Trading Statement
09 11월 2005 - 4:00PM
UK Regulatory
RNS Number:8299T
SectorGuard PLC
09 November 2005
9 November 2005
SECTORGUARD PLC ("the Company")
TRADING STATEMENT
SectorGuard Plc, the AIM listed total security solutions specialist, is pleased
to announce a trading update ahead of publishing results for the September 30
year-end.
* SectorGuard has continued to develop its range of products and services in
addition to its physical security presence business. Products and services
now include cctv, access control, asset tagging, fire and intruder alarm
systems and security personnel to operate these systems. Consequently, the
Company can tailor security solutions to its clients' requirements and
budgetary constraints.
* The Company has also expanded its regional presence by establishing an
office in the Midlands as well as adding to the number of clients where the
Company provides a nationwide service.
* SectorGuard has made four acquisitions in the past year including: the
manned guarding businesses of West Midlands based Choice Security Services
Limited, and East Midlands based Nationwide (GB) Limited; the electronic
security systems company SectorAlarm Limited; and the asset tagging business
Asset Protection (EAS) Limited.
* The Company has taken a leading role in the development of the Approved
Contractor Scheme, which will be launched by the industry regulators, the
Security Industry Authority ("the SIA"), as part of regulatory changes
following the licensing of security officers in March 2006.
* The probable impact of licensing on future profits is as yet
unquantifiable; however SectorGuard is positioning itself to be an early
beneficiary of any re-distribution of turnover within the industry by
working with the SIA to achieve early accreditation as an Approved
Contractor.
* In order to meet the requirements to license its existing security
officers, the Company is required to re-train its officers to the new
uniform level. This training is subsequently examined by an approved
examining board. The Company is five months ahead of the licensing cut-off,
having already re-trained 95% of its security officers.
* SectorGuard has continued to win valuable new contracts and generate
growth from existing contracts as well as produce significant profit from
its new business streams. As a result, full year profits are expected to be
in line with market forecasts. The Board looks forward to reporting on the
Company's progress in greater detail in this year's financial report.
* * ENDS * *
Contacts:
David Marks SectorGuard Plc Tel: 01279 724 777
Isabel Crossley St Brides Media & Finance Tel: 020 7242 4477
This information is provided by RNS
The company news service from the London Stock Exchange
END
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