Premier Custodial Group Ltd nominated as Preferred Supplier to deliver the Prison Escort and Custody Services for London and the South East of England
Date : 25 February 2004
Serco Group plc ("Serco") today received confirmation that its wholly owned subsidiary, Premier Custodial Group Ltd ("Premier"), has been nominated by HM Prison Service as preferred supplier to deliver the Prison Escort and Custody Services contract for London and the South East of England. Subject to the satisfactory completion of negotiations with the Prison Service it will lead to Premier delivering services to the region from 29 August 2004. Over its seven-year term, the new contract is valued at over £300 million.
Premier is currently delivering Escort and Custody services to two of the eight contracted areas across England and Wales and, upon successful completion of Preferred Supplier negotiations, Premier will significantly increase its activity levels in the provision of Escort and Custody services and will be responsible for about 25% of the entire UK market.
Kevin Beeston, Executive Chairman of Serco Group, commented:
"A feature of Serco's success over many years has been our ability to win our re-bids and grow the business organically. We have made great strides with Premier since acquiring full control of the business in July 2003, and the announcement that we are a preferred supplier for Escort and Custody services is a testament to the confidence that the Home Office has in our ability to deliver on their requirement."
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