Croma Security Solutions Group (LSE:CSSG) has acquired A. Butler & Sons, which trades as William Channon, in a cash transaction estimated at £1 million and funded from the group’s existing resources.
The acquisition gives Croma a permanent presence in London and adds William Channon’s commercial locksmith and access control operations to its existing security services network.
William Channon recorded £1.1 million turnover in 2025
Based in Holborn and founded in 1917, William Channon serves commercial customers including museums and universities.
The business generated unaudited turnover of £1.1 million in 2025 and recorded a small pre-tax loss. Its net assets were broadly in line with the estimated £1 million purchase price.
William Channon’s managing director will remain involved for a short transition period on a consultancy basis.
Croma plans to restructure the acquired business and said it sees opportunities for cost synergies and for offering additional security services to William Channon’s existing and larger corporate customers.
Acquisition expands Croma’s London operations
The transaction forms part of Croma’s acquisition strategy following the sale of its man guarding business in 2023. The company has been acquiring and integrating locksmith businesses as it develops a national network of security centres.
The William Channon acquisition provides Croma with a base in the London market while adding an established commercial customer portfolio to the group.
Croma Security Solutions Group provides locksmith, fire and security services to domestic and commercial customers. The AIM-listed company is headquartered in Southampton and operates security centres serving sectors including health, education, leisure, entertainment and utilities.
Leave a Reply