Security Firm MTC Sees UK Revenue Slump After Contract Loss 2026

Daniel Harrolds
Security Firm MTC Sees UK Revenue Slump After Contract Loss
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Security firm MTC reported a sharp UK revenue slump after losing the Manston asylum centre contract, yet a new deal could deliver up to £539m. The Management & Training Corporation (MTC) saw sales fall from £28.4m to £17.6m in 2025, pushing the UK arm into a £1.6m loss. Despite this, the company's highest-paid director received a 5% raise to £211,000.

MTC's UK Contract Rollercoaster

The company's contract to provide “security and care” at Manston ended last September. A public inquiry had described the site as “overcrowded, squalid and insanitary” between June and November 2022. The loss of this contract drove MTC UK from a £1.3m profit in 2024 to a £1.6m loss in 2025.


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However, MTC Definitive—a joint venture majority-owned by MTC UK—won a new six-year contract in May for processing small boat arrivals through the Irregular Migration Management Services. This covers two sites: Manston and the Western Jet Foil in Dover, with a possible four-year extension.

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Financial Impact of the New Deal

The new contract starts at £462m and could reach £539m if fully extended to ten years. This potential windfall contrasts sharply with the recent UK revenue slump, highlighting the volatile nature of Home Office outsourcing.

Metric 2024 2025
UK Revenue £28.4m £17.6m
Profit/Loss £1.3m profit £1.6m loss
Highest Director Pay £201,000 £211,000

Connection to US Immigration Crackdown

MTC's parent company in Utah operates prison and job training centres in the US, including detention centres used by Immigration and Customs Enforcement (ICE). During Donald Trump’s presidency, ICE received significant funding increases and faced criticism for brutality. This link has drawn scrutiny from UK politicians like Labour MP Ellie Reeves, who criticised high executive salaries at such firms.

Key Takeaways

  • MTC UK revenue dropped 38% after losing the Manston contract.
  • The company posted a £1.6m loss in 2025, reversing a 2024 profit.
  • New small boats processing contract could be worth up to £539m over 10 years.
  • Executive pay rose despite losses, sparking political criticism.
  • MTC's US parent runs ICE detention centres central to Trump-era immigration policies.

FAQ

What is MTC and why did its UK revenue slump?

MTC (Management & Training Corporation) is a private security and detention firm. Its UK revenue slumped after the Home Office ended its contract to manage the Manston asylum centre, which had been criticised for overcrowding and poor conditions.

How much could MTC earn from the new UK asylum contract?

The Irregular Migration Management Services contract is initially worth £462m over six years, with a possible four-year extension bringing the total to £539m. This would cover processing centres at Manston and Dover.

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What is MTC's connection to ICE in the United States?

MTC's Utah-based parent company runs detention centres used by Immigration and Customs Enforcement (ICE), which expanded under Donald Trump's presidency. This has led to criticism from UK lawmakers about the company's ethics and executive pay.

As MTC navigates both a UK revenue slump and a lucrative new contract, the business implications extend far beyond the balance sheet. The company's role in immigration enforcement continues to spark debate on both sides of the Atlantic.

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Daniel Harrolds

Author

Daniel Harrolds

With a career spanning four decades, Daniel is almost a library in the field of precious metals investing and Gold IRAs. His insightful strategies and pragmatic results-oriented approach make him a resource in safeguarding wealth, and financial foresight.


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