Mitie has won a £100 million contract with Spanish banking giant Santander as the firm reported a steady start to the year.
Support services group Mitie has already secured 78 per cent of its expected total revenue for 2009, but the figure is slightly down on the 83 per cent secured this time last year.
The three-year integrated facilities management contract win with Santander will cover Santander’s entire UK corporate head office buildings portfolio of 33 sites in England, Scotland and Northern Ireland.
The firm’s facilities management division is benefiting from a move by many firms to outsource in a bid to cut costs.
But trading conditions in Mitie’s property management and asset management remain challenging in areas including interior fit-out and new build housing related activities.
A statement said: “Our high quality client base, strong order book and sales pipeline, good cash flow and robust financial position leave Mitie well placed to continue developing its business and take advantage of opportunities as they arise.
“The board remains confident in Mitie’s prospects for the future.”