Daily Archives: 17/08/2020

Security guarding specialist SSGC appoints Haines Watts to manage “rapid growth trajectory”

One of Britain’s fastest-growing specialist security businesses has appointed a leading national accountancy firm as part of its planned expansion strategy that has so far seen a substantial turnover increase to over £60 million per annum.

Robust systems and bespoke technology has enabled SSGC, a niche provider of fully-vetted security officers, to deploy hundreds of individuals to secure and marshal the COVID-19 testing programme at centres right across the UK, building on the significant growth already achieved by the company throughout 2019.

Further, the business has now appointed Haines Watts, the accountancy firm with more than 50 offices nationwide, to manage its financial affairs as it draws up its long-term expansion plan after securing contracts which have underpinned the aforementioned robust and rapid growth in turnover.

Swindon-based SSGC has demonstrated its ability to rapidly provide hundreds of guarding personnel within very tight time windows, many of them former military personnel returning to front line duties as part of the national Coronavirus effort.

SSGCSecurity

Mike Lloyd, a partner at Haines Watts (left), with Guy Dungworth (a shareholder in SSGC) and David Stubbs (managing director at SSGC)

Reinforcing the front line

“Reinforcing our front line in the fight against COVID-19 has meant making some sound decisions as we rise through the ranks of security firms to be part of the top flight of specialist businesses,” said David Stubbs, managing director of SSGC, in conversation with Security Matters. “Appointing an equally top flight accountancy firm was always part of our long-term planning.”

Stubbs continued: “Growth has always been a major part of our strategy, but our ability to demonstrate a robust response to the Government’s needs during the COVID-19 lockdown suddenly accelerated those plans. We had already established a good relationship with Haines Watts, so a complete move to take advantage of a strategic finance partner that complements our own direction of travel will definitely help us when it comes to shaping our future direction.”

Mike Lloyd, partner with Haines Watts, responded: “We provide services to thousands of businesses, many of which, like SSGC, are going through a phase of significant growth in a short time. Expansion presents new and exciting challenges and secures a spot for SSGC as a major corporate player. This is a target the business was already heading towards before current events arose.”

Lloyd continued: “Accountancy services fall broadly into two distinct areas, namely compliance and planning. From the compliance side, we can make sure that SSGC meets all of the necessary legal and tax requirements. With planning, we can help optimise areas such as tax management, financial modelling and scenario forecasting in order to maximise the financial fluidity of the company under growth. We are already working with the directors on both fronts at this key time in the company’s evolution.”

Armed Forces Covenant signatory

A signatory to the Armed Forces Covenant, SSGC is an ethical business committed to supporting the military community through remobilisation projects and is also being supported by other key partners in Skipton Business Finance and Squire Patton Boggs Solicitors in delivering on the Government’s call to action.

SSGC is a Security Industry Authority Approved Contractor Scheme registered business that was formed by MBO back in 2014

David Stubbs, himself a former military policeman, concluded: “This is a very exciting time for the business as we transition into the next phase of our development. Working with Haines Watts provides seamless access to the financial services and expertise we will be leaning on this year as we execute the next phase of our growth.”

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