Serco Group (SRP)

Sector:

Support

Index:

FTSE 250

221.20p
   
  • Change Today:
      2.80p
  • 52 Week High: 230.40p
  • 52 Week Low: 137.40p
  • Currency: UK Pounds
  • Shares Issued: 1,020.07m
  • Volume: 2,096,122
  • Market Cap: £2,256.40m
  • RiskGrade: 174

Serco secures £1bn MoD contract

By Michele Maatouk

Date: Thursday 06 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Serco said on Thursday that it has been awarded a contract by the Ministry of Defence to deliver its next-generation recruitment solution for the Royal Navy, the British Army, the Royal Air Force and Strategic Command.
The contract is valued at around £1bn over the initial seven-year term and up to £1.5bn should the Ministry of Defence elect to exercise all three one-year extension options beyond the initial term.

Serco said a 21-month mobilisation period is expected to begin in April, with most of the costs charged to profit as they are incurred. The new service is scheduled to start in early 2027.

Serco will be the prime contractor and, in conjunction with a team of delivery partners, will provide an end-to-end service from candidate attraction through to assessment, enlistment and onboarding into initial training.

Chief executive Mark Irwin, said: "It is a true privilege to be selected to partner with the UK Ministry of Defence in service of the nation's current and future Armed Forces. Serco has been working with the MOD for over 60 years, and we fully recognise the critical importance of recruiting and retaining the right number of well-trained personnel willing to serve and defend their country.

"Along with our partners, we have invested in the development of this solution since the procurement for AFRS was launched in 2021 and we are fully committed to ongoing collaboration with the MOD to ensure we adapt to current and emerging needs."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serco Market Data

Currency UK Pounds
Share Price 221.20p
Change Today 2.80p
% Change 1.28 %
52 Week High 230.40p
52 Week Low 137.40p
Volume 2,096,122
Shares Issued 1,020.07m
Market Cap £2,256.40m
RiskGrade 174

Serco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.99% below the market average85.99% below the market average85.99% below the market average85.99% below the market average85.99% below the market average
78.82% below the sector average78.82% below the sector average78.82% below the sector average78.82% below the sector average78.82% below the sector average
Price Trend
85.78% above the market average85.78% above the market average85.78% above the market average85.78% above the market average85.78% above the market average
93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average
Income
59.78% below the market average59.78% below the market average59.78% below the market average59.78% below the market average59.78% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average
Growth
60.06% below the market average60.06% below the market average60.06% below the market average60.06% below the market average60.06% below the market average
43.18% below the sector average43.18% below the sector average43.18% below the sector average43.18% below the sector average43.18% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 4
Sell 0
Strong Sell 1
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serco Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Aug-25 10-Apr-25
Paid 03-Oct-25 09-May-25
Amount 1.45p 2.82p

Trades for 01-Sep-2025

Time Volume / Share Price
16:38 280,097 @ 220.97p
16:35 2,115 @ 221.20p
16:35 3,134 @ 221.20p
16:35 5,022 @ 221.20p
16:35 646,755 @ 221.20p

Serco Key Personnel

CEO Anthony Kirby

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