The business and assets of Cardinal Security Ltd have been acquired by Amberstone from administration. Amberstone Guarding will be a new addition to Amberstone’s electronic security offering.
Headed by chief executive Jason Trigg, the founder and former owner of Cardinal Security Ltd, Amberstone Guarding will have Andrew Gillies as managing director, Mark Ault, operations director, Matt Allen, European director and Steve Evans as commercial and strategic director.
Trigg said: “I am pleased to say 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 a number of high profile bad debts during the course of this year. Our acquisition will enable us to rescue the Cardinal business and ensure a 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 expansion through both organic and acquisitive means. Significant investment has been secured which will provide the combined business with a strong capital base to deliver the 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, heading up this exciting new venture.”
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.”
