Location of affected unit(s)
Administrative Services
Security And Investigation Activities
Private Security Activities
80.10 - Private security activities

160 jobs
Number of planned job losses
Job loss
Announcement Date
17 January 2019
Employment effect (start)
1 February 2019
Foreseen end date


Cash transport company SecurCash has entered administration which will result in the loss of 160 jobs across the Netherlands. In early January, the company filed for bankruptcy, but the court rejected the application; the judge found that there were sufficient funds to pay creditors and the bankruptcy was not requested for the right reasons. However, later in January the company was declared bankrupt, as an attempt to restart the business went wrong. The administrators have announced that the business will continue to trade until 31 of January 2019. SecurCash faced intense competition and low margins; its financial problems became acute due to the owner’s decision not to close the company’s losses with debt financing.

Previous restructuring took place in 2017, when 140 jobs were lost.



Eurofound (2019), SecurCash, Bankruptcy in Netherlands, factsheet number 96495, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96495.