Serco Group (SRP)

Sector:

Support

Index:

FTSE 250

212.40p
   
  • Change Today:
      0.20p
  • 52 Week High: 213.80p
  • 52 Week Low: 137.40p
  • Currency: UK Pounds
  • Shares Issued: 1,023.86m
  • Volume: 1,226,954
  • Market Cap: £2,174.67m
  • RiskGrade: 174
  • Beta: 0.01

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 212.40p
Change Today 0.20p
% Change 0.09 %
52 Week High 213.80p
52 Week Low 137.40p
Volume 1,226,954
Shares Issued 1,023.86m
Market Cap £2,174.67m
Beta 0.01
RiskGrade 174

Serco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.88% below the market average69.88% below the market average69.88% below the market average69.88% below the market average69.88% below the market average
57.65% below the sector average57.65% below the sector average57.65% below the sector average57.65% below the sector average57.65% below the sector average
Price Trend
76.16% above the market average76.16% above the market average76.16% above the market average76.16% above the market average76.16% above the market average
78.72% above the sector average78.72% above the sector average78.72% above the sector average78.72% above the sector average78.72% above the sector average
Income
40.88% below the market average40.88% below the market average40.88% below the market average40.88% below the market average40.88% below the market average
49.09% below the sector average49.09% below the sector average49.09% below the sector average49.09% below the sector average49.09% below the sector average
Growth
62.23% below the market average62.23% below the market average62.23% below the market average62.23% below the market average62.23% below the market average
52.81% below the sector average52.81% below the sector average52.81% below the sector average52.81% below the sector average52.81% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 4
Sell 0
Strong Sell 1
Total 12
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
  Final Interim
Ex-Div 10-Apr-25 29-Aug-24
Paid 09-May-25 04-Oct-24
Amount 2.82p 1.34p

Trades for 14-Jul-2025

Time Volume / Share Price
14:48 62 @ 213.40p
14:48 1 @ 213.40p
14:47 4 @ 213.40p
14:44 80 @ 213.80p
14:44 4 @ 213.40p

Serco Key Personnel

CEO Anthony Kirby

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