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Record year for Mitie

Mitie has published a record set of results for the year ended 31 March 2008.

Pre-tax profits jumped 20 per cent to £67.9 million from £56.6 million the previous year. A 14.5 per cent leap in revenue saw it reach £1.4 billion.

The M&E and support services contractor’s order book has edged up to a record level of £4.4 billion from £4.1 billion last year. Its facilities services arm takes an 82 per cent share, 11 per cent to property services and the remaining 7 per cent in engineering.

The board has recommended a final dividend of 6 pence per share for the year up 17.6 per cent on 2007.

Chief executive Ruby McGregor-Smith said: “We have had an excellent year and have delivered record results. Our business is focused on growth through its strength in integrated facilities, property and engineering.

“We are confident in our ability to make progress in this economic climate and there are positive trading conditions across all three divisions. We are well positioned to deliver sustainable, profitable growth.”

Current non-executive chairman David Ord will retire at the firm’s AGM on 31 July. He will be replaced by non-executive director Roger Matthews.