Niyamath Parveez

London is one of the major cities in the world and what happens there can usually be followed all around the world. There are so many countries around the world who will follow what happens in the city that it is inevitable that the influence will extend itself all around the globe. This means that many different companies will set out to make a mark on London as this is a great way to make an impact in other places. Having a plan for reaching new markets is extremely important and setting up a successful base in London is one of the most important areas to work in.

There are obviously concerns that the recession is still going to be in place for a while to come but there are emerging signs that London business is picking up. This is true for many different industries, with the feel across many different firms being one of optimism. One of the key areas for growth in this location is providing work for Government bodies and services. The vast majority of civil servant departments and buildings are in the City, so if there is work available in the region, firms that provide outsourcing are well suited to obtaining work.

One of the main firms who have shown that the recession is no barrier to financial success is Mitie. Mitie is a company that provides support services and property management work, which has enabled them to be in a key position to obtain many of the Government outsourcing jobs which have appeared in the UK of late. There has been a lot of pressure applied to the British Government to lower costs but retain jobs in the United Kingdom. This conundrum has been solved by the plethora of UK based firms capable of providing outsourcing services.

Mitie is fortunate enough to have earned the contracts for two major profile locations in London, which has helped them further their brand and reputation. The Tower of London is one of the most popular tourist landmarks in the city of London which means that people are flocking to it every day. Mitie provide the cleaning facilities at the Tower of London, which has been a cornerstone in the success that Mitie has posted this year. Any firm which makes half year profits during the recession is clearly doing well but one that manages to make half year profits in excess of £40m is doing an excellent job.

London is a great location but success relies on being in the right place at the right time. The need for local governments to reduce their labor costs but retain a quality level of service has helped outsourcing reach new levels. Britain is not unique in this behavior but it is fair to say that many other countries still regard the United Kingdom as a beacon of success and will try to imitate what is happening there. Mitie could just have positioned them in an excellent place to make money all over the world.