Interserve

(asked on 11th February 2019) - View Source

Question to the Cabinet Office:

To ask Her Majesty's Government what assessment they have made of (1) the performance, and (2) the future of Interserve in the delivery of services commissioned by them or public bodies.


Answered by
Lord Young of Cookham Portrait
Lord Young of Cookham
This question was answered on 19th February 2019

The various contracting authorities, such as individual departments, manage their contracts with Interserve including monitoring of performance against each contract.

The Cabinet Office monitors the financial health of all of our strategic suppliers, including Interserve, and have regular discussions with the company’s management. Interserve announced on 06 February 2019 that it had agreed the key commercial terms of its deleveraging plan with its lenders, bonding providers and Pension Trustee. We welcome this announcement and recognise that it is a key milestone for the company in delivering the long term plan that it set out in 2018.

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