Regent has diversified into the security services market with the acquisition of Midlands service provider, Premier Security Services. £3.5 million turnover Leicester-based Premier specialises in tailored security services for commercial and retail environments spanning guarding, patrols, keyholding and systems. Its consultancy and advisory service additionally devises security programmes tailored to individual client requirements, mixing new technologies with traditional, established methodologies.
Coventry-based Regent’s entry to the security market draws both on the successful service model established within its cleaning business and from the security market expertise inherent within its parent company, Samic Group. Security is just one of a range of services offered by the €1 billion turnover company, France’s second largest cleaning contractor.
The operating structure of Premier Security Services will be unchanged by the Regent acquisition and the company continues to be managed by directors Andrew Hallam and Gary Sheffield.
"We are very pleased to have Premier Security Services joining us under the stewardship of Andrew and Gary and look forward to progressing our mutual aims for business development in an exciting and challenging marketplace," said Regent joint managing director Jonathan King.
The UK market for security is expected to increase by 1% in nominal terms this year to around £3.3 billion, partly offsetting the 3% decline recorded in 2009, according to the UK manned security market research report from MBD. Slightly stronger annual growth of between 3% and 5% was reported in the years 2006 to 2008, reaching a peak in market value of around £3.34 billion in the latter year. In 2015, the value of the market is forecast to reach circa £3.75 billion (at 2010 prices), equivalent to an overall growth of 14% in real terms.
"Security is a natural service development for Regent," continued Jonathan King. "We are already proven in successful skills management within a wide range of commercial and public sector environments, an increasing number of whose owners are realising new benefit in sourcing services with complementary needs such as security from a key existing partner."