Manned Security - UK - December 2018

OVERVIEW
What you need to know
Covered in this Report
EXECUTIVE SUMMARY
The market
Value continues to rise in 2018, with custodial services at the forefront
Figure 1: UK manned security forecast market value, £ million, 2014-23
Market forecast
Companies and brands
Restructuring efforts
What we think
ISSUES AND INSIGHTS
Uncertain future for outsourcing and custodial services
The facts
The implications
Brexit and the manned security industry
The facts
The implications
THE MARKET – WHAT YOU NEED TO KNOW
Market value continues to rise in 2018
Custodial services remain at forefront of growth
The market is set to maintain growth despite difficult trading conditions
MARKET SIZE
Market sustains value growth in 2018
Figure 2: UK manned security market value, £ million, 2014-18
MARKET SEGMENTATION
All sectors maintain growth in 2018
Figure 3: UK manned security market value, by sector, £ million, 2014-18
Manned guarding
Figure 4: Manned guarding market value, £ million, 2014-18
Cash-in-transit
Figure 5: Cash-in-transit market value, £ million, 2014-18
Custodial services
Figure 6: Custodial services market value, £ million, 2014-18
MARKET FORECAST
Value forecast to maintain consecutive growth
Figure 7: UK manned security forecast market value, £ million, 2014-23
Custodial services set to surpass cash-in-transit in 2023
Figure 8: UK manned security forecast market segmentation, £ million, 2019-23
Prison population projections
Figure 9: England and Wales prison population projections, June 2018-June 2022
THE IMPACT OF THE ECONOMY
The obstruction of Brexit
Figure 10: Gross Domestic Product, £ million, Q1 2015-Q2 2018
MARKET TRENDS
Demand for custodial services falls alongside prison population
Figure 11: England and Wales prison population, 2014-18
Use of ATMs
Volume of transactions
Figure 12: Volume of ATM transactions, million, January 2016-September 2018
Value of transactions
Figure 13: Value of ATM transactions, £ million, January 2016-September 2018
Number of ATMs
Figure 14: UK number of ATMs, free to use and pay to use, '000, 2008-17
Ongoing decline in cash use
Figure 15: Cash use as a % of retail transactions, 2012-17
Wholesale and retail crime rates grow sharply in 2017
Figure 16: Wholesale and retail crime, incidents per 1,000 premises, 2012-17
MARKET DRIVERS
National Living Wage driving operation costs
Figure 17: National Living Wage, £ per hour, April 2016-April 2018
Surging manned guarding demand from leisure sectors
Figure 18: UK sporting events and music events market value, £ billion, 2013-17
Figure 19: UK pub industry market value, £ million, 2013-17
COMPANIES AND BRANDS – WHAT YOU NEED TO KNOW
Growth across security infrastructure
Restructuring efforts
GEO Amey PECS signs contract with Scottish Prison Services
INDUSTRY STRUCTURE
Changes in the structure of the industry
Figure 20: Analysis of the changes in private security activities, number of outlets and businesses, 2013-17
Figure 21: Analysis of the changes in security systems service activities, number of outlets and businesses, 2013-17
Structure by employment
Figure 22: Analysis of the employment structure of private security activities, number of employees and outlets, 2016 and 2017
Figure 23: Analysis of the employment structure of security systems service activities, number of employees and outlets, 2016 and 2017
Structure by turnover
Figure 24: Analysis of the financial structure of private security activities, £'000 and number of businesses, 2016 and 2017
Figure 25: Analysis of the financial structure of security systems service activities, £'000 and number of businesses, 2016 and 2017
COMPANY PROFILES
Cordant Security
Recent company activity
Financial information
Figure 26: Financial analysis of Cordant Security, £ million, 2013-17
GEO Amey PECS
Recent company activity
Financial information
Figure 27: Financial analysis of GEO Amey PECS, £ million, 2013-17
G4S Cash Solutions
Recent company activity
Financial information
Figure 28: Financial analysis of G4S Cash Solutions, £ million, 2013-17
Loomis UK
Recent company activity
Financial information
Figure 29: Financial analysis of Loomis UK, £ million, 2013-17
Securitas Security Services UK
Recent company activity
Financial information
Figure 30: Financial analysis of Securitas Security Services UK, £ million, 2013-17
Sodexo Justice Services
Recent company activity
Financial information
Figure 31: Financial analysis of Sodexo, £ million, 2013-17
APPENDIX – DATA SOURCES, ABBREVIATIONS AND SUPPORTING INFORMATION
Abbreviations
Methodology
FURTHER SOURCES AND CONTACTS
Trade associations
Association of Security Consultants
British Security Industry Association
Skills for Security
International Professional Security Association
Security Industry Authority
Trade magazines
FM World
Intersec
Professional Security
Trade events
Intersec Expo
International Security Expo 2018