OverviewSuggest Edit

Serco provides public services. Its services include defense, health, justice and immigration, transport, and citizen services. The Company also offers non-clinical support services to hospitals, environmental and leisure services, as well as a range of front, middle, and back-office services to public sector customers; and IT services.
TypePublic
Founded1929
HQHook, GB
Websiteserco.com

Latest Updates

Employees (est.) (Dec 2018)40,384(-5%)
Job Openings1,118
Revenue (FY, 2018)£2.8 B(-3%)
Share Price (Oct 2017)£1.2 (+2%)

Key People/Management at Serco

Rupert Soames

Rupert Soames

Group Chief Executive Officer
Dave Dacquino

Dave Dacquino

Chairman & Chief Executive Officer
Roy Gardner

Roy Gardner

Chairman
Gary Shankman

Gary Shankman

Senior Vice President & Chief Financial Officer
Angus Cockburn

Angus Cockburn

Group Chief Financial Officer
Candy Curtin

Candy Curtin

Senior Vice President of Human Resources
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Serco Office Locations

Serco has offices in Hook, Lancing, London, Colorado Springs and in 14 other locations
Hook, GB (HQ)
16 Bartley Wood Business Park, Bartley Way
Lancing, GB
Aspect House, Spencer Rd
London, GB
4th Floor, 100 Victoria St
Sydney, AU
Level 24, 60 Margaret Street
Brussels, BE
Avenue de Cortenbergh 60
Toronto, CA
330 Bay St #400
Show all (18)

Serco Financials and Metrics

Serco Revenue

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Serco's revenue was reported to be £2.84 b in FY, 2018 which is a 4% decrease from the previous period.
GBP

Revenue (H1, 2019)

1.5b

Gross profit (H1, 2019)

138.6m

Gross profit margin (H1, 2019), %

9.4%

Net income (H1, 2019)

(1.4m)

EBIT (H1, 2019)

17.2m

Market capitalization (31-Oct-2017)

1.3b

Closing stock price (31-Oct-2017)

1.2

Cash (30-Jun-2019)

173.4m
Serco's current market capitalization is £1.3 b.
Annual
GBPFY, 2016FY, 2017FY, 2018

Revenue

3.0b3.0b2.8b

Revenue growth, %

(5%)(2%)(4%)

Cost of goods sold

2.8b2.7b2.5b

Gross profit

243.4m248.9m290.2m
Half Year
GBPH1, 2016H1, 2017H1, 2018H1, 2019

Revenue

1.5b1.5b1.4b1.5b

Cost of goods sold

1.3b1.4b1.2b1.3b

Gross profit

166.5m133.4m126.8m138.6m

Gross profit Margin, %

11%9%9%9%
Annual
GBPFY, 2016FY, 2017FY, 2018

Cash

177.8m112.1m62.5m

Accounts Receivable

543.5m506.5m227.1m

Inventories

22.4m17.4m22.9m

Current Assets

759.6m657.5m644.2m
Half Year
GBPH1, 2016H1, 2017H1, 2018H1, 2019

Cash

166.2m117.8m50.3m173.4m

Accounts Receivable

561.2m563.0m575.8m315.0m

Inventories

27.6m16.6m20.8m18.9m

Current Assets

778.0m723.0m655.9m799.4m
Annual
GBPFY, 2016FY, 2017FY, 2018

Depreciation and Amortization

26.2m25.8m42.4m

Inventories

1.3m3.7m(5.0m)

Accounts Payable

(83.4m)(37.2m)6.3m

Cash From Operating Activities

(62.3m)(15.8m)2.7m
Half Year
GBPH1, 2016H1, 2017H1, 2018H1, 2019

Cash From Operating Activities

(25.4m)(33.0m)(40.7m)19.3m

Purchases of PP&E

(7.8m)(10.2m)(13.1m)(8.9m)

Cash From Investing Activities

17.3m(3.2m)(16.4m)(7.6m)

Long-term Borrowings

(135.8m)(3.8m)(22.3m)
GBPY, 2019

Financial Leverage

3.4 x
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Serco Operating Metrics

Serco's Orders was reported to be 500 in FY, 2016.
H1, 2015FY, 2015H1, 2016FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019

Bookings

£11.50 b£10 b£9.70 b£9.90 b£10.80 b£10.70 b£11 b£12 b

Order Intake

£1 b£900 m£2.50 b£2.40 b£3.40 b£1.60 b£2.90 m£3.30 b

Orders

400 700 500 500

Book-to-bill Ratio

130%100%120%100%
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Serco Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
BTP SystemsOctober 24, 2017
MBS - BPO BusinessDecember 19, 2012
DMS MaritimeNovember 07, 2012£82 m
Vertex Public Sector LtdJune 11, 2012£55.50 m
John Buck International PropertiesDecember 29, 2011
ExceliorOctober 20, 2011$13.20 m
Intelenet Global ServicesJune 01, 2011£385 m
Serco Listening CompanyMarch 15, 2011$42.10 m
SI InternationalDecember 28, 2008
Infovision GroupDecember 12, 2008£13.30 m
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Serco Revenue Breakdown

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Serco revenue breakdown by geographic segment: 12.1% from Middle East, 19.3% from AsPac, 22.8% from Americas and 45.9% from UK&E

Serco Online and Social Media Presence

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Serco News and Updates

Serco to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on 14 November 2019

LONDON, Nov. 7, 2019 /PRNewswire/ -- Serco (LON: SRP, Pink: SCGPY) based in Hook, and focused on public services, today announced that Head of Investor Relations Stuart Ford will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on November...

UK accounting watchdog fines Deloitte partner in Serco Geografix audit misconduct

Britain's accounting regulator said on Tuesday it has fined Deloitte's audit engagement partner Ross Howard for misconduct in the audit of Serco Geografix's 2012 financial statements.

Serco Awarded $32 Million contract to provide Psychological Health Services to U.S. Navy

HERNDON, Va., Oct. 1, 2019 /PRNewswire/ -- Serco Inc., a provider of professional, technology and management services, today announced the award of a contract to continue its support to the Bureau of Medicine and Surgery (BUMED) Psychological Health Outreach Program (PHOP). The recompete...

Serco Wins Position on a $18 Million Shore Modernization Multiple Award Contract to Continue Supporting NIWC Pacific

HERNDON, Va., Aug. 19, 2019 /PRNewswire/ -- Serco Inc., a provider of professional, technology, and management services, announced today that the U.S. Naval Information Warfare Center (NIWC) Pacific has awarded Serco one of four contracts on a Special Projects and Electronic Systems...

Serco Awarded Position on $2.45 Billion U.S. Navy ID/IQ Contract Vehicle

HERNDON, Va., Aug. 12, 2019 /PRNewswire/ -- Serco Inc., a provider of professional, technology, and management services, announced today that the Naval Information Warfare Systems Command (NAVWAR) has named the Company as one of six award winners for an indefinite delivery, indefinite...

Serco powers ahead of outsourcing crowd

Serco shares rose today after it reported a nearly one-third jump in first-half underlying profit. The outsourcer, which has increasingly [...] The post Serco continues to power ahead of outsourcing crowd after US deal appeared first on CityAM.
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Serco Frequently Asked Questions

  • When was Serco founded?

    Serco was founded in 1929.

  • Who are Serco key executives?

    Serco's key executives are Rupert Soames, Dave Dacquino and Roy Gardner.

  • How many employees does Serco have?

    Serco has 40,384 employees.

  • What is Serco revenue?

    Latest Serco annual revenue is £2.8 b.

  • What is Serco revenue per employee?

    Latest Serco revenue per employee is £70.2 k.

  • Who are Serco competitors?

    Competitors of Serco include Aramark, Tata Consultancy Services and Wipro.

  • Where is Serco headquarters?

    Serco headquarters is located at 16 Bartley Wood Business Park, Bartley Way, Hook.

  • Where are Serco offices?

    Serco has offices in Hook, Lancing, London, Colorado Springs and in 14 other locations.

  • How many offices does Serco have?

    Serco has 18 offices.