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This statement includes inside information Capita plc 21 June 2021 MARKET UPDATE Capita plc ( Capita ) remains on track to deliver growth and strengthen its balance sheet Trading We have seen an improving trend in our trading performance in the first half of the year , in line with our expectations . Capita remains on track to deliver revenue growth in 2021 , for the first time in six years , despite the ongoing impact of COVID lockdowns , in particular in its Specialist Services division . We have won a number of significant contracts this year , including the Royal Navy Training contract through our Government Services and People Solutions divisions ( Total Contract Value £ 925m ) , the extension of a European telecoms client ( TCV £ 528m ) and an extension for Tesco Mobile ( TCV £ 58m ) , both in Customer Management . As a result , we currently expect Half Year adjusted revenue to be flat on prior year adjusted revenue . Our operational performance has been good , with a positive start to our Royal Navy Training contract and successful ' go - lives ' for Irish Water in April and on GP Payments and Pensions in May . We continue to make good progress with our cost saving programme which , together with an improving mix from new contract wins and stronger operational performance , will see the initial benefits of operating leverage at the half year , as expected . Cash collection has improved in line with underlying trading performance and benefited from better than anticipated customer payments . Liquidity remains strong at £ 689m on 17 June , ahead of the scheduled repayment of c . £ 160m of private placement notes in July . Non - core disposals We continue to deliver on our plans , set out in March , to strengthen the balance sheet over the course of 2021 . We are making good progress with our planned disposals , and we remain on track to realise combined proceeds of at least £ 200m in 2021 ( in addition to the £ 299m initial payment received from the sale of ESS in February ) . [ The first of these , the sale of Axelos for an enterprise value of £ 380m , which will generate total cash proceeds to Capita of £ 184m , was announced this morning ] Preparation for the sale of other non - core businesses , which will be held in our new division Capita Portfolio , is also progressing well . We will provide further updates as appropriate . Future Capita We are well advanced in our plans to implement the next phase of our transformation . In August we will move to the new structure of two core divisions , Capita Public Service and Capita Experience , and the third division holding our non - core assets , Capita Portfolio .