FORECOURT CRIME FALLS IN FINAL QUARTER OF 2017

BOSS, the British Oil Security Syndicate, has published the latest results of the BOSS Forecourt Crime Index which reveals that incidents recorded by BOSS of crime on Britain’s retail forecourts fell by 12.2% during the final quarter (Q4) of 2017. However, the latest BOSS Index shows that the annual average initial loss per site, before any Payment Watch recovery stayed above £1,000, reaching £1,046, up from £890 in 2016.

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The BOSS Forecourt Crime Index is based on No Means of Payment (NMoP) incident reports that are made to BOSS as part of its Payment Watch scheme. During Q4 2017 the BOSS index fell to 107. The Index was down from 122 in Q3 2017 and down from 109 at the end of 2016 (Q4 2016). The index was established at 100 in Q2 2015.

 

During Q4 2017 the number of incidents reported per site fell to 5.8 (Q3 2017: 6.6). The average number of litres taken per incident fell slightly in Q4 to 35.9 litres (Q3 2017: 36.05). The fall in the average number of litres taken was more than offset by a 3% rise in the price of fuel to 121.1ppl (Q3 2017: 117.6ppl). As a result, the average initial loss per incident rose to £43.47 (Q3 2017: £42.40)

 

The fall in the average number of incidents per site in the quarter has more than offset the fuel price rise resulting in average initial losses per site during the quarter of £249.97 (Q3 2017: £278.20).

 

In the year ending with Q4 2017 the average number of incidents recorded per site was 25.1 with an average incident value of £41.71, resulting in the average initial loss per site, before any Payment Watch recovery, reaching £1,046, up from £890 in the previous year.

 

Kevin Eastwood, executive director of BOSS, said: “BOSS is recovering £1 million a year on behalf of forecourt retailers and we’ve worked hard to bring about a reduction in forecourt crime incidents during the final quarter of 2017. Rising fuel prices, however, contributed to an increase in the average initial loss before Payment Watch recovery of more than £1,000 a year for the average retailer.

 

“Any loss is unacceptable, and BOSS will continue to promote stronger partnerships between retailers and police forces. These can reduce losses for retailers, demands on police time, and bring persistent offenders before the courts. We still need retailers to remain vigilant and take responsibility to ensure that, where incidents do take place, the correct evidence is collected and retained.”

 

Forecourt crime is estimated to cost retailers more than £30 million pounds annually with some two thirds of crime resulting from Drive-Offs and the remainder coming from NMoP incidents. Since BOSS Payment Watch was introduced more than £4 million of NMoP losses have been recovered and returned to retailers.

Author: kimbarnard

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