Mitie enjoy good fortunes in 2011

Construction giants Mitie are one of the companies flourishing in the recession and have announced big profits in the last year.

In their latest financial figures, Mitie have announced profits of 9%, a 10% increase in turnover and a huge order book for 2011/12.

Mitie’s order book is at a record high, and they have already secured £6.8 billion worth of contracts for the next year. This is thanks to big contracts with corporations like Vodafone and Rolls Royce.

The reason Mite have enjoyed such immense success in the last few years is because they have capitalised on the private sector and have reportedly secured 75% of new contracts in the private sector of the last year.

Mitie join the likes of Balfour Beatty, Galliford Try and Kier in posting big profits despite the current financial struggle in the UK is embroiled in.

The positive factor in these statistics is that Mitie took on 5,000 new employees in the UK over the last year. This shows that they are helping the construction industry and creating plenty of jobs for contractors all over the UK.

What do you think of Mitie’s financial results? Let us know and comment on here or on the Train4TradeSkills Facebook and Twitter pages.

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About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on May 24, 2011, in construction jobs, construction news, Electrical News, electrician jobs, plumbing jobs, Plumbing News, train4tradeskills and tagged , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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