HL Deb 31 October 1990 vol 522 c1887WA
The Lord Brougham and Vaux

asked Her Majesty's Government:

What plans they have for the future of the Property Services Agency.

Baroness Blatch

In May Coopers and Lybrand Deloitte were commissioned to advise on the privatisation of PSA Services. In the light of their analysis of the markets in which PSA Services operates and the implications of this for the sale we have decided that PSA Services will be restructured into two main businesses, one dealing with project management and design, and the other with maintenance. The Security Group will transfer to DOE (Property Holdings). The restructuring will make it possible for PSA Services to be offered for sale in more than one part, not necessarily at the same time, but we do not rule out purchase by a single buyer.