G4S, the leading global security company, announces that it has completed the sale of its UK children’s homes business ‘homes2inspire’.
LONDON, 08-Jun-2017 — /EuropaWire/ — G4S, the leading global security company, announces that it has completed the sale of its UK children’s homes business ‘homes2inspire’ to the Prospects Group, an employee-owned education, employment, training and care provider, for £11.4 million paid in cash.
The homes2inspire business provides tailored education programmes, training and care services to more than 80 young people in 18 homes across the Midlands as part of a number of contractual agreements with local authorities.
As part of the transaction, all employees including senior management in G4S homes2inspire will become part of the Prospects Group.
For media enquiries:
Head of UK Media – Michael Baker Tel. 020 7963 3333
For investor enquiries:
Director of Investor Relations – Helen Parris Tel. 020 8722 2125
The Prospects Group provides tailored education, employment, training and care products and services for people at all stages of life. Each year Prospects inspires more than 500,000 people to develop their potential and transform their lives. More than 1,400 professional and skilled colleagues provide practical support to vulnerable young people and children as well as adults in the local communities they are based across the UK. Prospects is one of the largest employee owned companies in the UK.
homes2inspire, G4S Children’s Homes business, is the leading provider of care, support and education programmes to more than 80 children aged 10-17 with social, emotional and behavioural difficulties in 18 homes located in Nottingham, Northamptonshire, Oxfordshire, Bedfordshire and Worcestershire, where the business works closely with local authorities.