After a poor financial performance in 2014, Serco Group PLC has announced that it is trading in line with expectations so far this year.

Last year, marred by a number of high profile contract scandals, resulted in an overall operating loss of £1.3 billion for the company, causing share values to plunge. Serco’s new CEO Rupert Soames reflected on the year claiming that “having confessed out sins and in taking the punishment, we are now ready to start on the road to recovery”.

2015 has been far from unblemished for the company. In April Serco let another contract slip, after its staff failed to properly sterilise equipment in a hospital in Western Australia.

However, Serco’s C-Suite will be looking forward to the imminent sale of Serco India, valued at $400 million; the company is selling off large parts of its BPO portfolio, as it intends to focus on public sector services from now onwards.

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