Capita Group, which provides a variety of professional services, has announced that they have secured a number of substantial contracts this year. These contracts, worth approximately £767 million, were secured during the first quarter of 2009. Capita is one of the top outsourcers in the UK.
One of these contracts was secured with the Learning and Skills Council. The value of the contract is £68 million, spread over a four-year period. Capita also secured a contract with the Office for National Statistics. According to the terms of the contract, Capita will provide a number of temporary employees who will all be trained to work on the Census that is scheduled to occur in Wales and England in 2011.
According to Capita, the outsourcing market continues to remain solid despite the economic crisis. The company has said that its strategy of acquiring smaller business has proven to be quite effective. Capita added that they would continue to utilise this growth strategy throughout the rest of the year as well.
Capita has a number of bids that are still outstanding. They have estimated these bids to be worth more than £3 billion with each worth a minimum of £10 million.
Capita said “We remain confident that the areas across the group that are potentially affected by the current volatile economic climate represent less than 10% of our group revenues and this risk has been factored into our business plans for 2009.”