Mitie

OverviewSuggest Edit

Mitie is a provider of facilities management and professional services. It offers a wide range of specialist services including security, engineering services, cleaning, landscaping, energy and property consultancy, property maintenance, and custody support services. The company serves a variety of sectors, such as government, defense and aerospace, distribution and logistics, education, financial services, healthcare, information technology, leisure and hospitality, manufacturing, pharmaceuticals, professional services, real estate, retail, telecommunications and media, third sector, transport, and utilities.

TypePublic
Founded1987
HQLondon, GB
Websitemitie.com
Employee Ratings3

Latest Updates

Employees (est.) (Mar 2019)52,492(+8%)
Revenue (FY, 2019)£2.2 B
Share Price (May 2022)£0.5(+5%)
Cybersecurity ratingAMore
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Key People/Management at Mitie

Carlo Alloni

Carlo Alloni

Managing Director, Technical Services
John Wright

John Wright

Group Sales Director
Phil Bentley

Phil Bentley

Chief Executive Officer and Director
Beverly Winrow

Beverly Winrow

Regional Director
Chris Copeland

Chris Copeland

Chief Marketing & Strategy Officer
Jasmine Hudson

Jasmine Hudson

Group HR Director
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Mitie Office Locations

Mitie has offices in London, Bracknell, Keynsham, Northampton and in 2 other locations
London, GB (HQ)
The Shard, Level 12, 32 London Bridge St
Bracknell, GB
Western Rd
Keynsham, GB
Trajectus Way
Northampton, GB
Business Park, 650 Pavilion Dr
Rutherglen, GB
35 Duchess Rd
Swords, IE
145 Lakeview Drive, Airside Business Park
Show all (6)

Mitie Financials and Metrics

Mitie Revenue

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Mitie's revenue was reported to be £2.22 b in FY, 2019 which is a 0.8% increase from the previous period.
GBP

Revenue (H1, 2020)

1.1b

Gross profit (H1, 2020)

141.3m

Gross profit margin (H1, 2020), %

13.1%

Net income (H1, 2020)

62.7m

EBIT (H1, 2020)

22.7m

Market capitalization (13-May-2022)

772.5m

Closing stock price (13-May-2022)

0.5

Cash (30-Sept-2019)

96.4m

EV

1.0b
Mitie's current market capitalization is £772.5 m.
Annual
GBPFY, 2017FY, 2018FY, 2019

Revenue

2.1b2.2b2.2b

Revenue growth, %

(5%)4%1%

Cost of goods sold

1.9b1.9b1.9b

Gross profit

229.8m308.9m297.5m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Revenue

959.7m1.0b1.1b

Cost of goods sold

847.0m903.3m936.7m

Gross profit

112.7m137.6m141.3m

Gross profit Margin, %

12%13%13%
Annual
GBPFY, 2017FY, 2018FY, 2019

Cash

129.1m59.8m108.4m

Accounts Receivable

185.6m205.0m233.6m

Prepaid Expenses

22.7m21.3m27.1m

Inventories

6.8m6.9m5.6m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Cash

81.7m67.7m96.4m

Accounts Receivable

130.6m186.5m198.3m

Prepaid Expenses

31.3m23.4m31.4m

Inventories

6.1m4.8m3.2m
Annual
GBPFY, 2017FY, 2018FY, 2019

Net Income

(183.2m)(26.0m)30.9m

Depreciation and Amortization

37.9m26.3m20.6m

Inventories

3.2m(100.0k)400.0k

Accounts Payable

58.4m(21.2m)33.4m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Net Income

(5.5m)25.7m62.7m

Depreciation and Amortization

14.1m11.5m22.2m

Inventories

200.0k500.0k300.0k

Accounts Payable

(26.3m)2.7m(62.0m)
GBPFY, 2017

EV/EBIT

-20.5 x

EV/CFO

7.2 x

Revenue/Employee

37.9k

Debt/Equity

3.5 x

Debt/Assets

0.3 x

Financial Leverage

11.9 x

P/E Ratio

(3.9)
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Mitie Operating Metrics

FY, 2017FY, 2018FY, 2019

Order Book

£6.5 b£4.5 b£4.1 b

Sales Pipeline

£8.7 b£10.2 b

Daily Customers (Catering)

150 k

Energy Surveys Conducted

3 k

Mitie Acquisitions / Subsidiaries

Company NameDateDeal Size
Source8November 28, 2014
ProciusOctober 16, 2014
Complete CareJanuary 15, 2014
UK CRBs Ltd.August 14, 2013
Enara GroupAugust 31, 2012£110.8 m
CreativeventsAugust 13, 2012
UtilyxJanuary 10, 2012
Direct EnquiriesDecember 06, 2011
Service Management InternationalJuly 29, 2011
Environmental Property ServicesNovember 20, 2009£38.5 m
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Mitie Revenue Breakdown

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Mitie revenue breakdown by business segment: 39.0% from Engineering Services, 5.9% from Catering, 23.1% from Security, 5.7% from Professional Services , 17.4% from Cleaning & Environmental Services and 9.0% from Other

Mitie revenue breakdown by geographic segment: 95.7% from United Kingdom and 4.3% from Other

Human Capital Metrics

Mitie's employees are reported to be approximately 32% female and 68% male.
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Mitie Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Mitie Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Mitie Online and Social Media Presence

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Mitie News and Updates

Lucrative Covid-19 contracts drive profits at outsourcer Mitie

Outsourcer Mitie has lifted its profit guidance due to a string of Covid-linked contracts, which saw it clean Heathrow and The post Lucrative Covid-19 contracts drive profits at outsourcer Mitie appeared first on CityAM.

Mitie offloads document management business in £40m deal

Mitie today said it has agreed to sell its document management business to Swiss Post Solutions (SPS) for £40m. Mitie The post Mitie offloads document management business in £40m deal appeared first on CityAM.

Mitie doubles first quarter revenue on back of Interserve acquisition

Outsourcer Mitie today said that it had doubled its first quarter revenue as the firm’s acquisition of rival Interserve’s facilities The post Mitie doubles first quarter revenue on back of Interserve acquisition appeared first on CityAM.

Mitie renews £365m deal to run Covid-19 testing facilities

Outsourcer Mitie has today had its contract to run NHS coronavirus testing facilities extended by a year, in a deal The post Mitie renews £365m deal to run Covid-19 testing facilities appeared first on CityAM.

Mitie forecasts better year as customers start to spend again

Mitie has forecast a better-than-expected financial year as clients start to resume spending as lockdown restrictions ease.  The FTSE-listed outsourcer The post Mitie forecasts better year as customers start to spend again appeared first on CityAM.

Mitie snaps up Interserve facilities arm to create outsourcing giant

Mitie will buy the facilities management arm of rival outsourcer Interserve for £271m, the company announced today, creating a new The post Mitie snaps up Interserve facilities arm to create outsourcing giant appeared first on CityAM.
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Mitie Blogs

Andy Burnham unveils Mitie’s new northern technology hub

Mitie has unveiled its new Technical Services Operations Centre (TSOC) in Wythenshawe, Greater Manchester, showcasing its cutting-edge workplace technology   Officially opened by Andy Burnham, Mayor of Greater Manchester, the TSOC is Mitie’s new Hub... The post Andy Burnham unveils Mitie’s new north…

Andy Burnham unveils Mitie's new northern technology hub

Mitie has unveiled its new Technical Services Operations Centre (TSOC) in Wythenshawe, Greater Manchester, showcasing its cutting-edge workplace technology Officially opened by Andy Burnham, Mayor of Greater Manchester, the TSOC is Mitie’s new Hub for the North of England The new site marks Mitie’…

What is the link between FM and sustainability?

Pradyumna V. Pandit, MD of Sustainability and Energy Services at Mitie gives his insight on the link between FM and sustainability. As a sector that is often working behind the scenes, World FM Day... The post What is the link between FM and sustainability? appeared first on Mitie.

Mitie takes off with £3 million contract renewal at Bristol Airport

Mitie has renewed its baggage screening contract with Bristol Airport for three years, with the option to extend for a further two years, following a competitive retender process The new contract, worth £1 million... The post Mitie takes off with £3 million contract renewal at Bristol Airport appear…

Mitie wins triple gold in the Green Impact competition

Our Mitie Communities colleagues has won three awards in this year’s NUS Green Impact competition for contributing to sustainability at University College London Hospital (UCLH). What is Green Impact? Green Impact is a United Nations award-winning programme designed to... The post Mitie wins triple …
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Mitie Frequently Asked Questions

  • When was Mitie founded?

    Mitie was founded in 1987.

  • Who are Mitie key executives?

    Mitie's key executives are Carlo Alloni, John Wright and Phil Bentley.

  • How many employees does Mitie have?

    Mitie has 52,492 employees.

  • What is Mitie revenue?

    Latest Mitie annual revenue is £2.2 b.

  • What is Mitie revenue per employee?

    Latest Mitie revenue per employee is £42.3 k.

  • Who are Mitie competitors?

    Competitors of Mitie include Infosys, ILUNION Facility Services and EMCOR Group.

  • Where is Mitie headquarters?

    Mitie headquarters is located at The Shard, Level 12, 32 London Bridge St, London.

  • Where are Mitie offices?

    Mitie has offices in London, Bracknell, Keynsham, Northampton and in 2 other locations.

  • How many offices does Mitie have?

    Mitie has 6 offices.