do speed cameras make money?
do speed cameras make money?
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Discussion

e8_pack

Original Poster:

1,384 posts

201 months

Wednesday 4th July 2012
quotequote all
I see loads around Leeds and have yet to see one flash and I remember hearing about cameras being turned off when the cuts started, though this doesn't appear to have happened in Leeds.

so with the maintenance, employing personnel to change films, running a van or two and the admin to manage the information, do these cameras actually make any money?

Mr Sparkle

1,933 posts

190 months

Wednesday 4th July 2012
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I read the fixed ones cost some insane figure like £50-60k, don't know if true...

Dave Hedgehog

15,574 posts

224 months

Wednesday 4th July 2012
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i suspect they make a fortune when they first go up but when people become wise to them they are only going to catch out people out of there area

rumple

12,616 posts

171 months

Wednesday 4th July 2012
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Some do, depends the location, the one at the bottom of the M11 reputedly made millions, others run at a loss, I expect the warning signs and painting them yellow made a dent in revinue as people started noticing them

martin84

5,366 posts

173 months

Wednesday 4th July 2012
quotequote all
I remember reading a few years ago (maybe 2008) that the total profit from speed cameras for the previous year was around £30million, which is fk all really.

Scuffers

20,887 posts

294 months

Wednesday 4th July 2012
quotequote all
martin84 said:
I remember reading a few years ago (maybe 2008) that the total profit from speed cameras for the previous year was around £30million, which is fk all really.
define profit?


martin84

5,366 posts

173 months

Wednesday 4th July 2012
quotequote all
Scuffers said:
define profit?
Profit is the money the Safety Camera Partnership's were left with after paying their operating costs. The last I heard the rules were they had to either invest that profit into more cameras or hand it over to the Government.

blueg33

43,795 posts

244 months

Wednesday 4th July 2012
quotequote all
Scuffers said:
define profit?
Profit = Income - cost (its not hard smile ) (or do you work in the public sector wink )

martin84

5,366 posts

173 months

Wednesday 4th July 2012
quotequote all
Just found some information dating back to 2006 which states in that year cameras raised £120million in speeding fines, leaving Partnerships with a total profit of £18million (so £102million in operating costs, fking hell).

Scuffers

20,887 posts

294 months

Wednesday 4th July 2012
quotequote all
blueg33 said:
Scuffers said:
define profit?
Profit = Income - cost (its not hard smile ) (or do you work in the public sector wink )
right, now define 'costs'


martin84 said:
Just found some information dating back to 2006 which states in that year cameras raised £120million in speeding fines, leaving Partnerships with a total profit of £18million (so £102million in operating costs, fking hell).
exactly!

e8_pack

Original Poster:

1,384 posts

201 months

Wednesday 4th July 2012
quotequote all
martin84 said:
Just found some information dating back to 2006 which states in that year cameras raised £120million in speeding fines, leaving Partnerships with a total profit of £18million (so £102million in operating costs, fking hell).
as someone pointed out, a new camera will no doubt make more money, so surely that margin has decreased?

Scuffers

20,887 posts

294 months

Wednesday 4th July 2012
quotequote all
most of the problem was the 'service contracts' etc. that ramped up the costs.

some people have made a lot of money out of these (Serco is the obvious one)

martin84

5,366 posts

173 months

Wednesday 4th July 2012
quotequote all
In 2010 the Scottish Daily Record reported that Scottish speed cameras collected £3million in fines in 2009, but its operating costs neared £7million with the Scottish Government making up the difference.

A typical Gatso costs between £20,000 and £40,000 to install, depending on where it's going. You've got the costs of replacing the films, repairing cameras, salaries of employees and all the other associated costs of running a company of any type. Presumably it soon mounts up.

e8_pack

Original Poster:

1,384 posts

201 months

Wednesday 4th July 2012
quotequote all
So are their days numbered! ? Sounds like a poor business.

blueg33

43,795 posts

244 months

Wednesday 4th July 2012
quotequote all
e8_pack said:
martin84 said:
Just found some information dating back to 2006 which states in that year cameras raised £120million in speeding fines, leaving Partnerships with a total profit of £18million (so £102million in operating costs, fking hell).
as someone pointed out, a new camera will no doubt make more money, so surely that margin has decreased?
15% net profit margin is pretty good TBH. Many businesses that are considered successful have net margins lower than that

veevee

1,458 posts

171 months

Wednesday 4th July 2012
quotequote all
martin84 said:
In 2010 the Scottish Daily Record reported that Scottish speed cameras collected £3million in fines in 2009, but its operating costs neared £7million with the Scottish Government making up the difference.

A typical Gatso costs between £20,000 and £40,000 to install, depending on where it's going. You've got the costs of replacing the films, repairing cameras, salaries of employees and all the other associated costs of running a company of any type. Presumably it soon mounts up.
Find it hard to believe that these aren't digital if they cost £40k - going round collecting and replacing films sounds archaic. Bet 40k gives some warranty too, that just leaves salary - but whichever way you do it, someones going to have to do the admin. The cameras might be running at 'a loss', but how much profit does the police force make?

martin84

5,366 posts

173 months

Wednesday 4th July 2012
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According to...

http://www.speedcamerasuk.com/gatso.htm

...the film runs out after 400 pictures

deeps

5,425 posts

261 months

Thursday 5th July 2012
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Here in Somerset all the fixed cameras have been switched off.

The speed camera partnership was disbanded on April 1st last year (or was it the year before, time flies) and now there are police camera vans scamming drivers on roads where they know the average speed of the traffic is going to be above the speed limit i.e. ex NSL roads that have been dumbed down to 40 then 30, but the 85th percentile speed of the road remains above the dumbed down limit.

The so called speed awareness courses are fully booked months in advance, and they offer them twice a day per venue in many towns throughout the county. The revenue at £80 per head multiplied by 25 (or is it 30 heads) multiplied by 2 sittings per day multiplied by many venues per day is fairly colossal over the course of the year, multiplied by 50 counties nationwide?

So in answer to the OP's question, yes speed cameras are a licence to print operating under the pretence of road safety. I'd like to know how much the course directors are creaming off, I suspect they are multi millionaires. What a racket!

deeps

5,425 posts

261 months

Thursday 5th July 2012
quotequote all
martin84 said:
In 2010 the Scottish Daily Record reported that Scottish speed cameras collected £3million in fines in 2009, but its operating costs neared £7million with the Scottish Government making up the difference.
I guarantee there's more to that story than meets the eye. £3 milion my arse!

uncle tez

539 posts

171 months

Thursday 5th July 2012
quotequote all
There was a speed camera not far from me that has been taken down. Apparently it was costing the council too much to service and maintain it but they dont see any of the money it makes so they just got rid of it. I dont know who pays for the camera in the first place though.