Asset Solutions Group is a major provider of specialist retail and financial support services. Logo

Asset Solutions Group is a major provider of specialist retail and financial support services.

Previously trading as OCS Asset Solutions, the business - Asset Solutions Group, which will trade as Retail & Asset Solutions and Vehicle & Asset Solutions in the UK and Retail & Vehicle Solutions in Ireland - is a leading provider of supply chain management, stocktaking and merchandising services to the grocery and general retail sector, as well as vehicle and asset auditing to the finance and banking sector. Customers include big brands Sainsbury’s, Jack Willis, Tesco and Close Brothers.

As well as providing highly-trained, on-site personnel for major outsourced stocktaking and merchandising assignments, the business has also developed specialised expertise in RFID technology for stock accuracy and loss prevention as well as supply chain assurance services; helping retailers track and verify goods received from suppliers, checking pick accuracy and supplying ‘Good Faith Receiving’ (GFR) programs.

For wholesale vehicle and asset funders, the group provide an independent audit facility utilising GPS vehicle monitoring technology, as well near-field communications (NFC) technology for dealer self-audit services.

In June 2018 LDC backed the management buyout of OCS Asset Solutions, from international facilities management services company, OCS Group Ltd. The deal, which includes a £13m investment from LDC, will see the firm’s six-strong management team co-invest for a significant stake.

Following the deal, the management team plans to invest further in technology-enabled services, consolidate the company’s position in the UK and review expansion opportunities into several overseas markets where it sees significant growth potential.

Bringing on board an experienced investor like LDC means we can now accelerate investment in our services and further unlock the potential we see across our business and the markets in which we operate, both in the UK and overseas. Lois Heywood, CEO, Asset Solutions Group