Are Serco in trouble?
Are Serco in trouble?
Two former executives at the private security company Serco have been cleared of concealing £12m in profits from electronically tagging criminals. Nicholas Woods and Simon Marshall were charged with defrauding the Ministry of Justice (MoJ) between 2011 and 2013.
Is Serco a government company?
Serco Group Pty Limited is a foreign-owned private company, deriving revenue from the provision of facilities management, immigration, justice and corrections services, health management services, fleet & marine services, and the provision and support of vessels under contract with the Commonwealth of Australia.
Why is Serco bad?
Serco, as well as its rival G4S, was accused of overcharging the Ministry of Justice on its contract to tag offenders. The firm issued a profit warning for 2014 as a result of the costs of becoming embroiled in an electronic tagging scandal.
Who did Serco take over from?
Serco will take over managing Brook House near Gatwick Airport, West Sussex, from May, the Home Office said. It will also run nearby Tinsley House as part of the £200m deal. In September 2017, the BBC’s Panorama filmed detainees apparently being mistreated.
Who is behind Serco?
Serco
| Type | Public limited company |
|---|---|
| Founded | 1929 (as RCA Services Ltd.) |
| Headquarters | Hook, Hampshire, England, UK |
| Key people | Sir Roy Gardner (chairman) Rupert Soames (CEO) |
| Revenue | £3,884.8 million (2020) |
How much does Serco CEO earn?
According to our data, Serco Group plc has a market capitalization of UK£1.4b, and paid its CEO total annual compensation worth UK£5.7m over the year to December 2019.
Why did Serco officers change their police reports?
Officers were also found to be writing that they reserved the right to later change their reports, raising fears they could try to attempt to dodge accountability. Serco said the issue occurred in the aftermath of its takeover of Brook House and has since been corrected.
Who is the current Chief Executive of Serco?
Rupert Soames group chief executive of Serco, said: “We are ending 2021 on a high note, having delivered a very strong operational and financial performance, despite all the challenges we faced during the year.
Who is the director of immigration for Serco?
Although not addressing specific allegations in a statement, Sarah Burnett, Serco’s operations director of immigration, said: “We have provided comprehensive evidence to demonstrate the accusations are untrue and there is no evidence to support them, only supposition and incorrect third-party commentary.”
