IRV meaning in Business ?

Answer: What is Interserve mean?

Interserve is a British multinational construction business based in Reading, Berkshire. Before going into administration in 2019, the group generated revenue of £2.7 billion and had a workforce of 68,000 people worldwide in 2018.

The company was founded in 1884 as the London and Tilbury Lighterage Company Limited, and retained the Tilbury name until 2001. From 1991 it was known as Tilbury Douglas following a merger with RM Douglas, but in 2001 rebranded as Interserve plc, also known as "ISG". The name change partly reflected a shift in focus during the 1990s towards maintenance and facilities management services sectors, and this continued in the 2000s, buoyed by further acquisitions.

However, financial issues including problem contracts in Interserve's energy-from-waste business led to profit warnings in 2017. The company was forced to restructure and refinance in March 2018. Its financial situation worsened in late 2018, and debt holders started discussing a further financial restructuring of the business. The debt-for-equity plan was rejected at an annual general meeting on 15 March 2019, and Interserve plc went into administration owing creditors over £100m. In a pre-pack deal, the rest of the group was immediately sold to a newly incorporated company owned by lenders, Interserve Group Ltd, with a break-up of the company expected to follow.

Interserve's facilities management business was sold to Mitie in a deal completed on 1 December 2020. In March 2021, Interserve resurrected the Tilbury Douglas brand for its construction and engineering services businesses. Interserve's other remaining division, RMD Kwikform, was sold in October 2021 to a French group, Altrad.

reference

Full Form	Category
Income Rate And Value	Business
Interserve	Business
Insurance Replacement Value	Business
Internal Read Visibility	Computing
International Reference Version	General
In room vending	General
Inverse Ratio Ventilation	General
Inter Range Vector	General
Instantaneous Rotation Vector	General
In Realitum Vitae	General
Income Rate Value	General
Instant Response Vehicle	General
Integrated Research Vehicle	General
Internal Reinsurance Vehicle	General
Intelligent Rear View	General
Improved Recovery Vehicle	Governmental
Improved Inter-Range Vector	Governmental
Instant Runoff Voting	Governmental
Insightful Recreational Vehicle	Governmental
Incident Response Vehicle	Governmental
Isotope Reentry Vehicle	Governmental
Immediate Response Vehicle	Governmental
Inspiratory Reserve Volume	Medical
Ideal Resting Value	Medical