Premier Custodial Group (PCG) is a joint venture company equally owned by Serco Group plc (Serco) and Wackenhut Corrections Corporation (WCC). WCC has responsibility for the operational control of the business and Serco the financial control and HR aspects.
It is anticipated that on 2 July 2003, Serco will become the sole owner of PCG.
PCG was formed in 1992 and manages contracts ranging from prisons, a secure training centre, an immigration centre (with a second in the course of construction), escorting and court custody services and electronic tagging. Its turnover in 2002 was £127.4 million.
Serco is one of the world's largest public service companies operating on a global basis in a diverse range of sectors, including defence, aerospace and science, public transport and traffic management, health, education, justice and local government.
Serco is focused on the public sector which represents around 90% of its business and has a strong public service ethos with the UK government having been its principal customer for 40 years. In partnership with customers and staff Serco aims to enhance service levels and operational efficiency by shortening decision making chains, reducing bureaucracy and achieving continuous improvement.