MyCSP is a pension administration company that specializes in the management of Defined Benefit pension schemes. The company offers a range of services including pension administration, training, and consultancy for government and ex-government bodies. MyCSP primarily serves the public sector, providing tailored pension services to over 1.5 million members across more than 250 organizations. It is based in Cheadle, England.
Latest MyCSP News
Dec 4, 2023
UKHotViews Capita has announced the sale of its 75% stake in FERA Science Ltd to Bridgepoint Group for £60m. Fera was established in 2015 as a joint venture between Capita (75%) and DEFRA (25%) to operate the Food and Environment Research Agency (FERA) over a ten-year period at a time when Government/private sector JVs were all the rage (other examples being Axelos, MYCSP, ENTRUST etc…). Capita acquired its share of the JV for £20m and then took responsibility for providing scientific services back to DEFRA, its network and the Health and Safety Executive. Capita also took on c.400 scientists at a site near York as well as a research and partnership centre of excellence at Newcastle University. FERA specialises in environmental testing, research, and advisory and assurance services for both the public and private sectors (for example, think developing tests for horse meat in supermarket mince products). The deal values the joint venture at £80m and represents a 10.8x multiple on a 2022 standalone EBITDA of £7.4m. The sale of FERA and Capita’s travel and events business ( see here ) brings to a close the programme of disposals from its ‘Portfolio’ division that has been a key component of outgoing CEO Jon Lewis’s strategy to pay down debt, and sharpen the business’s focus. Whilst selling the likes of FERA and Axelos most definitely improves the company’s focus they were profitable businesses that demonstrated Capita’s commercial innovation at a time when Government was looking to the private sector for help in slimming down the state.
MyCSP Frequently Asked Questions (FAQ)
Where is MyCSP's headquarters?
MyCSP's headquarters is located at Park Square, Bird Hall Lane, Cheadle.
Who are MyCSP's competitors?
Competitors of MyCSP include Like Minds and 4 more.
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