Guarding costs represent a significant part of the overall facilities budget
10 March 2010
According to a recent Magenta Security Services survey, the greatest number of respondents (42%) confirmed that their guarding costs represented a modest 10% or less of their overall facilities budget. However, a surprisingly large number (12%) confirmed that between 50 and 75% of their facilities budget goes into guarding – making it their single largest and most important piece of expenditure.
Magenta Security Services, managing director, Abbey Petkar: “This is great news for the guarding industry. After the results of our last survey showed that 74% of businesses were most fearful of physical attacks on their business (51% theft and 23% vandalism) we were not surprised to see reasonable expenditure on guarding but the fact that over a third of our respondents spend more than 25% of their budgets on guarding is great news.”
“Guarding represents the most effective means of protecting businesses against physical attack and the fact that businesses are still investing in such services is a great sign for the future of the industry.”
The data used to compile these statistics was collected by Magenta Security Services in the final quarter of 2009. Businesses surveyed included retailers, public authorities, recreational facilities and commercial buildings.
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