New world class Superbranch for London and the South East
Representing an investment of £20m, the new branch showcases leading edge technology that ensures the cash requirements of the Capital and surrounding areas can be serviced more efficiently and effectively than ever before.
The branch, which will be officially opened by Andrew Bailey, Chief Cashier and Executive Director of the Bank of England, is the fifth of its kind to be opened by G4S in the UK, having been preceded by sites at Manchester, Bristol, Belfast and Glasgow. Boasting state-of-the-art production lines, the site brings all elements of the cash management process under one roof. The corresponding increased efficiency levels and best practice in security processes ensures that G4S can provide a world class cash management service in the UK.
As the leading provider of cash services in the UK, G4S partners with everyone from the smallest independent on the high street, through to the largest corporate in the City, all of whom play a vital part in the local and national economic health. With a fleet of 95 armoured vehicles equipped with the latest security features and constantly monitored by a central control centre, the new branch is well equipped to cope with the diverse cash requirements of the Capital and surrounding areas.
Ian Nisbet, Chief Executive, G4S Cash Services (UK and Ireland), said: “With cash remaining such an essential part of the UK economy, companies operating in the cash services sector bear the responsibility of ensuring that it is recycled and redistributed within the economy as efficiently as possible.
“In this sort of unpredictable climate, faster, more efficient and intelligent cash management systems such as those offered at the new Nine Elms branch are of vital importance, and represent the future of cash management in the UK.”
Andrew Bailey, Chief Cashier and Executive Director, Bank of England, said: “This new G4S cash centre is an impressive advance in cash management. Cash remains an important and very widely used means of payment, something that we all depend upon. With this new centre, G4S are helping to provide banks and retailers with a secure and efficient way to manage their cash requirements.”
Each year the cash services industry transports around £500 billion, equivalent to £1.4billion per day, using around 8,000 couriers and a fleet of some 4,000 vehicles. G4S is responsible for issuing a third of all the notes used in circulation by the British public on behalf of the Bank of England.