Table of Contents
Executive Summary
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- The market
- Challenging trading conditions still restricting security demand
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- Figure 1: UK market for manned security, 2010-14 (£ million)
- Guarding sector’s share of the market declines further
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- Figure 2: Segmentation of UK market for manned security, 2014(£ million)
- Central government continuing to seek outsourced prison and custodial solutions
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- Figure 3: Public expenditure on contracts for electronic monitoring and privately managed prisons, 2010-14 (Million)
- Market factors
- Regulatory changes delayed to 2015
- Unlocking the value of human touch key to security operators
- Companies
- Axis Security pioneers systems partnership
- Wilson James going from strength to strength
- What we think
Introduction
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- Issues in the market
- Definitions
- Methodology
- Abbreviations
- Market positioning
- The regulator
- The customer
- The supplier
UK Economy
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- Overview
- Inflation
- Interest rates
- House prices
- Consumer spending
- Manufacturing
- Business investment
Market Factors
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- Key points
- Market factors
- Increase in construction sites and service sector activity generating demand
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- Figure 4: UK economic output, by sector, 2012-14 (Quarterly percentage change in output value)
- Retail stores and factory numbers have declined since the start of the recession
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- Figure 5: Number of business premises in the UK, 2009-13 (Number of outlets)
- Large scale infrastructure projects on the rise
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- Figure 6: Number of projects and programmes in government infrastructure pipeline, 2012-13 (Number)
- Prison and probation service outsourcing continues
- Prison population stalls as sentencing guidelines take effect
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- Figure 7: Average prison population, England & Wales and Scotland, 2010-14 (Number)
- Cash-in transit security demand boosted by increase in outsourcing and cash machines...
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- Figure 8: Number of cash machines in the UK, 2009-14(Number)
- ...but cash transactions are in decline
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- Figure 9: Total volume of cash payment transactions in the UK, 2003, 2008 and 2013 (Billion)
- Crime against persons and households continues to fall...
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- Figure 10: Total crime levels in England and Wales, 2004-14 (Thousands)
- ...while the retail sector suffers most from commercial crime
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- Figure 11: Experience of crime in the last 12 months, in England and Wales, 2013 (000 incidents)
- Minimum wage growth has slowed since the recession
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- Figure 12: Minimum wage level in the UK, 2000-14 (£)
Market Size
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- Key points
- Market size
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- Figure 13: UK market for manned security, 2010-14 (£ million)
- Growing bias towards larger operators
- First half reports from 2014 may indicate domestic slowdown
Segment Performance
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- Key points
- Custodial services sector continues rapid expansion
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- Figure 14: Segmentation of the UK market for manned security, by type, 2010-14 (£ million)
- Real terms decline for guarding sector as competitive pressure increases
- Cash-in-transit operators fighting decline in cash transactions
- Probation contracts to provide revenue surge for the custodial services sector
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- Figure 15: Public expenditure on contracts for electronic monitoring and privately managed prisons, 2010-14 (£ million)
- Guarding sector dominates licenses
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- Figure 16: Segmentation of the UK market for manned security, active licenses by sector, 2013 (Share of total)
Market Trends
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- Key points
- Market trends
- Delay to regulatory change leaves cloud of uncertainty over business licensing
- Emphasising the human touch
- Employment transfer changes shift cost-benefit calculations for acquisitions
Industry Structure
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- Key points
- Industry overview
- Takeover activity continues in 2014...
- ...but acquisitions didn’t prevent growth in the size of the sector
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- Figure 17: Analysis of changes in the UK private security activities industry, 2009-13 (Number of businesses and establishments)
- Structure by turnover
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- Figure 18: Analysis of the financial structure of the UK private security activities sector, 2012-13 (£ 000 and number of companies)
- Structure by employment
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- Figure 19: Analysis of the employment structure of the UK private security activities industry, 2012-13 (Number of employees and number of business outlets)
Advance Security UK
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- Recent company activity
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- Figure 20: Financial analysis of Advance Security UK, 2009-13 (£ million)
Axis Security Services
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- Recent company activity
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- Figure 21: Financial analysis of Axis Security Services, 2009-13 (£ million)
Carlisle Security Services
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- Recent company activity
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- Figure 22: Financial analysis of Carlisle Security Services, 2009-13 (£ million)
CIS Security
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- Recent company activity
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- Figure 23: Financial analysis of CIS Security, 2009-13 (£ million)
Corps Security
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- Recent company activity
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- Figure 24: Financial analysis of Corps of Commissionaires Management, 2009-13 (£ million)
First Security
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- Recent company activity
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- Figure 25: Financial analysis of First Security (Guards), 2009-13 (£ million)
G4S Cash Solutions
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- Recent company activity
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- Figure 26: Financial analysis of G4S Cash Solutions (UK), 2009-13 (£ million)
G4S Secure Solutions
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- Recent company activity
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- Figure 27: Financial analysis of G4S Secure Solutions (UK), 2009-13 (£ million)
GEO Amey Pecs
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- Recent company activity
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- Figure 28: Financial analysis of GEO Amey PECS, 2011-13 (£ million)
Kingdom Security
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- Recent company activity
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- Figure 29: Financial analysis of Kingdom Security, 2009-13 (£ million)
Loomis UK
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- Recent company activity
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- Figure 30: Financial analysis of Loomis UK, 2009-13 (£ million)
Mitie Care and Custody
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- Recent company activity
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- Figure 31: Financial analysis of Mitie Care and Custody, 2010-14 (£ million)
Securitas Security Services
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- Recent company activity
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- Figure 32: Financial analysis of Securitas Security Services (UK), 2009-13 (£ million)
Shield Guarding Company
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- Recent company activity
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- Figure 33: Financial analysis of The Shield Guarding Company, 2009-13 (£ million)
Sodexo
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- Sodexo Justice Services
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- Figure 34: Turnover of Sodexo Justice Services, 2009-13 (€ million)
Vision Security
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- Recent company activity
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- Figure 35: Financial analysis of Vision Security Group, 2009-13 (£ million)
Wilson James Group
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- Recent company activity
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- Figure 36: Financial analysis of Wilson James Group, 2009-13 (£ million)
Forecast
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- Key points
- Market size
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- Figure 37: Forecast UK market for manned security, 2015-19 (£ million at 2014 prices)
- Polarisation of the market to accelerate in the coming two years
- Segment performance
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- Figure 38: Forecast segmentation of the UK market for manned security, by sector, 2015-19 (£ million)
- Outsourcing trend to spur growth in prison and custodial services sector
- Manned guarding sector to consolidate further
- Short-term prospects hide big picture constraints for cash-in-transit sector
- Industry
- Foreign focus as mature UK market struggles to deliver margin growth
Further Sources and Contacts
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- Trade associations
- Trade magazines
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