Serco Profits Soar Thanks to Immigration Spending
- Serco, a global outsourcing company, has received a £804 million boost in profits from government spending on immigration and justice services.
- The company is contracted by the Home Office and other global governments and operates immigrant detention and removal centers like Gatwick’s Brook House.
- UK and European immigration and justice spending has increased by over 90%.
Outsourcing giant Serco has experienced a significant boost in profits, with £804 million coming from government spending on immigration and justice services in the first half of the year.
The company saw a 90.5% increase in UK and European immigration and justice sales, reaching about £621 million. This strong performance contributed to a 9% year-on-year increase in underlying operating profit, amounting to £148 million for the six months ending June 30.
While Asia Pacific saw a 9.2% decline, the surge in demand in the UK and Europe offset it, resulting in an overall revenue increase of 11% to nearly £2.5 billion.
Gatwick’s Brook House detention centre, which is run by Serco
Serco CEO Mark Irwin stated that the company is capitalizing on the high demand for immigration accommodation and support services from national and local governments. Serco has established itself as a prominent player in this field and has continued to benefit from it over the years.
In addition to its Home Office contract for providing asylum seeker accommodations,
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