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 Ratings2.8

Locations

Mitie is headquartered in
London, United Kingdom

Location Map

Latest Updates

Employees (est.) (Mar 2019)52,492(+8%)
Revenue (FY, 2019)£2.2 B
Share Price (Oct 2020)£0.3 (-5%)
Cybersecurity ratingAMore

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 & Director
Beverly Winrow

Beverly Winrow

Regional Director
Chris Copeland

Chris Copeland

Chief Marketing & Strategy Officer
Peter Dickinson

Peter Dickinson

Chief of Staff, General Counsel & Company Secretary
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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
Maxis 1, Western Road
Keynsham, GB
Trajectus Way
Northampton, GB
Business Park, 650 Pavilion Dr
Rutherglen, GB
35 Duchess Rd
Swords, IE
145 Lakeview Drive, Airside Business Park
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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 (15-Oct-2020)

353.1m

Closing stock price (15-Oct-2020)

0.3

Cash (30-Sept-2019)

96.4m

EV

615.1m
Mitie's current market capitalization is £353.1 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

£6.50 b£4.50 b£4.10 b

Sales Pipeline

£8.70 b£10.20 b

Daily Customers (Catering)

150 k

Energy Surveys Conducted

3 k
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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£110.80 m
CreativeventsAugust 13, 2012
UtilyxJanuary 10, 2012
Direct EnquiriesDecember 06, 2011
Service Management InternationalJuly 29, 2011
Environmental Property ServicesNovember 20, 2009£38.50 m
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Mitie Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Mitie Revenue Breakdown

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Mitie revenue breakdown by business segment: 5.6% from Catering, 16.7% from Cleaning & Environmental Services , 5.4% from Professional Services , 22.1% from Security, 37.4% from Engineering Services and 12.8% 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 Online and Social Media Presence

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Mitie News and Updates

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.

Mitie providing FM services at Cardiff field hospital

Mitie is supporting the British Coronavirus effort by providing cleaning, catering, portering, security and waste management services for the NHS Ysbyty Calon y Ddraig in Cardiff.

Accruent Partners with UK Facilities Leader Mitie to Drive Efficiencies and Generate Cost Savings for Clients

Accruent, the leading provider of solutions to manage the built environment, announced that it has entered a partnership with UK facilities management and professional services company Mitie to provide remote asset monitoring for Mitie’s facilities management clients. Mitie’s diverse customer base s…

Mitie launches thermal imaging service to combat COVID-19 spread

Mitie Security has launched a thermal imaging service to help businesses protect against the spread of COVID-19

Mitie to double energy productivity through EP100 initiative

The Climate Group’s EP100 initiative is a global scheme aimed at uniting corporates in a collective drive to increase energy productivity (i.e. achieving a higher economic output per unit of energy consumed). By joining the initiative, Mitie has committed to double its energy productivity, which wil…

Mitie unlikely to pay dividend as it cuts costs

Mitie does not expect to pay a dividend this year if overall trading does not improve and has pledged cost-cutting The post Mitie unlikely to pay dividend as it cuts costs appeared first on CityAM.
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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 ILUNION Facility Services, EMCOR Group and SPIE.

  • 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.