Chief executive, Nick Buckles, remains in his post.

In July, that problems with the company's scheduling system were partly to blame for the shortfall of over 3,000 security staff for the Games.

G4S won the security contract with LOCOG, the organisers of the Olympic Games, after it submitted a tender at least 25 percent lower than any of its competitors. However, it later revealed that it was not going to be able to fulfil its contractual commitments and the Home Office was forced to deploy thousands of soldiers to cover the shortfall.

G4S has said that the firm faces a penalty of up to £20 million for failing to deliver on its £284 million contract, as well as having to pay the Ministry of Defence (MoD) £30 million for providing the troops, bringing the total cost to £50 million. However, Buckles has stated that he still expects to claim a management fee of £57 million.

that three police authorities in the UK are still considering outsourcing their organisational support services to G4S. Bedfordshire, Cambridgeshire and Hertfordshire have said that they plan to continue developing a business case that will consider the company, which would cover IT outsourcing.