissioner's Office (ICO) found that Interserve failed to put . [143], In June 2020, Mitie announced it was to buy Interserve's 40,000-strong facilities management business in a cash and shares deal initially worth 271m,[144] later valued at 190m (120m in cash and a 17.5% shareholding in Mitie).
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