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Interserve Construction Why Builder's Profile. [71] On 31 May, the operator of the Glasgow EfW scheme claimed Interserve owed 69m in additional costs;[72] in November 2018, Viridor said it expected to receive at least 64m from Interserve. UK Regulator Issues 4.4 Million Fine to Hacked Company On October 24th, the UK-based Interserve Limited ("Interserve"), a construction and support services business, was sent a monetary penalty notice of 4.4 million from the UK's Information Commissioner's Office ("ICO") for GDPR violations.1 The fine [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. This saw its UK and international construction businesses merged, with international boss Paul . The Information Commissioner's Office - the UK's independent regulator for data protection and information rights law - found that the construction company failed to put appropriate security measures in place to prevent a cyber attack. Epping Forest High School - Loughton. [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. [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. [133] In June 2019, chairman Glyn Barker was reported to be preparing to step down,[134] with Alan Lovell named as his successor in July 2019. [52] On 10 January 2018, Interserve warned that its debt was set to rise above 513m at the year-end due to redundancy costs and cash outflows from its legacy EfW projects. 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. [4] In 1938 the company's lighterage fleet was amalgamated with vessels owned by W H J Alexander Limited and Tate and Lyle Limited to form Silvertown Services Limited[3] and TCDC severed its links with its original business activity.[2]. [160][161][162][163][164][165][166][167][168], [a]: Restated to correct accounting misstatement in Industrial Services division. 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. [213] The Tribunal ruling supported the IIS evidence that the union tried to bully the company's manager into employing the three men, acted in a combative manner which was resented and that the company did not want to be dictated to about whom to employ. Supplier summary. Professional fees for the 2018 refinancing totalled 43m with a further 33m set to be paid in connection with the deleveraging plan. Get 5 free searches. The UK Information Commissioner's Office (ICO) found that Interserve failed to put . 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. Interserve plc was formally wound-up in the High Court in January 2022. [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. [2][17] To reflect this change it renamed itself Interserve in 2001. NASC Yearbook 2022 is now available to read in digital format. Interserves anti-virus mechanism quarantined the malware and sent an alert, but the company failed to thoroughly investigate the suspicious activity, a statement from the ICO said. This year Tilbury Douglas expects to generate around 500 million of revenue from a range of projects across England, Wales and Scotland. During administration, debt of 815m and over 200m in other liabilities was wiped out by stakeholders in exchange for equity in Interserve Group Limited. [140], In November 2019, Interserve announced an operational restructuring of the business; as a result, CEO Debbie White would leave the business, with CFO Mark Morris assuming some of her responsibilities. Net debt increased to 631.2m, and the company warned: "successful implementation of the Deleveraging Plan is critical to our future." [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%. [122] Mitie was repeatedly reported to be considering a bid of about 100m for the support services arm, which employs about 40,000 of the Interserve group's 45,000-strong UK workforce. We need readers to register with us to help sustain creation of quality editorial content on Construction Management. In March 2021, Interserve resurrected the Tilbury Douglas brand for its construction and engineering services businesses. INTERSERVE GROUP LIMITED. INTERSERVE CONSTRUCTION LIMITED is a Private limited company (Ltd.) company based in 71-75 SHELTON STREET COVENT GARDEN, United Kingdom, which employs 32 people. With a workforce peaking at over 700 the joint venture provides detailed design, construction and commissioning on a wealth of projects located across Cumbria and Lancashire. 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. At that time, the group generated revenue of 2.2 billion and had a workforce of 34,721 people. You can change your cookie settings at any time. Sign up to the CM newsletter for free, delivered direct to your inbox. [115] Coltrane warned Interserve's prospective administrator against arranging a pre-pack insolvency deal, demanding rigorous and comprehensive marketing, and holding out the prospect that Coltrane might acquire the company from the insolvency process. I-Care is a bespoke approach to health, safety and environment culture based on caring, doing the right thing and speaking up. [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. Thank you. 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. UK outsourcing firm Interserve has been fined 4.4 million for data protection failings that resulted in the company suffering a significant cyber attack in 2020. Jobs People . Interserve Construction saw its revenue slip from 747m at the end of 2018, to 485.3m for the year to 31 December 2019. Some of the key findings called out by the ICO are: - failure to follow up on alerts of suspicious activity - use of outdated software systems and protocols - lack of adequate staff training - insufficient risk assessments This left them vulnerable to an attack. No credit card required. The company had well-publicised struggles with a number of energy from waste plant projects and announced in 2016 that it would walk away from the sector, however several contracts dragged on into 2019. Gordon Kew, then the managing director of Interserve's UK construction business who would leave in August, says: "The whole energy-from-waste portfolio we expect to be out of this year." Viridor says Interserve owes it 69m on Glasgow scheme. While a phishing email had been detected, the Information Commissioner's Office said Interserve "failed to thoroughly investigate the suspicious activity". The Daily Telegraph reported that 'an investigation had discovered that controls in the division involving work in progress were, in the words of Lord Blackwell, chairman, "repeatedly evaded over several years in what appears to have been a concerted effort by certain divisional managers to over-state divisional results." [153], Interserve plc was officially wound up at the High Court on 21 January 2022, closing the administration process, though some outstanding issues relating to Interserve plc's stake in a Qatari business remained to be resolved, as did calculation of how much the company owed to HMRC. '[206], It was announced that in April 2008 the company became subject to an investigation by the Office of Fair Trading (OFT) under the terms of the Competition Act. Interserve Healthcare, Nursing Agency - Birmingham: photos and 1 review on Nicelocal.co.uk. [50], On 14 December 2017, it was reported that Interserve had secured 180m in short-term funding from its banks and had pushed back the test date for compliance with loan covenants to March 2018. Leaving the door open to cyber attackers is never acceptable, especially when dealing with peoples most sensitive information. Claim Business Report listing The new edition of Passive House Plus is available now. These projects. [64] On 8 March, a series of equity swap deals bolstered Interserve's share price;[65] the following day Interserve put its stake in the 200m Haymarket development in Edinburgh up for sale to help reduce its near 600m debts. [111] However, the Interserve board rejected this proposal,[112] while lenders lined up a precautionary 'pre-pack administration' that would wipe out existing shareholders but keep Interserve operating if the deleveraging plan was not approved. Headquartered in the UK and FTSE listed, we have gross revenues of 3.6 billion and a workforce of circa 80,000 people worldwide. The attacker subsequently compromised 283 systems and 16 accounts, as well as uninstalling the companys anti-virus solution. 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. These projects. through their commitment to wholistic ministry are agents of God's transformational work as He reveals Himself to the peoples of the Asian and Arab World wherever they may be found. [2] The company changed its name several times, eventually operating for 56 years as Tilbury Contracting and Dredging Company Limited (TCDC) from 1908. In a pre-pack deal, the rest of the group was immediately sold to a newly incorporated company owned by lenders, Interserve Group Ltd, and a break-up of the company followed. [48] On 13 November, Interserve was set to axe 200 jobs in a cost-cutting drive,[49] with further job losses expected. Similar places nearby. [51] Interserve also appointed a rescue specialist, Scott Millar, as chief restructuring officer. The value of the fine is 4,4 million ($4,9 million) and the organization is accused of failing to put in place appropriate cybersecurity measures. [23], In 2007 the group acquired a 49% stake in the Qatar-based Madina Group. [146], On 2 March 2021, Interserve announced it was rebranding its construction and engineering services businesses, resurrecting the Tilbury Douglas name. There are 44 company documents available. Interserve did not progress the bid and no formal offer was tabled. [53] Following the January 2018 collapse of Carillion, the Financial Times said Interserve was being monitored by the UK Government;[54] the report led to a 15% drop in Interserve's share price, later largely recouped - a market analyst said: "in the case of Interserve the arithmetic doesn't look anything like as bad as Carillion". [155] In the year to December 2019, it had a turnover of 480m but reported a 95m pre-tax loss. 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. Construction firm Interserve was the latest target of the Information Commissioner's Office (ICO)'s ongoing enforcement spree, following a 2020 phishing attack that compromised the personal data of up to 113,000 people. 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. [131] Interserve announced that Mark Whiteling, chief financial officer since September 2017, would be leaving the company;[132] and a dispute with Sandwell MBC over allegedly defective Interserve-built school buildings was reported. Lovell said that implementation of the companys crisis response plan as well as support from the UKs National Cyber Security Centre and the National Crime Agency ensured that there werent major impacts to customers, despite the operational challenges. 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. London, England, United Kingdom. [2], Interserve announced in November 2010 that it had acquired the US formwork and shoring business CMC Construction Services in a deal worth 22 million. Interserve received various business and industry awards: Interserve was a member of Constructing Excellence,[202] The Business Services Association[203] and Build UK. [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. Filing history. [148] On 6 October 2021, it was reported that RMD Kwikform was set to be sold to France's Altrad group for over 140m[149] - a sale confirmed the following day. There are 22 unique titles across 5 public sector buyers. 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. Nature of business (SIC) 41100 - Development of building projects. [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. As [] 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 . Failing to keep personal information of staff . The warning comes as the Information Commissioner's Office (ICO) issued a fine of 4,400,000 to Interserve Group Ltd, a Berkshire based construction company, for failing to keep personal information of its staff secure. Experienced bid management professional providing winning work solutions across the Construction, IT and Business Services markets. [156], In October 2022, Interserve was fined 4.4 million for a breach of data protection law in May 2020 which enabled hackers to access data on up to 113,000 Interserve employees. Interserve commenced the roll out of I-Care behavioural training in 2019. Rocketreach finds email, phone & social media for 450M+ professionals. [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%. [75] The business suffered a 6.6m loss from exiting the London construction business, and incurred 10.8m in restructuring costs and 32.1m in 'professional adviser fees' in connection with its refinancing. A debt-for-equity plan was rejected in March 2019, and Interserve plc went into administration owing creditors over 100m. [6] In June 1944, company tug Danube VI[7] participated in Operation Neptune, the D-Day invasion of Normandy, known as the Normandy landings by towing the 'Phoenix' (mulberry harbour breakwater units) and 'Whale' (floating roadway units that connected the mulberry harbour pier heads to the landing beaches),[8] as well as ammunition barges from Littlehampton across the English Channel to the Normandy beachhead. 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. I would like to sincerely thank all our colleagues for their remarkable efforts, particularly in support of the UK governments covid-19 response.. With a workforce peaking at over 700 the joint venture provides detailed design, construction and commissioning on a wealth of projects located across Cumbria and Lancashire. [145] The deal, cleared by competition authorities in November 2020,[145] had to be ratified by Mitie's shareholders and was expected to be completed by the end of November 2020, leaving Interserve focused on three remaining divisions: Interserve Construction, RMD Kwikform, and its Citizen Services group of businesses. [109] Interserve's 90m expenditure on fees (to investment bank Rothschild investment bank, broker Numis, lawyers Ashurst LLP and Slaughter and May, accountant Grant Thornton and PR firm Tulchan) was said to be equivalent to the cash the firm would have if its restructuring plan was successful with shareholders. [69] The refinancing news drove shares up almost 26% to 87.9p. As a result, the attacker compromised 283 systems and 16 accounts, uninstalled the company's anti-virus solution, and encrypted the personal data of current and former employees. 1. LexisNexis Webinars . Interserve blamed the losses on losses incurred in London on a number of projects and said it had exited non-core business areas during the year. Disposal of Interserve plc's 49% stake (valued in 2018 at 2.7m) in a Qatari business was delayed due to the COVID-19 pandemic restrictions in Qatar, so administrator EY was granted a two-year extension until March 2022. The removal centers around Interserve's stake in Qatari-based Al Binaa Contracting Company. 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. Nonetheless, the company said following the appointment of Nicholas Pollard as chair of the construction division and Pail Gandy as managing director in October 2019, it was well placed to benefit from local and national government investment. [2] In 1888 the company expanded into dredging, securing a contract with the Port of London (PLA) to remove dredged ballast. In June 2022, Tilbury Douglas fully separated from Interserve Group and became a standalone construction contracting company. Major construction company Interserve has been fined 4.4 million by Britain's data watchdog. Between 18 March 2019 and 1 December 2020 Interserve Limited ("Interserve") failed to process personal data in a manner that ensured appropriate security of the personal data using appropriate technical and organisational measures as required by Article 5(1)(f) and Article 32 GDPR. Get Stephen Home's email address (s*****@kmi.co.uk) and phone number at RocketReach. [4] In 1964, a Port of London Authority dredging contract ended, 76 years after it was first awarded, and the company ceased to operate as a dredging contractor in the UK. Interserve Construction saw its revenue slip from 747m at the end of 2018, to 485.3m for the year to 31 December 2019. for INTERSERVE CONSTRUCTION LIMITED (13857197), 41201 - Construction of commercial buildings, 42990 - Construction of other civil engineering projects not elsewhere classified, Companies House does not verify the accuracy of the information filed. 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 . 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. [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. The ICO has powers to pursue formal recovery action that can result in insolvency, and to nominate insolvency practitioners whose investigations can result in personal claims against directors. From 1991 it was known as Tilbury Douglas following a merger with RM Douglas, but in 2001 it rebranded as Interserve plc. [142], In April 2020, the period of administration of Interserve plc was extended. 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. [3] Lightering gradually declined due to the increase of road traffic, and dredging became the mainstay of the company. 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.. 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. ncc_contracts_register BODY_NAME BODY Contract Reference Title of the Agreement Directorate/Service Responsible Description of Goods, Works and Services Procurement Route Contract [47], On 20 October 2017, the company was awarded a 227 million contract to provide facilities management services to the Department for Work and Pensions. info@interserve.org.uk [150], In January 2022, Kier Group was reported to be in advanced talks to acquire Tilbury Douglas,[151] with speculation Kier might pay around 50m for the almost-500m turnover contractor. [159] Following the December 2020 sale of its FM operations to Mitie, Interserve was focused on three remaining divisions: Interserve Construction, RMD Kwikform, and the Citizen Services group of businesses. Interserve Construction Limited is a Private Limited Company registered in ENGLAND with Companies House and the accounts submission requirement is categorised as FULL "[141] In March 2020, auditors red-flagged Interserve's finances as the company planned to break up its businesses. The incident began with an extremely common security violationone employee inadvertently forwarding a malicious email to anotherand ended with a 4.4 million fine . In October 2022, Interserve was fined 4.4 million for a breach of data protection law in May 2020. [172], From 2002, the company published a corporate social responsibility report section, as a means of social accounting, within its Annual Report and Financial Results. With a dedicated regional network of offices and with an outstanding track record in delivering projects, we are here to help deliver for clients and communities building a better future together. Interserve Group Ltd - the parent company of the Interserve construction business - was fined 4.4m for multiple GDPR contraventions culminating in a data breach affecting 113,000 employees. The Information Commissioner's Office said the Berkshire-based company failed to exercise good security hygiene, missing .

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