Amberstone Acquires Cardinal Security Business From Administration
Two of the biggest names in the security and loss prevention sector are to come together as part of an ambitious alliance following the announcement that the business and assets of Cardinal Security Limited have been acquired by Amberstone from Administration.
The result will see the creation of Amberstone Guarding, a new addition to the business’s existing electronic security solutions offering.
The alignment to a technology and systems business will enhance the existing provision of security officers, create efficiencies and add value to the overall service offering in the increasingly challenging retail landscape.
Headed up by chief executive Jason Trigg, the founder and former owner of Cardinal Security Limited, Amberstone Guarding’s senior management team is being strengthened by the addition of Andrew Gillies, Managing Director, Mark Ault, Operations Director, Matt Allen, European Director and Steve Evans as Commercial and Strategic Director.
Trigg said this week: “that after 15 months out of the industry, although deeply saddened with the situation Cardinal found itself in, I am excited to be back to drive forward this exciting opportunity of bringing together one of the major suppliers of intelligence-led manned guarding and loss prevention services, with the leading provider of electronic solutions to the retail and logistics industries.
Cardinal Security Limited entered financial difficulty after suffering from a number of high profile bad debts during the course of this year. Our acquisition will enable us to rescue the Cardinal business, ensuring seamless continuity of service to its customer base as well as preserving the employment of its workforce.
The alignment is designed to drive growth and deliver efficiencies and, as part of the acquisition, both businesses have been recapitalised to facilitate further growth via both organic and acquisitive means. Significant investment has been secured which will provide the combined business with a strong capital base to deliver the intended growth planned by the new management team.
This acquisition sees a group of individuals with lengthy experience in the UK security industry, together with myself coming back, heading up this exciting new venture.” he added.
In an industry dominated by either large-scale, multi-service providers or small, regional operators, Amberstone will continue to provide a specialist security service tailored to the ever-increasing requirements of its national and overseas customer base in the retail and logistics sectors.
Andrew Gillies added: “This is an exciting time in the development of Amberstone and we look forward to continuing and building upon the relationships we have with customers and providing exemplary service delivery into the future.”
Our new website is at – https://amberstoneguarding.co.uk
If you have any immediate queries please contact [email protected]
Should you have any queries with respect to Cardinal Security Limited (In Administration) please contact the Joint Administrators on the following telephone number: +44(0)20 7089 4700. The affairs, business and property of Cardinal Security Limited are being managed by the Joint Administrators Allan Graham and Matthew Ingram who act as agents for the Company and without personal liability. They are licensed in the UK by the Insolvency Practitioners Association and governed by the Insolvency Code of Ethics.