Reliance Security Group PLC
05 April 2005
For immediate release
Reliance Security Group plc ('Reliance')
Contract Award - Cleveland Police Authority PFI
The Directors of Reliance are pleased to announce that Reliance Secure Task
Management Limited ('RSTM'), a wholly-owned operating company, has been awarded,
as part of a consortium, a 25 year Private Finance Initiative ('PFI') contract
for Cleveland Police Authority. This follows its appointment as preferred bidder
for the contract, which was announced on 4 October 2004.
The project involves the financing, design and construction of two custody
centres, two divisional headquarters and two town centre police stations. RSTM
will provide a comprehensive range of support services, starting towards the end
of 2006, including building, utilities and asset management; security services
and health & safety management; laundry and waste management; grounds
maintenance and pest control; storage and handling of video and audio tapes; the
handling of stray dogs and the provision of a help desk. It is estimated that
the 25-year support services contract will generate turnover for RSTM of £1.3
million in a full year.
Ray Masters, Managing Director of RSTM, stated: 'We are delighted to have
secured this contract with Cleveland Police Authority. It emphasises our
specialist expertise and capabilities in the provision of facilities management
and business process outsourcing services to the criminal justice sector. Our
partnership approach, which is directed at offering change management,
innovative business processes and high levels of service, enables our customers
to achieve greater streamlining and efficiencies in their non-core support
operations as well as better use of their material resources and highly trained
people.'
Note:
Reliance is an established market leader in the provision of contract security,
facilities management and support services and in business process outsourcing.
Reliance employs over 12,000 people from a network of offices throughout the UK.
Enquiries:
Brian Kingham
Chairman 020 7730 9716
Neil French
Group Finance Director 01895 205002
This information is provided by RNS
The company news service from the London Stock Exchange
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