Comments on: Serco Group leads 100 on 6 percent gain http://www.financemarkets.co.uk/2009/08/26/serco-group-leads-100-on-6-percent-gain/ Finance News | UK Personal Financial News & Daily Finance Market News Mon, 14 May 2012 17:44:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: BW http://www.financemarkets.co.uk/2009/08/26/serco-group-leads-100-on-6-percent-gain/comment-page-1/#comment-7443 BW Tue, 01 Sep 2009 21:46:26 +0000 http://www.financemarkets.co.uk/?p=12454#comment-7443 Interesting news regarding Serco. Having recently completed a 9 month assignment there they are a decent enough company but not this good. Sadly the majority of the financial data is unaudited & doesn't it seem just a little too good to be true when its competitors are doing "OK". They are not the favoured outsourcing company for the government and have divisions which lose money hand over fist. Unfortunately the board have a hands off management policy so frankly the divisional executives can project any figure they like back to the board. i think the picture would be very different under technical audit scrutiny. Interesting news regarding Serco. Having recently completed a 9 month assignment there they are a decent enough company but not this good. Sadly the majority of the financial data is unaudited & doesn’t it seem just a little too good to be true when its competitors are doing “OK”. They are not the favoured outsourcing company for the government and have divisions which lose money hand over fist. Unfortunately the board have a hands off management policy so frankly the divisional executives can project any figure they like back to the board. i think the picture would be very different under technical audit scrutiny.

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