Capita Share Price (CPI)

CPI - Capita Investor Summary

Capita is a leading business administration outsourcing service provider. The company has been a constituent of the FTSE 100 share price index since 2004, marking its position as a one of the UK's most significant companies. The company began in the mid 1980s as a part of the Chartered Institute of Public Finance and Accountancy and was shortly afterwards the subject of a management buyout, turning the division into an independent private company. The company currently operates from over 250 sites internationally, employing over 26,000 people, and within this the firm operates 22 call centre sites employing 500 staff on over three hundred contracts. Capita undertakes a significant amount of outsourced administration work on behalf of public bodies, including local authorities, TV licensing, the Driving Standards Agency and the London Congestion Charge. The company's Human Resources Division currently processes over £1.1 billion of wage payments a year (many public sector) whilst the education division processes absence information with 22,000 schools.

The company now offers a broad array of services across nine different markets: central government, local government, education, life and pensions, insurance, financial services, health, corporate and transport. The company has been able to expand aggressively through merger and acquisition and has brought previous strong names in their field under the Capita brand (for example transport/engineering consultancy Symonds Group was integrated into Capita's Property Consultancy as Capita Symonds). The company recorded revenues of £1.2 billion in 2008 with a pre-tax profit of £120 million.