27-10final

News
profit share for staff:
CORDANT BECOMES SOCIAL ENTERPRISE
Cordant Group, the family-owned facilities services
contractor, is to become a Social Enterprise.
The company stresses that it’s business as normal. It’s
capped annual shareholder dividends at about £250,000
per shareholder family, a year, which works out at about
£3 m; and capped executive salaries at 20 times that of the
lowest paid worker. It’s agreed to be independently audited.
It plans to make a profit share scheme for staff. Brendan
Musgrove, MD at Cordant Security, told Professional
Security: “There’s no change to the front end of our
business.” Phillip Ullmann, Chief Energiser, Cordant
Group said: “Our dream of building a genuine global
Social Enterprise that can delight people and improve the
lives of thousands of people is now being realised. We
believe our teacher programme will change the classroom,
our workplace initiatives will re-engage employees, and
our healthcare ideas will transform patient care.” p
METAL THEFT FEAR
As the price of copper has risen by over 50pc in little more
than a year, it’s feared that metal and cable theft will rise
too. When the Scrap Metal Dealers Act became law in the
UK four years ago, that included a ban on cash payments
for scrap metal, identity checking and licensing, to restrict
the stolen metals market. The next couple of years saw falls
in reported thefts, although the drop in commodity prices
also played their part. Peter Lalor, MD of the contractor
VPS Site-Security, says: “We’re seeing a combination of
factors coming together that could easily foster a rise in
metal theft. Not only have metals like copper and nickel
started to rise in value again, but all the enforcement
agencies work and regulation checks are falling away at
the same time.” VPS says that many licenses issued to
scrap metal merchants have expired and not been renewed,
though many still seem to be operating. p
Document fraud group
We featured the security of ID document in our August
issue. The EU has set up a ‘Horizontal Expert Working
Group’ on document fraud. At the EU police agency
Europol, its British Executive Director Rob Wainwright
said: “Professional criminal syndicates are now part of the
large-scale production, trading and distribution of often
high-quality identity and other official documents.” p
Brendan Musgrove
Photo courtesy of
Cordant Group
Expo 2018
Rob Wainwright, and Met
Police deputy assistant
commissioner Lucy D’Orsi,
are among speakers slated
for the Security & Counter
Terror Expo (SCTX), at
London Olympia on March
6 and 7, 2018. Visit www.
counterterrorexpo.com.
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