Mitie’s earnings forecast has been lowered in advance of its year-end statement, scheduled for release 24th March 2016.

Jefferies, the investment banking firm, has justified their decision to cut Mitie’s earnings forecast by alluding to the fears of a Brexit and the wider economic outlook for the UK in the coming year.

“It is clear from recent recruiter/outsourcer results that decision-making has paused and project work won’t revive in the second half,” Jefferies declared. The earnings revision comes amid the denunciation of Mitie’s management of an immigration detention centre at Heathrow, which was deemed “insanitary” and “dirty”.

Mitie has also been heavily criticised for its management of elderly and disabled facilities, which inspection firms had assessed as substandard. Both incidents are expected to influence Mitie’s business, making it difficult for the outsourcer to increase the prices charged in future contracts.

Recent NOA research has found that 73% of the UK outsourcing industry wants Britain to remain part of a reformed EU.

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Related: Barclays downgrades its MITIE investment rating