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Mitie eyes buy-ups after strong results

M&E and support services firm Mitie has reported strong interim results for the six months to 30 September 2008, adding it had funds available for possible acquisitions.

In its interim management statement published today the firm stated it had funding lines of £230 million available, and has also secured 97 per cent of its forecast revenue for the financial year.

It said the money was available to 'take advantage of value creating acquisitions and other opportunities…if the Board considers this to be appropriate'.

The company, which continues to focus on the outsource market, will also invest in its facilities management and business development capability.

Mitie will release its full-year results on 18 May.