G4S to sell its UK Children’s Services business
G4S plc, the world’s leading integrated security company, today confirmed that as part of its on-going review of its portfolio of businesses, it has commenced a process to sell its UK Children’s Services business, comprising 13 children’s homes and its contracts to manage two Secure Training Centres at Medway and Oakhill.
The wellbeing and education of the children in our care will remain our priority until such time as an orderly transition to a new operator has been completed.
G4S UK Children’s Services had revenues of approximately £40 million in the year to December 2015.
The transfer or sale of certain businesses is subject to customary consents and approvals.
Notes to editors:
G4S currently has contracts to operate three secure training centres in the UK: Medway STC in Kent, Oakhill near Milton Keynes and Rainsbrook in Northamptonshire. The contract to manage Rainsbrook is currently being transferred to a new provider, MTC Novo, and is not part of the process announced today.
Secure training centres are responsible for detaining and training young people aged from 12 to 17 who meet the criteria for a custodial sentence, or who are remanded to custody.
More information about the residential children’s homes for looked after children in local authority care can be found at the homes2inspire website.
For more information about this announcement, please contact:
Investor Relations enquiries: Helen Parris, Director of Investor Relations on +44 (0)20 8722 2125
Media enquiries: Matthew Magee, Media Manager on +44 (0)20 7963 3170 or email@example.com