A new private vault- Newcastle Vaults- launched last month in the United Kingdom. Located in Newcastle upon Tyne (Newcastle), the most populous city in the north-east of England, the first independent safe deposit box facility in that region opened its doors on December 11, 2016. From the “About” page on the non-bank vault’s website:
Newcastle Vaults is part of a larger collection of vaults including Glasgow Vaults Scotland and Merrion Vaults Ireland – the largest independently owned safe deposit box centres in both countries. We offer safe-keeping services to private individuals and businesses, allowing the safeguarding of their most valued possessions in a secure state-of-the-art purpose-built vaults.
Our Vault facilities offer safe deposit boxes and lockers in various sizes to suit all client requirements. Smaller boxes are perfect for the storage of cash, jewellery, precious metals, valuable coins and computer back-up discs. The mid-size boxes are designed to keep documents and papers, house deeds and other important items. The large boxes would be ideal for luxury watch collections or jewellery items in-boxes, and are designed to hold larger amounts of valuables, paperwork and even artwork which need to be stored securely. We are also the only safe deposit box company to offer high security private walk-in vaults for the storage of fine Art and/or valuable furniture.
We are situated in Cloth Market, in the centre of Newcastle. We aim to provide a unique and five star service to our clients, ensuring the safety and security of their most valued possessions, documents, jewellery and irreplaceable items.
Newcastle Vaults, Glasgow Vaults & Merrion Vaults were founded by Séamus Fahy and David Walsh…
There’s also the following from a January 5 article on the website of the Safe Deposit Federation (SDF blogged about here), of which Newcastle Vaults is an approved member:
Boasting an underground/basement vault, with 7 day access – Newcastle Vaults has a range of box sizes available for rent on a monthly or yearly basis. Prices start at less than £3 per week (£150 per year), fully insured, with free insurance for year 1 on any locker/box rental…
With multi-level security access for clients, including Bio-metric fingerprint entry and facial recognition access, the vault is state-of-the-art and offers 5 star service and surroundings for box holders. “Our intention is to offer a world-class facility and service, with unsurpassed security and privacy for our clients, across all of our facilitys” says Nigel Doolin – Communications Director with the company – “We are looking at other locations in the UK and will strive to constantly improve both our service and offering with each new opening.”
In addition to being an SDF approved member, the Newcastle Vaults home page indicates it is also a registered company with the Financial Conduct Authority (FCA), “the conduct regulator for 56,000 financial services firms and financial markets in the UK and the prudential regulator for over 24,000 of those firms.”
It was also mentioned in that piece on the Safe Deposit Federation website that Newcastle Bullion, “a premium gold buying and selling service based in Newcastle,” is also located within the same facility as the vault. From Newcastle Bullion’s website:
We offer clients the facility to buy and/or sell gold coins or bullion at highly competitive prices. Our pricing is based upon the realtime / current spot trading price of gold throughout the day. Call us to receive an up to the minute quote on your gold purchase or sale. We are located within the same facility as Newcastle Vaults allowing our clients a complete purchase and storage solution within the one location…
We offer our clients the ability to purchase all of the leading gold coins such as; krugerrands, gold sovereigns, gold eagles, gold maples, Australian kangaroos plus many other varieties and types of gold coin. We also stock the finest quality gold bullion bars in a variety of sizes from 1 gram, 5 gram, 10 gram, 20 gram and 1 troy ounce up to 1 kilo from gold refiners such as Umicore and Argor Hereaus…
(Editor’s note: Bold added for emphasis)
Congratulations to Newcastle Vaults on their launch. Offshore Safe Deposit Boxes wishes them all the best with their new safe deposit box facility. For more information about Newcastle Vaults, visit their website here.
By Christopher E. Hill
Offshore Safe Deposit Boxes (www.offshoresafedepositboxes.com)
(Editor’s note: The mention of entities marketing themselves as private vaults outside the U.S. offering safe deposit boxes/lockers at a minimum, or other businesses named above, should not be construed as confirmation of services claimed to be provided or any sort of recommendation. A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)