Servelec set to create 40 jobs

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Specialist IT systems provider Servelec is set to create 40 jobs, as interim results showed strong performance following its stock market listing.

The Sheffield-based firm saw revenue climb 29 per cent to £25m in the first half of 2014 and underlying operating profit rose 12 per cent to £5m.

Servelec Healthcare, which was part of the BT-managed National Programme for digital infrastructure in the NHS, saw five per cent increase in revenue to £7.4m.

The 300-strong company is now tendering directly with trusts as it exits the programme. Order entries rose by 87 per cent to £9.5m in the first half of the year.

Contract reviews in London and the South will end in October 2015, while the north of England’s 676 deployments will be retendered before July 2016.

Servelec has already delivered systems for West London, which is the first trust to leave the national programme.

Managing director Alan Stubbs said the change was “a great opportunity”. The creation of 40 new jobs in the next 18 months aim to capitalise on this.