Croma Security Solutions Group PLC Contract Renewal and Uplift (8885P)
15 June 2020 - 4:00PM
UK Regulatory
TIDMCSSG
RNS Number : 8885P
Croma Security Solutions Group PLC
15 June 2020
15 June 2020
CROMA SECURITY SOLUTIONS GROUP PLC
("CSSG" or the "Company")
Renewal and Uplift to Contact Now Worth GBP5 million
Annually
Croma Security Solutions Group Plc is very pleased to announce
it has been awarded a significantly expanded contract with a
leading owner and developer of central London property. Effective
from 1 June 2020, the new contract is for a period of one year with
a further two year extension and is worth GBP5 million per annum,
replacing an existing contract worth GBP3.6m.
The Company is providing a new ground breaking hybrid service
combining premium manned guarding services for 27 commercial and
residential central London buildings together with front of house
services using security trained receptionists. This new style of
front of house service has been developed internally under the
brand Croma PROception. It is transforming the modern reception
desk and setting new standards for the way front of house security
is performed. The new concept has opened the business up to a wider
array of talent from other industries with specific customer
service backgrounds such as hospitality, hotels and airline
professionals. As a direct result we have been able to increase our
female staff by 8%, which is a considerable step away from the
stigma of the male dominated industry of the past.
Led by ex-policewoman Ruth McGowan, PROception was launched in
2019 and brings the amalgamation of 3 key disciplines: reception,
concierge and security, to create the modern front of house
professional. Each individual is carefully trained in security
protocols so that alongside excellent communication and hosting
skills they are also expert in security awareness, access control
and visitor management systems. When they are then combined with
security professionals as a single team this significantly
increases a buildings security.
Sebastian Morley Chairman of CSSG said:
"PROception is a compelling concept. Offering it as a hybrid
service with premium manned guarding is a natural fit and we
believe takes front of house services and guest experience to the
next level. There is little doubt, the modern security market is
evolving rapidly reflecting the increasing importance clients
attach to managing risk and as a consequence they have rising
expectations in terms of services. As a premium provider of
security solutions we welcome this and look forward to providing
similar services to others."
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) ("MAR") prior to its release as part
of this announcement and is disclosed in accordance with the
Company's obligations under Article 17 of MAR.
For further information visit www.cssgroupplc.com or
contact:
Croma Security Solutions Group Plc Tel: +44 (0)7768 006 909
Sebastian Morley (Chairman)
WH Ireland Limited Tel: +44 (0)207 220 1666
(Nominated Adviser and Broker)
Mike Coe
Chris Savidge
Novella Tel: +44 (0)203 151 7008
Tim Robertson
Fergus Young
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END
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