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<p>No. The contract was awarded after Interserve had secured refinancing in April
2018, which had increased their financial stability and with the full agreement of
Cabinet Office and HM Treasury. Any changes to staffing on the contract delivered
to the Foreign and Commonwealth Office are a result of the change to the proposed
service delivery model and are not a result of Interserve's financial position.</p><p>Interserve
announced on 27 February that its lenders, bonding providers and Pension Trusteee
have agreed to its proposed deleveraging plan, a significant milestone in the delivery
of their refinancing.</p>
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