Serco CE 'saddened and appalled' by latest allegations (update)

Serco’s H113 results got pretty well overlooked by the latest allegations of overcharging on its Prisoner Escorting and Custodial Services (PECS) contract with the Ministry of Justice (see here).

The first half results, for the period to 30 June, of course don’t show any impact from PECS or Serco’s other problems at the MoJ electronic monitoring services contract, which surfaced after the period end. The financial impact is likely to come in the second half of the year as costs are carried on cleaning up the mess, including the pay back of all profits from PECS, and any reimbursements on electronic monitoring.

Subscribers to TechMarketView’s Foundation Service can read our analysis of Serco’s H113 performance and prospects in UKHotViewsExtra here.

Posted by John O'Brien at '08:51' - Tagged: publicsector   bpo   bps   supportservices