Lost Deal

Target status: x

Upload date: 29/01/2020
Last updated on: 08/12/2020

Who are the important people in the company?

Patersons Quarries Limited
Correspondence address: Paterson Building, Gartsherrie Road, Coatbridge, Scotland, ML5 2EU
Governing Law: Uk Companies Act
Legal Form: Limited Company
Registration Number: SC117448
Nature of Control: Ownership of shares – 75% or more

• William Paterson
Correspondence address: Gartsherrie Road, Coatbridge, ML5 2EU
Date of birth: December 1945
Nationality: British
Country of residence: Scotland
Nature of control
Ownership of Patterson Quarries shares – More than 25% but not more than 50%
Ownership of shares – More than 50% but less than 75% with control over the trustees of a trust
Occupation: Major Shareholder and Director in Patterson Quarries Limited

Thomas Duncan Anderson
Correspondence address: Gartsherrie Road, Coatbridge, ML5 2EU
Date of birth: March 1954
Nationality: British
Country of residence: Scotland
Nature of control
Ownership of shares – More than 50% but less than 75% with control over the trustees of a trust
Occupation: Shareholder and MD in Paterson Quarries Limited

• James Richardson
Correspondence address: Gartsherrie Road, Coatbridge, ML5 2EU
Date of birth: February 1947
Nationality: British
Country of residence: Scotland
Nature of control
Ownership of shares – More than 50% but less than 75% with control over the trustees of a trust
Occupation: Shareholder and Director in Paterson Quarries Limited

James Andrew Stickler
Correspondence address: Gartsherrie Road, Coatbridge, ML5 2EU
Date of birth: December 1972
Nationality: British
Country of residence: Scotland
Occupation: Finance Director in Paterson Quarries Limited

What is the structure of the company?

• Palmaris Services Limited was acquired in 2001 by the Patersons Quarries Limited (Parent Company)

• Sister companies:
1. Gartsherrie Engineering
2. G. Newberry Coach Builder’s

Below the Patersons Quarries Limited shareholding information is cited since it’s the ultimate controlling party:

• Statement of Capital (Share Capital)
Class of Shares: ORDINARY
Currency: GBP
Number Allotted: 4860335
Aggregate nominal value: 4860335
Prescribed Particulars:
A)Full Voting Rights B)Full Rights to participate in any and all distributions

• Statement of Capital (Share Capital)
Class of Shares: A ORDINARY
Currency: GBP
Number Allotted: 2141667
Aggregate nominal value: 2141667
Prescribed Particulars:
A)No Voting Rights B)Full Rights to participate in any and all distributions

• Statement of Capital (Totals)
Currency: GBP
Number Allotted: 7002002
Aggregate nominal value: 7002002
Total Aggregate Amount unpaid: 0

Full Details of Shareholders

Shareholding 1: The person holds directly or indirectly, more than 25% but not more than 50% of the shares in the company.
The person has the right to exercise, or actually exercises, significant influence or control over the activities of the trust, and the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the shares in the company.
Name: Mr William Paterson

Shareholding 2: The person has the right to exercise, or actually exercises, significant influence or control over the activities of the trust, and the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the shares in the company.
Name: Mr Thomas Duncan Anderson

Shareholding 3: The person has the right to exercise, or actually exercises, significant influence or control over the activities of the trust, and the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the shares in the company.
Name: Mr James Richardson

What is the prospect’s strategy and ambitions?

Palmaris Services Limited strategy:

Employees

• Making sure all IT systems and processes work properly
• Delivering clear company policies and guidelines
• Building a safe, comfortable and healthy workplace
• Providing fair competitive rates of pay, rewards and benefits
• Promoting Equality and Diversity
• Responding sensitively to organisational changes
• Developing Talent
• Defined Contribution Pension Plan & other long-term employee benefits

Customers

• Getting Feedback
• Help Desk Management
• Alarm Receiving Centre Upgrade
• Customer support
• Transparent Cost Policy
• Subcontractor Approval List
• Subcontract Monitoring

Environment

• Carbon Footprint (Carbon Footprint accredited company)
• Waste and Resources (Encouraging recycling culture)
• Measuring and monitoring business uses resources
• Reducing Measures (carbon footprint, printing, recycling, lighting, switch off policy, water, heating and air conditioning, business travel emissions, low footprint supply chain’s)

Community

They invest in the communities where their employees live and work.

Examples of investments:

• Summerlee Heritage Park, Coatbridge
• Restoration of the Heritage Park culminating in a grand opening with HRH Princess Anne
• Motherwell Athletics Club and various other local sports clubs/football teams Sponsorship of their youth teams
• The Variety Club Donating half of the funds for 2 ‘Sunshine Coaches’ sponsored by POG and Gartsherrie Engineering
• Dykefarm Quarry
• Creation of community Nature Reserve in partnership with Moffat & District Community Initiative

Who are the prospect's customers?

The company works with private clients in the UK and businesses. Palmaris has built an extensive and diverse clientele across all markets. They have achieved over the last 5 years a client retention rate of over 98%.

What does the prospect consider important for its customers?

  • Building positive relationships with clients
  • Being guided by what the customer wants and needs
  • Embracing changes
  • Understanding customers’ requirements and pain points
  • Working collaboratively with competitors if that’s for their clients’ benefit
  • Offering completely tailored services

Who are the prospect's staff?

The average number of persons employed by the company, including directors, during 2018 was 456. (2017:657)

2018 2017
Cleaning 232 Cleaning 381
Security 198 Security 250
Management 26 Management 26

Employee Reviews on Indeed

Overall Rating: 3.2/5

Analytical Rating:

  • Work-life Balance: 3.1/5
  • Pay & Benefits: 2.9/5
  • Job security & advancement: 2.7/5
  • Management: 2.5/5
  • Culture: 2.7/5

CCTV Operator/Controller (Former Employee) – Glasgow – 15 July 2020 (4/5)

“Decent Company/Depending On Role

Worked For Palmaris For Nearly 2 Years As A Controller, Company Was Decent At Times But Could Be A Downfall At Times When Called Upon, Worked Hard To Ensure Team Passed SLA Each Month, Free Uniform/ Replaced, Issues Solved When Arisen, Sometimes Hard To Get In Contact With, But My Overall Rating 7/10”

Pros

Shift Pattern, Overtime, Staff, Management, Free Uniform, Ongoing Training

Cons

Pay Rate, Cover Staff

 

Security Officer (Former Employee) – Cumbernauld, North Lanarkshire – 13 January 2020

“Depends where you work

I worked a few years ago in a certain famous shopping centre in Cumbernauld where the worst management was for many years let this job down, security supervisor was not much better. Palmaris were OK all they did was pay wages and check on you occasionally, but the centre management was terrible. Under new management now and things should improve.”

What are the prospect’s unique selling points (USPs)?

• Strong reputation with over 25 years of experience
• Their services are guided by their customers’ and markets’ needs
• High quality electronic security services, monitoring clients’ security 24/7 and 365 days a year
• Competitive prices
• Completely Tailored services
• Focus on clients of different sizes
• All Inclusive FM solutions

What are the prospect’s business activities and potentials?

The principal activity of the company in the year under review (2018) was that of contract cleaning, site security, retail security, CCTV monitoring and the provision of facilities management services.

To be more specific in its website Palmaris describes extensively the following services:

• Manned Security
• Cleaning Services
• Property Services
• Electronic Fire & Security
• Parclive

Annual Report File

Locations
Head Office
1 Northbound Road
Coatbridge
ML5 2HY

Parclive Head Office (part of Palmaris Security Services):
Gartherrie Road
Coatbridge
ML5 2HY

Social Media

Facebook
Twitter
LinkedIn

Who are the prospect’s competitors?

Competitors List (alphabetical order)
Criterion: Industry subcategory, Company Size and Product

FES Group Limited
Employee Count: 1,001-5,000 (based on their LinkedIn Profile, section “About”)

Kingdom Services Group Limited
Employee Count: 2,836:2019

Robertson Group Limited
Employee Count: 2,640:2019 (till March)