Tribal Group plc
Tribal appointed for Ofsted Early Years contract
Tribal Group plc (Tribal), a leading provider of professional services to the public sector in the UK and internationally, is pleased to announce that it has been appointed by Ofsted to deliver Early Years inspection services in the South region.
The new, five-year contract will have a value of approximately £64m and will see Tribal managing inspection services for 45% of early years providers, including nurseries and childminders, in England. The contract, which is scheduled to start on 1 September 2010, builds on Tribal's position as the largest provider of school and learning and skills inspection services in England.
Peter Martin, Tribal's Chief Executive, said:
"We are delighted with this opportunity to extend our relationship with Ofsted into this important area of work. We are also looking forward to welcoming the Ofsted staff transferring to Tribal, who bring with them great depth of expertise and experience in this sector.
"Our selection underlines Tribal's excellent track record as one of the leading private sector providers of educational services in the UK and strengthens our revenue visibility in the medium term."
Tribal already provides school and learning and skills inspection services to Ofsted for the South region under a six-year contract awarded in 2009, worth approximately £75m.
Tribal will make a further announcement when the contract has been finalised and signed.
End
For further information, please contact:
Tribal Group plc Telephone: 020 7323 7100
Peter Martin, Chief Executive
Steve Breach, Group Finance Director
Weber Shandwick Financial Telephone: 020 7067 0700
Nick Oborne
Stephanie Badjonat
Clare Thomas
Editors' note:
Tribal provides professional services focused on improving the delivery of public services in the UK and internationally. Our core markets are education, health and government. Tribal employs over 2,000 staff and its shares are quoted on the London Stock Exchange (TRB).
Links: Tribal Group plc website: www.tribalgroup.com