Infologue.com, the web site dedicated to all that’s happening in the world of manned security, has just published its annual Top 20 company listing – and it’s such a close call for the No1 placing that major companies Securicor Security and Reliance Security Services have been granted equal billing at the top.
Published by Logue Corporate Services, the Infologue.com Top 20 2003 ‘league table’ is an estimate of the annualised turnover of the UK’s manned security companies (differing from the web site’s Top 20 reported figures which show historical reported turnovers).
Logue Corporate Services’ research suggests that the Top 20 companies of the 1,700 on its database have increased market share from 60% to 63% in the past 12 months which, in cash terms, represents a rise of GB pound 63 million. Logue Corporate Services also estimates that the Top 100 companies account for 76% of the market.
The latest annualised estimates put Reliance and Securicor on turnovers of GB pound 190 million. The so-called ‘Big Five’ – Securicor, Group 4, Reliance, Initial and Chubb – represent an estimated 35.6% of the industry’s turnover (the corresponding figure for 2002 being 36%). This suggests that the real consolidation in the industry is taking place outside of this ‘elite’ group. Infologue.com editor Bobby Logue told SMT: “We feel that there’ll be even greater consolidation in 2004.”
Based on historical organic growth, expectations are that Reliance will turnover more than GB pound 200 million by the end of the year, while MITIE Group plc has entered the Top 20 due to its recent acquisitions of both Trident Safeguards and the Executive Group.
The full Top 20 table for 2003 – in descending order, based on estimated annualised turnover – is Reliance Security Services ( GB pound 190 million turnover on a market share of 9.05%), Securicor Security (the same!), Group 4 Total Security ( GB pound 149 million, 7.10%), Initial Security ( GB pound 115 million, 5.48%), Chubb Security Personnel ( GB pound 105 million, 5.00%), Securiplan plc ( GB pound 63 million, 3.00%), Securitas Security Services ( GB pound 60 million, 2.86%), MITIE Group plc ( GB pound 51 million, 2.43%), The Corps ( GB pound 50 million, 2.38%), OCS Group ( GB pound 46 million, 2.19%), First Security ( GB pound 45 million, 2.14%), Sabrewatch ( GB pound 34 million, 1.62%), Vision Security Group ( GB pound 33 million, 1.57%), ICTS (UK) ( GB pound 33 million, 1.57%), Pegasus Security ( GB pound 32 million, 1.52%), The Shield Guarding Company ( GB pound 31 million, 1.48%), Legion Security plc ( GB pound 27 million, 1.29%), Wilson James ( GB pound 26 million, 1.24%), Resolution Security ( GB pound 22 million, 1.05%) and Temple Security ( GB pound 22 million, 1.05%).
For further details take a look on the Internet at: www.infologue.com
