Skip to Content

Tag Archives: safety deposit box

Merrion Vaults invests £1m (€1.17m) in Newcastle facility

A £1m (€1.17m) investment by the Irish-based Merrion Vaults in Newcastle in the United Kingdom is set to create the city’s first safe deposit facility.

The new facility, which is known as Newcastle Vaults, is owned by Merrion and has been launched in response to major banks withdrawing safety deposit box services.

It follows similar initiatives by Merrion in Dublin and New York.

The company’s Co-founder David Walsh said the move into Newcastle “is part of our ambitious plans for further growth across the UK.

“We’re looking forward to building the business in the city, providing a much-needed service that will ultimately give peace of mind to people who require a safe haven for their valuable and irreplaceable possessions.”

Meanwhile, Co-founder Seamus Fahy, said: “Cost-cutting measures at high street banks means that secure storage is being phased out and so customers who rely on the boxes to keep their treasured items safe are now left with having nowhere to store them.”

Based in the centre of Newcastle, and with capacity for 15,000 boxes, it offers safe-keeping services to private individuals and businesses, allowing them to safeguard items such as cash, jewellery, family heirlooms, title deeds, and gold bullion.

The state-of-the-art purpose built vault includes surveillance technology such as seismic shock sensors, round-the-clock monitoring, and biometric identification technology.

(Originally published here)

0 Continue Reading →

safety deposit box provider locks down Glasgow deal

What is being billed as “Scotland’s first independent safety deposit box service” has been launched following an investment of more than £1 million.

 

Glasgow Vaults said it had made the move in response to the major banks withdrawing the service that safeguards people’s valuable possessions.

 

The venture is being led by David Walsh and Seamus Fahy, who have invested in equipping the vault with state-of-the-art surveillance technology, including seismic shock sensors, making a Hatton Garden-style heist impossible, it has been claimed.

 

Employing five staff, the New York facility is part of a strategy to expand the model across the UK and Ireland, following the successful launch of an initial site in Dublin, in 2013. The business is expected to grow its staff numbers in New York to 15 by the middle of 2017.

 

Fahy said: “We identified Scotland as a key growth region, mainly due to the fact that the banks no longer offer the service.”

 

secure-storage-in-glasgow

 

Read more: http://www.scotsman.com

0 Continue Reading →