PracticeConsultingAmey bags £35m for DTI accounts

Amey bags £35m for DTI accounts

The Department of Trade and Industry has signed a £35m deal to outsource its accounting function to former construction company Amey plc.

The deal for Amey, now wholly focused on business support services, is thought to be its biggest accounting project to date, and sees the company take a bold step into the highly competitive world of outsourcing.

Outsourcing is a fast growing sector and the news of the contract announces Amey’s intention to compete with the Big Five who have shown great interest in the area as a developing business sector.

Though the deal is large, Amey anticipate taking even more work from the DTI through additional project work.

Chief executive Brian Staples said: ‘The contract has been structured in a flexible way to acknowledge the inevitable variations in the services required and the volumes of work processed.’

The Pounds 35m deal will run over 12 years and requires Amey to deliver services on all aspects of accounting ranging from core management accounting and VAT support through managing bank loans and levies to quality audits and treasury functions.

IT support will be provided by Cap Gemini Ernst & Young.

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