It’s a surprise that Serco is a FTSE 250 company — if market value were measured by press coverage and controversy it would surely be a FTSE 100 contender. That is perhaps inevitable for an outsourcing company that does “on government’s behalf, some of the hard things that citizens expect their governments to do, like deport some people and hold others in prison”, as Rupert Soames, chief executive, said this year.
Serco is not just high profile, it is also a very large company. It made revenues of £3.88 billion in 2020 and employs more than 50,000 people in the UK, Europe, North America, Asia Pacific and the Middle East. In addition to prisons and deportations, the company carries out government contracts from maintaining aircraft
