Reliance Security Group PLC
21 October 2005
Reliance Security Group plc ('Reliance')
Scottish Monitoring Contract and BT Contract Extension
The Directors of Reliance announce that Reliance Secure Task Management Limited,
a wholly owned operating company, has been unsuccessful in its bid to renew its
electronic monitoring services contract (offender tagging) in Scotland. The
existing contract, which this financial year will generate turnover of
approximately £6 million, expires on 31 March 2006. The outcome will not
therefore have any material effect on the current year's result.
Progress continues to be made in securing new business. With our partners, Haden
Building Management and Carillion, agreements have recently been signed with BT
to extend their £100 million per annum facilities management contract for a
further three years to 31 March 2009. The extended contract is expected to
generate annual turnover of approximately £25 million for Reliance.
Commenting on these developments, Julian Nicholls, Group Managing Director,
said:
'We are obviously disappointed not to have renewed our electronic monitoring
contract with the Scottish Executive, who remain an important customer. The
pioneering work we did in establishing this new technology in Scotland and the
high levels of service delivered under the existing contract have been
acknowledged. We will continue to be a major provider of services to the
criminal justice system and wider business community in Scotland with a keen
desire to expand our business there still further.
We are delighted to have secured the extension of the BT facilities management
contract. At the time of its award in 2000, this was the largest ever private
sector FM contract and Reliance has consistently outperformed its targets. The
continuing delivery of a high standard of customer service remains our key
focus.'
Note:
Reliance is an established market leader in the provision of contract security,
facilities management, support services and in business process outsourcing.
Reliance employs over 12,000 people from a network of offices throughout the UK.
Enquiries:
Brian Kingham 020 7730 9716
Chairman
Neil French 01895 205002
Group Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
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