Cardinal Security Limited, the supplier of intelligence-led security guarding and loss prevention services to the retail and logistics industries, has announced – with immediate effect – a new ownership structure designed to drive growth in the business. The management buy-in sees a group of private individuals with lengthy experience in the UK’s security industry take ownership of Cardinal Security Limited, with previous CEO and company founder Jason Trigg leaving the business to embark upon new challenges.
The new owners of the company include experienced CEO Simon Chapman (previously managing director at Lodge Service), chairman Michael Goddard (who boasts over 40 years’ experience in the FM sector) and Stuart Macy, director of strategy and finance. Graham Allison, who joined Cardinal Security only recently in the role of commercial director, has now been appointed as managing director.
Going forward, Cardinal Security Limited will remain an independent business with a focus on the retail, distribution and logistics sectors. The organisation is also expanding its existing headquarters in Great Chesterford, Essex, with the addition of a dedicated Training Academy, a state-of-the-art Security Control Room and an ‘Intelligence Centre’.
Explaining the change of ownership, Jason Trigg informed Risk UK: “When considering the next stages for Cardinal Security, it was obvious to me that the business would benefit more from a corporate structure rather than relying on my entrepreneurial skills. I was keen that Cardinal Security shouldn’t be swallowed up by a larger business or one of the big security firms as that would inevitably result in poorer and less responsive customer service, so I’m delighted that we have in place an experienced management team whose constituent members not only understand Cardinal’s ethos, but can also take the business to even greater heights.”
Specialist security service
In an industry dominated by either large-scale, multi-service providers or smaller regional operators, Cardinal Security Limited will continue to offer a specialist security service tailored to the needs of its demanding national customer base.
“As a large but independent business, Cardinal Security combines the best of both worlds,” enthused Simon Chapman. “While we’re uniquely placed to provide specialist services to the largest of retailers, we’re also able to do so with a responsiveness and agility that larger providers simply cannot match.”
Cardinal Security will continue to provide the innovation and technology that has placed the business at the forefront of the sector. Customers will benefit from ongoing access to technologies and systems in the broader Cardinal Group, including Amberstone’s electronic security technology and the Ministry of Ideas’ data solutions.
Over the years, Cardinal has supported both the National Business Crime Solution, which it founded in 2011, and ORIS Forums (which the business acquired in 2011). The company supported the growth of the ORIS Media organisation and is pleased to see these as standalone and independent businesses in their own right which are no longer part of the wider Cardinal Group. There will be no change to the way in which these businesses are operated.
‘Talking to customers, I know that they value our intelligence-led approach to security guarding,” concluded Graham Allison. “The new investment in the business will allow us to ‘change up a gear’ and deliver a more robust infrastructure to support customers’ needs on a continual basis. We’re really excited to be starting this next stage in Cardinal’s development.”
Cardinal Security Limited is a Security Industry Authority Approved Contractor placed in the Top 5% of all security providers. It employs over 1,800 personnel across the UK and Eire, and has a turnover of more than £40 million per annum. The business has received several industry awards and accreditations across the years, including the prestigious Vendor of the Year Award at the Retail Fraud Awards in both 2015 and 2016.