The British Security Industry Association (BSIA) is pleased to confirm the sale of its remaining shares in Skills for Security Ltd to The Banks Foundation. This strategic decision marks the culmination of a multi-year growth journey, during which Skills for Security has flourished under BSIA’s stewardship and investment, alongside the guidance and input from The Banks Foundation in recent times.
Skills for Security is the UK’s leading fire and security training provider, committed to shaping the future of the industry through high-quality apprenticeships and specialist training.
With training centres across the UK, a growing network of industry partners, and a dedicated team of experienced staff, the company deliver hands-on learning that prepares learners not just to pass, but to thrive. Its mission is to raise standards, close the skills gap, and build lasting careers in the fire and security industry.
Full ownership of Skills for Security now sits with The Banks Foundation Ltd (TBFL), led by Simon Banks, who first acquired a 49.9% stake in 2022. Since then, Banks and the team have introduced greater structure to the business and are shaping a long-term vision centred on their commitment to apprenticeships and the fire and security sector.
The move marks a major milestone for SfS, which has grown rapidly over the last five years, training more than 3,500 apprentices across the UK, expanding the SfS team to 75, adding 7 new training centres and launching the Skills On-Demand digital learning platform to support continuous professional development across the sector.
With the transaction now complete, SfS will continue to work closely with the BSIA as a strategic partner. Both organisations have affirmed their commitment to raising standards and developing future talent across the industry.
David Scott, Managing Director of Skills for Security, said: “Becoming fully independent is an exciting milestone for Skills for Security. With TBFL’s continued backing, we’re committed to making sure the whole team shares in the growth and success of the organisation, providing all staff with the opportunity to benefit as we move forward.”
Martin Watson, Chairman of the BSIA, added: “Skills for Security has established itself as a leading training provider with a strong platform for future success. Although our shareholding has ended, we remain committed to working collaboratively on initiatives that support the development of skills and future talent for the industry.”
BSIA CEO Mike Reddington said in a further statement that its decision to sell its shares may raise questions from industry. The following highlights some of the key points and seeks to provide clarity on these points.
Why is BSIA selling its remaining shares now?
The transaction reflects the maturity and independence of Skills for Security, which is now well-positioned to scale nationally and diversify its training portfolio. BSIA’s decision to divest is not only a testament to the success of its investment strategy but also aligns with its broader mission to focus on sector-wide representation and advocacy.
What will the relationship of the BSIA and Skill 4 Security be like moving forward?
Despite now operating as fully independent entities, BSIA and Skills for Security remain deeply aligned in their values and strategic goals. They will continue to work together to champion high standards, professional development, and innovation across the UK’s private security sector.
Key areas of Ongoing Partnership
- Workforce Development
Skills for Security will maintain its BSIA membership and continue to support BSIA members through tailored training initiatives. A new BSIA-branded Skills-on-Demand platform is already in development for 2026, designed specifically for BSIA members powered by the Skills on Demand platform. - Industry Standards and Advocacy
Both organisations have pledged to collaborate on raising industry standards and supporting the UK security industry’s workforce development. This includes joint efforts in promotion of apprenticeships, CPD modules, and leadership training. Skills for Security will remain an active member of the BSIA moving forward. Discounts on commercial courses run by Skills remain ongoing via the BSIA Affinity Benefit program. - Strategic Alignment
The BSIA’s sale of remaining shares reflect the mutual respect and a shared vision. BSIA Chair Martin Watson and Simon Banks TBFL Chair, acknowledge the legacy of their partnership and expressed confidence in Skills for Security’s future. Each organisation will continue to attend and support one another at conferences and award ceremonies. Skills for Security has a robust leadership team and is scaling up operations nationally. The sale enables further investment in training infrastructure and innovation, ensuring continuity and improvement in programme delivery.
What are the implications for the wider security sector?
The sale will strengthen both organisations. BSIA continue to focus on advocacy and standards, while Skills for Security can accelerate its growth and diversify its offerings. Together, they will continue to support the UK’s private security industry.
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