Mitie launches new risk consultancy service

Offering industry-leading advice and techniques in risk management, the new service will add to the extensive Professional Services capabilities Mitie provides to its clients and will be marketed under Mitie’s Source8 consultancy brand.

With businesses facing an evolving range of threats from cybercrime and natural disasters, to disgruntled members of staff, fresh approaches are needed to address organisational risk. The Threat Mitigation Team will help clients understand the threats and risks which could cause their business harm so they can protect the essentials; namely their people, property, information and infrastructure.

Business interruption remains the top peril for the fifth successive year with almost two-thirds (37%) of businesses ranking it in the top three most important risks they face. Offering an end to end service from consulting through to delivery, the specialist expertise within the Threat Mitigation Team provides clients with an efficient, thorough and holistic service ensuring nothing is missed. This focus ensures resources are concentrated where they will have the most impact and that the approach to risk is sustainable over the long term.

Apparently, less than half of business owners (48%) have no continuity or crisis management plan in place. By identifying and addressing real risks, the team can put preventative systems, practices and processes in place. However, should issues occur, they are on hand help businesses cope. Assisting a speedy recovery is vital when considering 75% of companies without crisis plans in place fail within three years of disaster striking.

In addition to mitigating against business threats, deploying a robust approach to threats and risks also signals a clear commitment to staff and customers and can even assist operational performance and cost reduction.

Managing director of Professional Services, Mitie Simon Venn said, "Throughout my career I have seen many unwanted events create significant damage that could have been prevented by strong risk assessment, analysis and mitigation. Some businesses don't fully understand how vulnerable they are, using sticking plasters to patch up problems, rather than taking the right action to address underlying causes.

"It is only when resilience and security failings actually occur that senior executives find out that their risk management mechanisms are inadequate or unsuitable. Our Threat Mitigation Team provides critical support to help prevent potential issues destroying our customers’ business. Taking expert advice and pre-emptive action early can prove crucial to resilience and recovery in a crisis.”