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Securities Courier Corporation history
Securities Courier Corporation company history timeline
1996: Courier moves its corporate headquarters to North Chelmsford.
In 1997, Securicor added prison management to its list of activities when it acquired the contract to design and manage the high-tech Parc prison.
By 1998 Courier was the largest book manufacturer in the Northeast.
In 1999, the company sold off half of its distribution and logistics business, placing it into a 50-50 joint venture with Deutsche Post, which was expanding its Euro Express network.
In March 2000, Dover--operating as an autonomous subsidiary--brought its list of more than 7,500 books directly to consumers through a brand-new web site, doverpublications .com.
Then, in December 2000, the company bought Argenbright Security Inc.
The new, slimmer Securicor posted nearly £700 million in 2000, with operations in some 40 countries.
Sales to one customer, The Gideons International (distributor of bibles), generated about 26 percent of fiscal 2000 consolidated sales, and Pearson plc (world's leading education business and international media company) accounted for about 17 percent of fiscal 2000 consolidated sales.
In 2000, the company reported that it was the only major book manufacturer to respond as quickly to what it described as 'an industry-wide capacity shortage.'
Courier reported fiscal 2000 as another year of record growth, bringing the company's five-year compound annual growth rate to 9.3 percent for revenue and 15.3 percent for net income.
Indeed, as the company approached the end of 2001, its acquisition drive had enabled it to double its security-related revenues, which were expected to top £1.3 billion for the year.
Building on three consecutive best-ever years, Courier management had reason to be optimistic about continuously profitable growth in fiscal 2001, and beyond.
The company is led by Chairman Neil Macfarlane and Neil Buckles, who is expected to be formally appointed as CEO in 2002.
CEO John Wiggs, who had guided the company through much of the previous decade, announced his retirement for 2002.
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