2017 has been dominated by the sale of NOONAN to BidVest, the South African services, trading, and distribution giant writes Interconnective’s Bobby Logue. This can only be viewed as a positive acquisition, which will allow NOONAN to continue to flourish as a market leader within the private security industry.
NOONAN was initially set up in 1977 to provide cleaning services to the public and private sectors in Ireland. By 2001, the reputable organisation had established a security division in order to satisfy the demands within this particular sector. Having made previous acquisitions within Ireland, NOONAN entered the U.K market in 2004 with the purchase of Footprint Contract Cleaning Company. NOONAN have gone on to further establish themselves within the security industry through the acquisition of Federal Security in 2009, the Resource Group in 2014 and Ultimate Security in 2017.
In terms of further developments within our industry, 2017 saw the announcement of Cordant Group’s plan to become a social enterprise. In an exciting move, Cordant Group, which currently employs over 150,000 colleagues in total, announced plans to reinvest the majority of its profits into social programmes across education, employment, and healthcare. Concerns have been raised regarding the level of entry and lack of career progression within our industry, however Cordant’s plan appears to be a flagship idea which can only be beneficial for the private security industry in the future.
Infologue.com Top 30 UK Companies in the Regulated Security Sector
Turning to the Infologue.com Top 30 for 2017, we believe that the estimated turnover of the regulated security sector is £3.8 Billion. The Top 30 security businesses make up 82.5% of the regulated security services market. The Infologue.com Top 30 mirrors the regulated private security sector, which includes companies operating within the following security disciplines: Guarding, Cash and Valuables in Transit, Close Protection, Door Supervision, Public Space Surveillance (CCTV), Security Guarding and Key Holding. Please read our health warning below our Top 30 Table.
|Rank||Company Name||2017 Turnover||Est Market Share|
|2||Mitie Total Security Management||£356,000,000||9.37%|
|3||Securitas Security Services Ltd||£250,000,000||6.58%|
|4||Vision Security Group Ltd (VSG)(Compass)||£196,000,000||5.16%|
|5||Interserve Plc (First Security (Guards) & Knightsbridge)||£135,000,000||3.55%|
|5||Noonan (Shield, Ultimate Security)||£135,000,000||3.55%|
|7||OCS Group UK Ltd||£130,000,000||3.42%|
|8||Loomis UK Ltd||£122,000,000||3.21%|
|10||ICTS UK Ltd||£100,000,000||2.63%|
|11||TSS (Total Security Services)||£98,000,000||2.58%|
|12||Kingdom Security Ltd||£85,000,000||2.24%|
|13||Wilson James Ltd||£83,000,000||2.18%|
|14||Corps Security Ltd||£80,000,000||2.11%|
|15||ISS Facility Services Limited||£75,000,000||1.97%|
|16||Axis Security Ltd||£69,000,000||1.82%|
|18||Profile Security Services Ltd||£49,000,000||1.29%|
|19||CIS Security Ltd||£47,000,000||1.24%|
|21||Cardinal Security Limited||£32,000,000||0.84%|
|23||Ward Security Limited||£31,000,000||0.82%|
|25||STM Group Ltd||£28,000,000||0.74%|
|27||Lodge Service Ltd||£25,000,000||0.66%|
|28||Man Commercial Protection Limited||£24,000,000||0.63%|
|29||Churchill Services Ltd||£19,500,000||0.51%|
|30||Incentive Lynx Security||£15,000,000||0.39%|
|Estimated Turnover of Top 31||£3,242,500,000||85.28%|
|Est. Turnover of UK Regulated Security Industry||£3,800,000,000||100.00%|
The above table is based on estimates and historical published data of annual turnover and should be viewed only as a guide to the approximate size of the largest companies in the manned security industry. The turnover is calculated on an annualised basis as of end November 2017 and relates only to revenue derived from the regulated sector of the Private Security Industry. Some companies have non-related areas of business in their statutory accounts which Infologue.com attempts to estimate and factor out of the estimated turnover. Whilst some companies are now providing information on turnover to Infologue.com, all figures will not be accurate as statutory information can be up to two years out of date. Infologue.com welcomes input from the companies in the Infologue.com Top 30 and will amend any verified inaccuracies as soon as possible. Therefore these figures should be treated with caution and be regarded as a best guess. The Infologue.com Top 30 UK Companies in the Regulated Security Sector 2017 is an exclusive production of Infologue.com and may not be replicated without the express written permission of the producers thereof.
Infologue welcomes input from companies within the Infologue.com Top 30 and will amend any inaccuracies as soon as practically possible.
In order to be fair and reasonable, we have set a cut off period of 30 days for addition/corrections of 30 days from publication. The final decision on any amendments is strictly decided by the publisher.
Infologue.com wishes its readers greetings of the season and a happy and prosperous 2018.
Cardinal Security Limited – Amended 22-12-2017
Sodexo – Amended 15-01-2018
Mitie Total Security Management -Amended 08-02-2018