ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

CPI Capita Plc

13.32
0.12 (0.91%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Capita Plc LSE:CPI London Ordinary Share GB00B23K0M20 ORD 2 1/15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.12 0.91% 13.32 13.30 13.34 13.46 13.00 13.00 3,918,508 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 2.81B -178.1M -0.1057 -1.26 224.04M

Capita PLC Capita awarded contract by Standards and Testing Agency

12/07/2018 7:00am

UK Regulatory


 
TIDMCPI 
 
Capita awarded six-year contract by DfE's Standards and Testing Agency 
 
Capita plc (Capita) has been selected by the Department for Education's 
Standards and Testing Agency (STA) to manage the administration, processing and 
support for all primary school national curriculum assessment (NCA) tests in 
England. The six-year contract, covering the 2020 to 2024 test cycles, is worth 
approximately GBP109 million, with the new service starting in September 2019 
following a phased implementation and transition from September 2018. 
 
The award of this contract will see STA moving to a single-supplier model to 
oversee the delivery of NCA test operations. Capita will manage the end-to-end 
process for these services, which involves the printing, distribution, and 
collation of over 9 million test papers annually for key stage 1 and key stage 
2 tests and the phonics screening check, as well as administering the marking 
of four million key stage 2 test papers annually. 
 
Capita's enhanced digital solution will provide 16,000 schools and 4,000 test 
markers with a new secure access portal, providing a more efficient service 
which will allow them to review the status of the test process, obtain results 
and update and download records in one place. 
 
This contract is aligned to Capita's strategy to be a partner to central 
government, harnessing Capita's proven software capabilities and leveraging its 
extensive experience of managing and integrating large scale public service 
operations. 
 
Jon Lewis, Chief Executive Officer, Capita, said: "Capita is an established and 
experienced partner to the education sector and this contract further 
reinforces our strategy.  We look forward to using our technology and service 
management capabilities to identify and deliver efficiencies and improvements 
ensuring both value for money and a positive experience for schools across 
England." 
 
                                     ENDS 
 
Notes to editors: 
 
The total IFRS 15 transaction price of the initial six-year contract is GBP105m, 
plus a subsequent pre-priced one-year extension price of GBP23m, subject to STA 
taking up the option to extend the contract. 
 
Capita is already a strong player in education, via market-leading products 
such as Capita One, its school management information suite, SIMS. Capita has 
been responsible for administering the Teachers' Pensions since 1996 and is 
also a partner in Entrust, a joint venture with Staffordshire County Council to 
deliver services to schools. 
 
Government Services has been identified as a key area for growth for Capita. 
Our Government Services division delivers multi-service strategic partnerships; 
IT and digital transformation; revenues, benefits, and education support; 
customer management, and property and back-office processing. Capita is 
committed to exploiting its expertise in data, analytics, robotics and 
digitisation to support growth in this market. 
 
Investor enquiries 
 
Andrew Ripper, Head of Investor Relations 
Fiona O'Nolan, IR Director 
 
Tel: 020 7654 2220/020 7654 2281 
Email: IRteam@capita.co.uk 
 
Media enquiries 
 
Capita press office 
Tel: 0207 654 2399 
Email: media@capita.co.uk 
 
Capita is a leading provider of technology enabled business services, operating 
across five key markets: Software; People Solutions; Customer Management; IT 
Services and Government Services. Working across the UK, Europe, India and 
South Africa, we use our expertise, talent and technology to partner with our 
clients to transform services and add value for all their stakeholders. Capita 
is quoted on the London Stock Exchange (CPI.L). Further information on Capita 
can be found at: http://www.capita.com 
 
LEI no. CMIGEWPLHL4M7ZV0IZ88. 
 
 
 
END 
 

(END) Dow Jones Newswires

July 12, 2018 02:00 ET (06:00 GMT)

1 Year Capita Chart

1 Year Capita Chart

1 Month Capita Chart

1 Month Capita Chart

Your Recent History

Delayed Upgrade Clock