SMP Security Solutions Ltd

The Cost of Theft to UK Business


Telford, England -- (SBWIRE) -- 06/10/2016 -- For UK businesses, security policies and practices are at the forefront of day-to-day operations. Most shopping centres have security staff on site to deter thieves and most shops and stores have safes or secure vaults. Whilst it is not advisable to leave valuable goods on site, it is unavoidable due to the very nature of business and the logistics of trading. Very often the day's takings are stored in secure safes on premise. Within the jewellery sector particularly, storage vaults are a necessity for securing precious jewels and assets from theft.

According to findings from the British Retail Consortium, the cost of theft to the retail industry last year was a staggering £613m. The average cost of the individual items stolen soared to £325, which is a new record high.

According to the figures, the cost of crime is at the highest it has been but is now three times as high as 2007 & 2008. Retailers claim that the total number of incidents has dropped for the second year in a row; however the value of goods stolen is increasing as criminals become smarter and more sophisticated in their tactics.

A spokesperson for SMP Security Solutions commented "Unfortunately crime and particularly theft has been on the rise for a number of years now. It's essential that UK businesses pay serious consideration to their security practices. Where goods and valuables or cash have to be left on site, it is essential to have a comprehensive procedure for securing the items. At SMP we provide a range of solutions for retailers in the form of highly secure safes and cabinets. The safes are all British made and manufactured to a high standard to provide peace of mind to retailers"

About SMP Security Solutions
SMP Security Solutions is a leading provider of security solutions offering a range of safes, vaults and more.

For further information visit their website:

PR Contact
Contact Person: Sophie Henrys
SMP Security Solutions Ltd
Halesfield 24,
Shropshire. TF7 4NZ
Tel: 01952 585673
Fax: 01952 582816