Serco
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Serco Group plc
Type Public (LSE: SRP)
Founded 1929
Headquarters Hook, England, UK
Key people Kevin Beeston, Chairman
Christopher Hyman, CEO
Industry Business Services
Revenue £2,810.7 million (2007)
Operating income £123.2 million (2007)
Net income £82.4 million (2007)
Employees 47,000 (2007)
Website www.serco.com

Serco Group plc (LSE: SRP) is a Business Services company based in Hook, North Hampshire in the United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

Serco was founded in 1929 as a United Kingdom division of the Radio Corporation of America and initially provided services to the cinema industry.1 It changed its name to Serco in 19871 and has been a London Stock Exchange listed company since 1988.1

Operations

The Guardian has called Serco 'probably the biggest company you've never heard of'2. It has grown in recent years thanks to the ongoing privatisation of public services and outsourcing of government services in the UK.

Serco operates in various sectors:

  • Aviation: Serco provides air traffic control services at international airports in Dubai, Bahrain and at some smaller airports in the USA.23 Since 2004 Serco have also had £5m a year from the US government to manage airports in Iraq.24
  • Driver's licensing: Serco, through a purpose-made division Serco DES, holds a 10 year, $114 million contract with the Province of Ontario to operate the province's DriveTest driver examination centres. These tests include vision, road, and knowledge tests for all persons seeking to become a licensed automobile driver in the province. 32
  • Serco also administers a number of publicly funded websites in the UK, including the Business Link website.34

Serco operates in Continental Europe, the Middle East, the Asia Pacific region and North America, but the majority of its turnover still comes from the UK.

External links

References

  1. ^ a b c Serco: History
  2. ^ 'Happy, Touchy Feely and Driven by God', Jane Martinson, The Guardian, 24/02/06
  3. ^ Transport for London: Franchise
  4. ^ Australia's Great Train Journies
  5. ^ Department for Transport: Serco NedRailways announced as Preferred Bidder
  6. ^ Serco preferred bidder for Dubai metro operations contract, Railway Gazette International 2007-07-01, retrieved 2008-03-15
  7. ^ Milanese run København Metro, Railway Gazette International 2008-01-08, retrieved 2008-03-15
  8. ^ Serco website - rail operations
  9. ^ Serco to run Britain's first traffic control unit
  10. ^ Managing NPL
  11. ^ Home Office: Electronic tagging
  12. ^ Corporate Watch: Virtual Private Prisons
  13. ^ Home Office: Yarls Wood
  14. ^ Home Office: Colnbrook
  15. ^ Wackenhut Corrections wins prisoner escort contract
  16. ^ Prision Privatisation
  17. ^ Department of Corrective Services: Acacia Security Management Contract
  18. ^ PFI deals help Serco to record order book of £10bn
  19. ^ Airport of Embarkation
  20. ^ a b c Serco Business Review Page 20
  21. ^ Serco Sodexho and the real story about work choices
  22. ^ Defence Academy
  23. ^ Serco awarded Federal Air Traffic Control Contract in US
  24. ^ Serco wins Iraqi Air Traffic Deal
  25. ^ Private Finance Initiative - Norfolk and Norwich University Hospital
  26. ^ Leicester Royal Infirmary: Hospital Cleaning
  27. ^ So you thought it was Tony and Gordon in charge?
  28. ^ Bradford: Concerns about education privatisation
  29. ^ Chris Hyman: Can Serco take over the World?
  30. ^ Best school in town and still they want to close it
  31. ^ A window opens on pupils' progress
  32. ^ Government of Ontario
  33. ^ Serco picks agency to help it beef up marketing
  34. ^ Enlightenlive
  35. ^ Southwark voluntary and community groups to receive PCs from serco
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