"Newmark Security back in profit as data business builds momentum
Published: 07:52 10 Sep 2024 BST
Written by: Philip Whiterow
Newmark Security PLC (AIM:NWT) said it is going from 'strength to strength' after a swing back into profit in its latest twelve months as revenues and margins both improved.
Maurice Dwek, chairman, said: "Whilst there have been numerous successes during the year, the impact of GT Connect continues to be a driving force in HCM's [data security] growth strategy, delivering new customer subscriptions and 28% growth in annual recurring revenues.
“Building on this, we are pleased to confirm the pending launch of GT Time in partnership with Oracle, a dedicated product to target the Direct to Enterprise market and the expansion of data security and compliance.
Revenues in the data security, workforce monitoring (HCM), door entry and safety glass business rose 10% to £22.3 million in the year to 30 April 2024.
Pretax profits were £388,000 compared to a prior year's loss of £64,000 helped by a 50% rise in underlying profit to £2.2 million.
Cash generated also rose to £2.8 million (2023: £1.7 million) reducing net debt excluding leases at the year-end to £2.0 million.
Dwek added: "Safetell [business safety glass] also delivered an impressive performance, which included growing its revenues from service and maintenance work in the UK auto-door servicing market by 51%, signing new customers across retail and critical public services and delivering 74% growth in the Entrance Control market."
"We have entered the new financial year with confidence and an exciting pipeline of new business opportunities.”"
https://www.proactiveinvestors.co.uk/companies/news/1055881/newmark-security-back-in-profit-as-data-business-builds-momentum-1055881.html
10th Sep 2024 7:00 am RNS Final Results
"... "Whilst there have been numerous successes during the year, the impact of GT Connect continues to be a driving force in HCM's growth strategy, delivering new customer subscriptions and 28% growth in ARR. Building on this, we are pleased to confirm the pending launch of GT Time in partnership with Oracle, a dedicated product to target the Direct to Enterprise market and the expansion of data security and compliance. ... " ...
... In addition to this growth, significant strategic progress has been achieved in developing our partnerships and establishing our cloud control technology, GT Connect, at the centre of our market leading proposition. This has led to important gains in share-of-wallet, with new product-service combinations propelling us to replace global competitors operating at the lower end of the market for the first time. It has also enabled the launch of new Direct-to-Enterprise (D2E) offerings that are marketplace-ready, with per-employee pricing. Our recent partnership with one of the world's leading workforce management technology brands, Oracle is a hugely significant milestone that opens a very exciting opportunity as we begin exploring the global D2E marketplace in FY25. ..."
https://www.lse.co.uk/rns/NWT/final-results-eb6oy2xeukg1trl.html
Thanks Dab.
Loads of very positive material from NWT today, including news of an impressive partnership with Oracle, a US$385Bn. cap. company.
P.S. Well done on passing the 4% threshold!
10th Sep 2024 2:10 pm RNS Holding(s) in Company
Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that it was informed today that Mr D Bitner, together with his wife and son, have increased their holding in the Company's issued share capital to 378,873 ordinary shares of 5p each, representing 4.04 per cent. of the issued share capital of the Company. ..."
https://www.lse.co.uk/rns/NWT/holdings-in-company-oar3wtshb5g0vpk.html
" ... With the stated intention to make Britain a clean energy superpower, the new Labour Government in the UK has committed to work with the private sector to double onshore wind, triple solar power and quadruple offshore wind by 2030. This commitment is made with the intention of making the UK more energy secure, protect consumers from price fluctuations in fossil fuels, and help drive investment in jobs and businesses in the renewable energy sector, while seeking to achieve medium- and longer-term carbon reduction targets.
"Support for renewable energy remains positive across the UK economy. Investment in the major, continued restructuring of Britain's electricity grid to facilitate the transition to renewable energy remains on track. Our conversations underline sustained support by the institutional investment community for the energy transition and this is consistent with media reporting. Installation of both solar PV and heat pumps in UK homes are at record highs. The UK remains a vibrant market for innovation in low-carbon technologies. While there is some public and media pushback on the Net Zero agenda, not least due to higher energy prices, we believe this is taking place in the normal political discourse, while the underlying drivers for change are as strong as ever.
"We have been cautious in our targeted and considered approach to our first acquisition, particularly during a time when the ability to raise finance on capital markets has been severely restricted by investor caution and economic uncertainty. We have sought to identify a transformational target that can create a meaningful contribution in the renewable energy space, and this remains our intention. The renewable energy sector will offer exciting opportunities for acquisitive and organic growth as capital markets recover, and we are committed to ensure that the Company and its stakeholders will share in these opportunities."
Enquiries
Aura Renewable Acquisitions Plc
John Croft (Non-Exec Chairman) 07785315588
Robin Stevens (Non-Exec Director) 07787112059
Media enquiries
Allerton Communications
Peter Curtain 020 3633 1730
aurarenewables@allertoncomms.co.uk
Notes to Editors
Aura was established to acquire and then act as the holding company for targeted businesses operating in the Global Renewable Energy Sector Supply Chain, particularly participants in the wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors. These potential targets could range from raw materials resourcing to power generation, energy storage and recycling. As a consequence of the new UK Listing Rules introduced by the Financial Conduct Authority, which came into force on 29 July 2024, the Company has automatically been included in the shell companies' category of the Official List."
https://www.lse.co.uk/rns/ARA/half-year-report-rosm2hy6xk3kcsn.html
6th Sep 2024 7:00 am RNS Half-year Report
"Interim Results for the six months ended 30 June 2024
6 September 2024 - Aura Renewable Acquisitions plc, a UK-based company, whose objective is to invest in the global renewable energy sector supply chain and thereby build shareholder value, announces its interim results for the six months ended 30 June 2024.
Highlights
• Minimal overheads resulted in a loss before and after tax of £61,140, EPS 0.6p (loss) (2023: £69,598 and 0.7p (loss).
• Cash resources of £590.000 at 30 June 2024 (2023: £661,000).
• Targeting acquisitions operating in the Global Renewable Energy Sector Supply Chain.
• Experienced board with extremely strong sector experience and a clear expansion strategy.
• Good visibility towards potential targets through wide international network.
• Flexible post transaction market strategy depending on size, structure, location and tax status.
• Best practice ESG policies will be put in place to support and encourage sustainability across our business.
John Croft, the Chairman of Aura commented:
"Aura was established to identify and acquire businesses operating in the renewable energy sector supply chain, particularly participants in the wind, solar, biomass, hydropower, carbon capture, waste management, smart grids and green hydrogen supply chain, and their sub-sectors.
"The Company raised £1,050,000 when it joined the Standard Segment of the Main Market of the London Stock Exchange in April 2022, and since the IPO the business continues to incur minimal overheads pending identification of a suitable acquisition target. This is reflected in our net loss before taxation for the six-month period of £61,928 (2023: £69,598 (loss)), and that at 30 June 2024, we had retained cash and bank resources of £589,531.
"The board continues to identify and assess acquisition and investment opportunities in the UK and overseas, which could offer the quality and scalability required to achieve significant shareholder growth. We also continue to engage with the board's extensive business network and introducer base to promote the Company expansion strategy.
"Economic and political uncertainty has helpfully reduced during the year to date, as has inflation, and interest rates are beginning to edge down. While capital market and new issues activity has been generally depressed since November 2021, there have been signs of more corporate activity, particularly at the smaller end of the market during 2024, and M&A is more buoyant. The now widespread acceptance and understanding of the danger of global warming on populations, habitats and landscapes continues to underpin our business strategy and economic rationale. Fortunately, there is a growing willingness by national governments to focus on sustainable renewable energy. ..."
https://www.lse.co.uk/rns/ARA/half-year-report-rosm2hy6xk3kcsn.html
5th Sep 2024 3:10 pm RNS Half-year Report
"UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2024 TO 30 JUNE 2024
FOR THE INTERIM PERIOD FROM 1 JANUARY 2024 TO 30 JUNE 2024
Chairman's statement
I am pleased to present the unaudited condensed interim financial results for the Company for the six months ended 30 June 2024.
The principal activity of the Company is to acquire businesses in the primary and secondary segments of the education technology sectors.
To enable the Company to pursue its principal activities, the Company initiated an Initial Public Offering ("IPO") of its securities onto the London Stock Exchange through a Standard Listing to raise the necessary funds required for the execution of the business strategy. The IPO was successfully completed and the Company's shares were admitted for trading on 25 March 2022. This listing enables the Company to raise funds for acquisitions which may be in the form of a merger, capital stock exchange, asset acquisition, stock purchase, scheme of the arrangement, reorganisation or similar business combination of an interest in an operating entity or investment.
As at the reporting period end, the Company did not have any current operations, no products were sold, and no services were performed by the Company. It did not operate or compete in any specific market, and the Company had no subsidiaries. The Company continues to seek acquisitions of UK and overseas businesses or assets with operations in the sectors that can contribute greater benefits to shareholders.
Strategy
The Company retains a flexible merge and acquisition strategy which will enable it to deploy capital in target companies by way of minority or majority investments, or full acquisitions where it is in the interests of shareholders to do so.
The Company's strategic aim is to drive shareholder value through the acquisition of target companies in certain sectors where the Board believes there to be sustainable growth opportunities both organically, and through acquisition.
Click on, or paste the following link into your web browser, to view the full announcement text:
http://www.rns-pdf.londonstockexchange.com/rns/1161D_1-2024-9-5.pdf ..."
https://www.lse.co.uk/rns/BRS/half-year-report-2w7m17ydxp7843o.html
"DSG market capitalisation at the current s.p. of 11.5p: £1.9397M."
AMENDMENT:-
The current share price is of course 9.5p. The market cap. figure was correct.
Showjumper,
Thanks for that useful info. re Nicholas Slater. It could be then that he's a bit of a 'marquee investor' for DSG then, a bullish sign.
And DSG's R&D investment is a major bull point here.
DSG market capitalisation at the current s.p. of 11.5p: £1.9397M.
(20,418,021 shares in issues with the 23.8.24 placing shares.)
Divided into DSG's year end 31.12.23 R&D spending of £0.963M.
= PRR (price-to-research ratio) of 2.014.
This highlights DSG's bullish growth prospects and undervaluation.
From the legendary tech stocks guru Conor McCarthy:
"Calculate annual R & D expenditure per share and compare it to the share price.
If the PRR (price-research ratio - share price divided by R and D per share) is 5 or less it is nearly always worth buying the shares. This applies particularly to recovery situations. As long as an exploration company has the wherewithal to drill holes, there is always the possibility it will strike it lucky. The same goes for an out-of-favour technology company. As long as it can continue to invest in R and D there is the chance it will come up with a blockbuster product. The lower the PRR the more development bang you get for your buck."
https://flylib.com/books/en/1.371.1.92/1/
Conor McCarthy's tech investment approach is based on the principles set out in the classic 1984 book "Super Stocks" by Kenneth Fisher.
This is the book that McCarthy recommends to his subscribers.
(And perhaps it also inspired him to start "Techinvest" the same year?)
And a good example of a low PRR recovery-growth stock of his is mentioned in "Beyond The Zulu Principle" (1996) by Jim Slater:-
"I asked Conor McCarthy to give me a good example of Techinvest's success using Fisher's approach. He mentioned Kewill Systems which went astray a few years ago by making an unfortunate acquisition in Germany. The company began to make substantial losses and the shares fell from 318p in 1992 to a low of 49p in 1993. At this point, the PRR of 2 was astoundingly attractive. The Germany subsidiary was sold shortly afterwards and by the end of 1993 Kewill Systems had risen to 265p."
I am a shareholder here, yes.
In the absence of a takeover, the share price probably won't take off in the shorter term.
But for an illiquid share like this, that can present a good opportunity to accumulate a nice stake, ahead of an anticipated take off later.
28th Aug 2024 4:00 pm RNS Recovery of Costs from Amcomri Group Limited
"The Company announced on 24 April 2024 that it had received notice from the Amcomri shareholder group led by Amcomri Holdings Limited that they were withdrawing from the proposed acquisition (the "Proposed Transaction") by Rockpool of the entire issued and to be issued share capital of Amcomri Group Limited ("Amcomri").
As set out in that announcement, under the provisions of the heads of terms entered into in relation to the acquisition, if any of the Amcomri shareholders withdraw from the Proposed Transaction, except in certain circumstance which do not apply in this case, Amcomri is obliged to reimburse the Company for all reasonable costs, fees, disbursements and expenses which have been incurred by Rockpool in connection with its investigation, evaluation, pursuit and negotiation of the Proposed Transaction. In the Chairman's statement dated 27 June 2024 forming part of the 2024 Annual Report and Financial Statements, it was stated that a request had been made to Amcomri for reimbursement of those costs which amounted to £543,000 and that no written response had been received from them.
The Company has now received a formal response from Amcomri disputing the amount due from them and offering the sum of £370,000 in final settlement of its liability. The Company intends to pursue recovery of the full amount of £543,000 and has instructed its lawyers to write to Amcomri to that effect.
Ends -
For further information please contact:
Rockpool Acquisitions Plc
Mike Irvine, Non-Executive Director mike@cordovancapital.com
www.rockpoolacquisitions.plc.uk
Abchurch (Financial PR)
Julian Bosdet Tel: +44 (0)20 7459 4070
julian.bosdet@abchurch-group.com
- Ends -"
https://www.lse.co.uk/rns/ROC/recovery-of-costs-from-amcomri-group-limited-4fwi3rzi6skxq1b.html
2nd Sep 2024 7:00 am RNS Notice of results and investor presentation
"Newmark Security plc (AIM: NWT), a leading provider of electronic, software and physical security systems, announces that the Company's final results for the year ended 30 April 2024 ("FY 2024") will be announced on 10 September 2024.
Marie-Claire Dwek (CEO) and Paul Campbell White (CFO) will provide a live presentation relating to the FY 2024 results via Investor Meet Company on 10 September 2024 at 11:00am BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Newmark Security plc via:
https://www.investormeetcompany.com/newmark-security-plc/register-investor
Investors who already follow Newmark on the Investor Meet Company platform will automatically be invited.
Newmark Security plc
Marie-Claire Dwek, Chief Executive Officer
Paul Campbell-White, Chief Financial Officer
Tel: +44 (0) 20 7355 0070
www.newmarksecurity.com
Allenby Capital Limited
(Nominated Adviser and Broker)
James Reeve / Liz Kirchner / Lauren Wright (Corporate Finance)
Amrit Nahal / Tony Quirke (Sales & Corporate Broking)
Tel: +44 (0) 20 3328 5656
Yellow Jersey PR Limited
(PR & IR)
Charles Goodwin / Dominic Barretto
Tel: +44 (0) 203 2004 9512
About Newmark Security plc
Newmark is a leading provider of electronic, software and physical security systems that helps organisations protect human capital and provide safe spaces seamlessly and securely.
From our locations in the UK and US, we operate through subsidiary businesses positioned in specialist, high-growth markets.
We foster an open and inclusive work environment amongst our c.100 employees, serving hundreds of blue-chip customers.
Our product portfolio consists of Human Capital Management and Access Control Systems providing both hardware and software and Physical security installations to various sectors.
Newmark Security plc is admitted to trading on AIM (AIM:NWT).
For more information, please visit: www.newmarksecurity.com"
https://www.lse.co.uk/rns/NWT/notice-of-results-and-investor-presentation-pyec0m2lsknmxha.html
"Man vs. Machine: Streamlining Workforce Management with HCM Technology
... Data-Driven Insights for Strategic Decision-Making
Beyond administrative efficiency, HCM systems also offer a wealth of data and analytics capabilities. This allows HR teams to gain valuable insights into workforce trends, identify skill gaps, track performance metrics, and make informed decisions about talent management, resource allocation, and succession planning. For many, HCM technology has enabled HR departments to transition from a reactive to a proactive role, driving strategic initiatives that align with their organizational goals.
What GT Clocks Offer
GT Clocks recognizes the potential of HCM solutions for HR professionals. Our comprehensive suite of time clocks has been designed to streamline workforce management, reduce administrative burdens, and allow HR teams to focus on more strategic aspects of their roles.
If you’d like to hear more about how our HCM solutions can reduce administrative overwhelm within your organization, you can arrange a call here."
https://gtclocks.com/insights/streamlining-workforce-management-with-hcm/
And also new today, on the GT Clocks website, this excellent article on workforce management using HCM tech, from Ben Lagden:-
"Insights
Man vs. Machine: Streamlining Workforce Management with HCM Technology
HCM technology offers a compelling solution to these challenges. By automating routine tasks, integrating systems, and providing self-service tools, HCM software frees HR professionals from the constraints of administrative overload.
Ben Lagden
VP Commercial
HR professionals know their roles have evolved drastically. Ever-growing regulations and requirements have increased administrative workload, while the need for a human-centric workplace remains. Striking a balance is tough.
That’s why organizations of all sizes are looking for a technological solution: Human Capital Management (HCM) systems.
Administrative Overload
The HR Challenge
Traditionally, HR administrative processes often involve manual data entry, paper-based workflows, and disconnected systems. This frequently leads to inefficiencies, errors, and a significant drain on resources. Payroll processing, benefits administration, time and attendance tracking, and recruitment are just a few areas where administrative burdens can overwhelm HR teams.
The consequences of this overload are substantial. Research shows that HR professionals spend much of their time on administrative tasks, leaving little room for strategic activities that drive employee engagement, talent development, and organizational growth. With limited time and resources, overwhelmed teams often face tough compromises that can have a widespread impact on the business. Administrative backlogs can delay requests and questions, negatively affecting employee morale and satisfaction.
Why HCM Technology Is A Catalyst for Transformation
HCM technology offers a compelling solution to these challenges. By automating routine tasks, integrating systems, and providing self-service tools, HCM software frees HR professionals from the constraints of administrative overload.
At GT Clocks, our HCM solutions encompass a wide range of functionalities, including:
• Automated Payroll and Benefits Administration: Streamlines pay and benefits processes.
• Time and Attendance Tracking: Accurate recording and management of employee hours, leave requests, and absences.
• Talent Acquisition and Onboarding: Digitizing recruitment workflows and providing a seamless onboarding experience for new hires.
• Employee Self-Service: Empowering employees to access their own information, update personal details, and manage leave.
These are just a few examples of how HCM technology is reshaping HR operations beyond simple time collection. By automating these processes, organizations can achieve significant time and cost savings, improve data accuracy, and enhance overall efficiency. ..."
https://gtclocks.com/insights/streamlining-workforce-management-with-hcm/
"... In an era where data security is paramount, GTConnect adheres to specific US and UK/EU GDPR regulations, including the protection of sensitive biometric data. This commitment to regulatory compliance is reinforced by Grosvenor’s strategic decision to develop and manage its software, as well as assemble and quality-assure its terminals, within the UK and US. This approach not only ensures compliance with strict data protection standards but also provides customers with an added layer of security and trust.
GTConnect offers an alternative to solutions developed in regions with less stringent data protection laws and state-sponsored data mining. This becomes particularly crucial when considering the broader geopolitical landscape and its implications for data security. By choosing GTConnect, organisations can mitigate potential risks associated with entrusting sensitive workforce data to suppliers operating under different regulatory frameworks.
One of GTConnect’s key strengths is its ability to reduce risk through simple, unified control. The system establishes a scalable and flexible network across devices, which helps organisations reduce both development and operational costs. This scalability is particularly valuable for growing businesses or those with fluctuating workforce needs.
GTConnect addresses common HCM challenges through several key features:
• Remote device management: This allows for centralised management of networked devices, enabling easy updates, system diagnostics, and real-time status checks of the entire estate, whether one device or ten thousand.
• Data management: GTConnect simplifies integrations from devices to HCM software, creating a seamless flow of information across the organisation while maintaining robust data protection measures.
• Identity management: The system ensures stringent compliance with data protection regulations using encryption and informed consent. This is particularly crucial for managing sensitive information such as biometrics and personal data, aligning with specific GDPR requirements for processing such data.
• Remote device diagnostics: GTConnect’s cloud-based diagnostic platform minimises disruption by eliminating the need for on-site engineer visits, reducing downtime and improving service delivery, all while maintaining the integrity of data security protocols.
By providing these features in a cloud-based structure developed and managed within regions known for strong data protection laws, GTConnect offers modern businesses the scalability, flexibility, and security needed to adapt to changing requirements without compromising on data protection or regulatory compliance. In an increasingly complex geopolitical landscape, choosing GTConnect means choosing peace of mind for your organisation’s data security."
https://newmarksecurity.com/insights/how-cloud-based-hcm-solutions-are-transforming-the-hr-function/
"How cloud-based HCM solutions are transforming the HR function
... Accessibility and remote management: With cloud-based HCM, HR professionals can access critical functions anywhere. This feature became particularly valuable during the COVID-19 pandemic, enabling companies to manage their workforce remotely. It continues to add value, given that many businesses have adopted hybrid or fully remote working structures.
Data security and compliance: Modern cloud-based systems often incorporate advanced security measures and stay updated with the latest data protection regulations, ensuring better compliance and data safety across multiple countries.
Improved employee experience: Cloud-based HCM solutions typically offer self-service options, allowing employees to access and manage their HR-related information. This can lead to increased employee satisfaction and engagement.
Adding value to the HR function
Cloud-based HCM solutions are helping to reshape HR departments, transforming traditional processes into streamlined, efficient workflows. These digital tools are enabling HR professionals to focus on more strategic initiatives by enhancing several vital areas, including:
Automating administrative tasks: Time-consuming processes such as payroll, leave management, and benefits administration are handled swiftly and accurately, reducing human error and ensuring timely execution.
Real-time data analytics: HR teams now have instant access to workforce insights, enabling data-driven decision-making on everything from performance tracking to identifying skills gaps.
Enhancing recruitment and onboarding: Cloud-based HCM offers end-to-end hiring process management, from job posting to onboarding, significantly reducing time-to-hire and improving the quality of hires.
Improving employee self-service capabilities: Employees can now manage their HR-related tasks, from updating personal information to requesting leave, empowering staff and reducing HR workload.
Facilitating better compliance management: These systems help ensure adherence to ever-changing regulations by automating compliance processes and providing up-to-date reporting capabilities.
GTConnect – modern HCM in action
Grosvenor Technology’s GTConnect exemplifies many of these trends in cloud-based HCM, offering a comprehensive solution that addresses the evolving needs of modern HR departments. At its core, GTConnect leverages cloud control for centralised data and device management, providing a simplified ecosystem that streamlines operations and ensures compliance with stringent data and privacy regulations. ..."
https://newmarksecurity.com/insights/how-cloud-based-hcm-solutions-are-transforming-the-hr-function/
New today on the Newmark Security website, this excellent article on cloud-based HCM:-
"Insights
How cloud-based HCM solutions are transforming the HR function
Remember when HR departments were all about filing cabinets, endless paperwork, and manual data entry? For many enterprises, those days are a thing of the past. There’s been a significant shift in how companies manage their workforce, thanks in no small part to the emergence of cloud-based Human Capital Management (HCM) technology.
These digital tools are doing more than just moving HR processes online; they’re changing how HR professionals work and how employees interact with HR services. From streamlining payroll to simplifying recruitment, cloud-based HCM makes businesses of all sizes more efficient and productive.
But what’s driving this change, and what does it mean for HR departments and employees alike? Let’s find out.
Cloud-based HCM growth in numbers
The numbers tell their own story. In 2022, the global HCM software market was valued at $15.6 billion. But that’s just the beginning. According to a recent report from 360 Market Updates, this figure will grow to $20.8 billion by 2028, with a projected Compound Annual Growth Rate (CAGR) of 4.87%.
A separate report from Mordor Intelligence predicts even stronger growth, with the market value set to grow from $24.92 billion in 2024 to $35.94 billion in 2029 (representing a CAGR of 7.6%)
The changing nature of work is behind much of this growth. The COVID-19 pandemic accelerated the shift towards remote and hybrid work models, creating an urgent need for flexible, accessible HR solutions. Cloud-based HCM systems fulfilled that role, offering the perfect blend of functionality and adaptability.
But it’s not just about remote working. According to Fortune Business Insights, 60% of companies now use cloud-based solutions for tasks ranging from recruitment and workforce management to core HR functions and payroll.
Operational benefits of cloud-based HCM
Beyond the numbers and predictions of strong growth, cloud-based HCM makes a positive difference to organisations. Benefits include:
Scalability and flexibility: Cloud-based systems can quickly adapt to changing workforce needs, allowing businesses to scale their HR operations up or down as required. This is particularly beneficial for growing companies or those with fluctuating staffing needs.
Cost-effectiveness: According to Fortune Business Insights, multinational corporations that adopt centralised global payroll systems can decrease labour costs by as much as 50% by streamlining processes, optimising operations, and implementing automation. ..."
https://newmarksecurity.com/insights/how-cloud-based-hcm-solutions-are-transforming-the-hr-function/
What a wonderful start to the Paris Olympics over the last few days.
And what a truly inspiring set of values:-
"OLYMPIC VALUES - EXCELLENCE, RESPECT AND FRIENDSHIP"
"Demonstrating respect in many different manners: respect towards yourself, the rules, your opponents, the environment, the public, etc."
https://olympics.com/ioc/olympic-values
And Newmark Security 'flies the flag' for these Olympian values in its own values; for example:-
"Principle 3: Take into account wider stakeholder and social responsibilities and their implications for long-term success (see also s172 section) ..."
"Principle 8: Promote a corporate culture that is based on ethical values and behaviours ..."
https://newmarksecurity.com/investor-relations/corporate-governance/
Indeed respect is the very definition of Newmark Security, and its products and services: a foundation on which it has built its success.
R: REVOLUTIONARY
E: ECOSYSTEMS
S: SECURE
P: PRACTICAL
E: ENVIRONMENTAL
C: COLLABORATIVE
T: TRANSFORMATIVE
Aretha Franklin - "Respect"
https://www.youtube.com/watch?v=2nWuNK8-4Ys
"The Bill includes a range of measures with the aim of protecting the public from terrorist attacks at live events and venues. The set up and ongoing cost of Martyn’s Law is expected to be around £3 billion."
"Murray said, “As the new Prime Minister says, ‘the time for talking is over’. After five long year’s of campaigning and seven year’s after Martyn’s death, I am convinced that Martyn’s Law will very soon become a reality.”"
https://accessaa.co.uk/live-industry-calls-for-urgent-review-after-martyns-law-included-in-kings-speech/
So the Martyn's Law advancement process is now moving from 'communication' to 'implementation'.
And it could-should be 'gold' for Newmark Security.
If even just a relatively small percentage of that additional £3 billion comes to Newmark, that could 'have us dancing', especially as full implementation is likely to span a few years.
So there should be years of implementation work for Newmark ... though it won't stop there.
There will also be ongoing work for expansions, conversions, & new build.
As well as ongoing servicing and maintenance.
In addition, an excess of demand over supply could leave to non-bidding for contracts, improving success rates & margins; & perhaps also leading to referrals-partnerships between companies who can't cope with the excess work.
All of which should increase the attractions of Safetell and Grosvenor Technology as takeover targets.
Spandau Ballet - "Communication"
https://www.youtube.com/watch?v=g_EUZrmcc2M
Spandau Ballet - "Gold"
https://www.youtube.com/watch?v=ZQKzrdNdhwk
"LIVE INDUSTRY CALLS FOR URGENT REVIEW AFTER MARTYN’S LAW INCLUDED IN KING’S SPEECH
CHRISTOPHER BARRETTJULY 17, 2024
Today, 17 July, the King’s Speech outlined the new Labour government’s legislative priorities, with the Terrorism (Protection of Premises) Bill among 40 included.
The inclusion of the Bill, otherwise known as Martyn’s Law or Protect Duty, has led LIVE (Live music Industry Venues & Entertainment), which represents the UK’s £4.5 billion live music business, to call for an urgent review of the government’s approach to the potential legislation.
The Bill has been championed by victims’ groups, including the Martyn’s Law campaign, which was established by Figen Murray following the loss of her son Martyn in the Manchester Arena attack in 2017.
The Bill includes a range of measures with the aim of protecting the public from terrorist attacks at live events and venues. The set up and ongoing cost of Martyn’s Law is expected to be around £3 billion.
Two tiers of venues are laid out in the draft Bill; standard and enhanced.
o The standard tier – Premises with a maximum capacity of 100 or more people are required to undertake “low-cost” activities such as terrorism protection training.
o The enhanced tier – Premises with a maximum capacity of 800 or more people are required to invest more time into counter-terrorism measures, such as appointing a designated senior officer for the review of venue security.
The Bill also introduces a regulator, with the power to inspect and enforce the requirements for each tier. The regulator has the power to hand out sanctions and penalties for non-compliance. Fines for non-compliance are up to £10,000 for those in the standard tier and up to £18m, or 5% of the person’s qualifying worldwide revenue, for those in the enhanced tier
Access All Areas has heard from industry sources that many in the live music sector believe the proposals as they stand are not ready for parliamentary scrutiny, and there is real concern about the potential cost. There is also a belief that a more cost effective and efficient solution would be to use the existing licensing framework to include anti-terrorism measures.
The Home Affairs Select Committee published a report last year, which criticised the Terrorism (Protection of Premises) Bill, following a period of pre-legislative scrutiny.
LIVE represents 15 live music industry bodies including the National Arenas Association, Concert Promoters Association and Association of Independent Festivals. ...
Murray said, “As the new Prime Minister says, ‘the time for talking is over’. After five long year’s of campaigning and seven year’s after Martyn’s death, I am convinced that Martyn’s Law will very soon become a reality.”"
https://accessaa.co.uk/live-industry-calls-for-urgent-review-after-martyns-law-included-in-kings-speech/
"World Day For International Justice: The Role of Security Systems ...
... Physical Security
Justice buildings often require specific areas to be more secure than others, such as courtrooms, evidence storage rooms, and detention facilities. As terrorist attacks are always of concern, robust walling systems can contain and mitigate blast impact in the event of an explosive attack, protecting both the structural integrity of the building and the lives of those inside. This capability is crucial for justice buildings, which can be high-profile targets for such attacks.
Security systems reinforced with anti-physical attack steel-framed security glazing protects staff and individuals in custody against ballistic attacks and physical assaults, while a product such as the CityWall modular walling system fortifies areas within the building against physical attack. These walls can withstand significant physical force, protecting against attempts to breach secure areas. The modular nature of the CityWall system means it can be adapted and reconfigured as needed. This flexibility is invaluable in dynamic environments where security needs may change over time, allowing for quick adjustments to fortify different areas as required.
Entrance Control
Entrance control is crucial for justice buildings such as courthouses, police stations, and prisons, ensuring the safety and security of the facility, staff, visitors, and the overall judicial process. While justice buildings must remain accessible to the public, including litigants, witnesses, and media, it is essential to control and monitor who enters and exits to prevent unauthorised individuals from gaining access.
Entrance control speed gates, security pass doors, and high-security solutions like circle security portals provide an aesthetically pleasing solution to manage pedestrian traffic and prevent unauthorised access.
By funnelling all visitors through controlled entry points, security personnel can perform necessary checks and monitor the flow of individuals entering the building. This helps prevent the entry of individuals who may pose a threat.
Conclusion
Safetell supports justice facilities by providing comprehensive security solutions designed to address the unique challenges faced by courthouses, police stations, and prisons.
With a robust range of products, including bullet-resistant screens, secure doors, advanced entrance control systems, and modular walling, Safetell enhances the safety and security of these critical environments. Their expertise ensures that justice buildings can effectively protect staff, visitors, and detainees, manage access and prevent unauthorised entry, and maintain a secure yet accessible environment, thereby upholding the integrity and efficiency of the judicial process."
https://www.safetell.co.uk/insights/world-day-for-international-justice-the-role-of-security-systems-in-ensuring-justice-reigns-supreme/
"World Day For International Justice: The Role of Security Systems In Ensuring Justice Reigns Supreme
... • Terrorism: Justice buildings can be targets for terrorist attacks due to their symbolic importance. Measures must be in place to protect against such threats.
• Protests and Civil Unrest: Managing protests and demonstrations outside justice buildings without compromising security or disrupting operations.
These buildings also need to balance security needs with accessibility requirements. This includes complying with regulations such as the Equality Act 2010, ensuring facilities are accessible to individuals with disabilities, while ensuring the safety of the public, staff, and other individuals. Maintaining a welcoming and non-intimidating environment, especially in public-facing areas like police station reception desks and courthouse lobbies, while ensuring security can be challenging.
The Role of Security Systems In Keeping Justice Buildings Safe
Addressing these challenges requires a comprehensive approach that combines physical security measures, technology, staff training, and emergency preparedness to create a safe and secure environment for administering justice. Advanced security solutions, like those provided by Safetell, play a crucial role in meeting these needs by offering tailored products and services designed to protect justice facilities and ensure the safety of everyone involved.
Bullet Resistant Screens, Doors and Counters
Screens and doors play a crucial role in protecting staff in justice buildings by creating physical barriers that prevent unauthorised access, physical attacks, and other security threats.
Products like the bullet-resistant MKII framework provides protection against physical and ballistic attacks, ensuring the safety of judges, lawyers, staff, and the public, while adjustable anti-physical attack sash-style security windows increase protection during high-risk interactions. These screens are designed to withstand ballistic attacks, providing a protective barrier between staff and potential threats. This is particularly important in areas where staff interact with the public, such as reception desks or payment counters.
Steel stalwart doors offer significant bullet, blast, fire, and manual attack resistance, providing critical protection for entrances and sensitive areas. ..."
https://www.safetell.co.uk/insights/world-day-for-international-justice-the-role-of-security-systems-in-ensuring-justice-reigns-supreme/
"World Day For International Justice: The Role of Security Systems In Ensuring Justice Reigns Supreme
17 July, 2024
World Day for International Justice, also known as International Justice Day, is observed annually on July 17th.
The purpose of World Day for International Justice is to promote international criminal justice and support the work of the ICC. It is a day to recognize the efforts to hold accountable those who commit serious crimes, reinforce the commitment to justice, and highlight the importance of a fair and impartial judicial system in achieving peace and security worldwide.
As security champions, and partners for many entities within the criminal justice system, Safetell is proud to look back on three decades of support, research and development that has helped us enhance the safety of the UK’s courthouses, police stations, prisons, and other official buildings.
From courthouses and police stations to prisons, these environments require robust security measures to ensure the safety of staff, visitors, and detainees. Let’s take a closer look at the role of security measures in keeping the wheels of justice turning.
Challenges That Justice Facilities Face
Justice buildings, such as courthouses, police stations, and prisons, face numerous security challenges due to their sensitive nature and the critical role they play in maintaining law and order. These challenges stem from the need to protect individuals, sensitive information, and infrastructure while ensuring justice is served. Some of the key security challenges include:
• Public and Personnel Safety: Justice buildings often deal with high-risk individuals, including violent criminals and disgruntled litigants. Ensuring the safety of judges, lawyers, staff, and the public is paramount.
• Physical Security: Buildings need to be fortified against attacks, requiring bullet-resistant barriers, secure doors, and reinforced windows to protect against shootings or physical assaults.
• Unauthorised Entry: Preventing unauthorised individuals from entering secure areas is crucial. This includes managing access to courtrooms, judge’s chambers, evidence rooms, and other sensitive areas.
• Visitor Management: Handling the large number of visitors, including family members of defendants, media, and the general public, requires robust visitor management systems to track and control access.
• Contraband smuggling: Ensuring that no prohibited items are brought into courtrooms or police stations is also vital to maintaining safety.
• Evidence Handling: Securely handling and transferring evidence between crime scenes, storage, and courtrooms to prevent tampering or loss. ..."
https://www.safetell.co.uk/insights/world-day-for-international-justice-the-role-of-security-systems-in-ensuring-justice-reigns-supreme/
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