First high-tech safe deposit vault opens in Royal Liver Building

The city’s first safe deposit box facility has opened at Liverpool’s Royal Liver Building.

A £1m investment has transformed the 1,500 sq ft basement in to a state-of-the-art purpose-built vault which includes surveillance technology such as seismic shock sensors, round-the-clock monitoring and biometric identification technology.

When the Royal Liver Building was built, a vault was constructed in the basement as an integral part of its security.

Liverpool Vaults offers 1,000 safe deposit lockers, protected by cutting edge security and sophisticated technology, which surpasses the standards set by banks.

The facility allows private individuals and businesses to safeguard their most valued possessions in a secure vault.

The Liverpool vault is run by parent company Merrion Vaults, Europe’s largest independently owned safe deposit company.

Established in 2013, the company was founded by entrepreneurs Séamus Fahy and David Walsh after they identified strong demand for the service.

Since opening its first vault in Dublin, Merrion Vaults has expanded across England and Scotland. The Liverpool opening marks the latest step in the expansion plans for the firm, with vaults already up and running in Glasgow, Newcastle and Dublin.

Fahy said: “This is our first facility in the North West and the response has been excellent, with enquiries from both businesses and private individuals.”

“Our goal from the beginning was to create a world-class independent safe deposit box facility. Liverpool Vaults gives clients complete discretion, unparalleled security and absolute piece of mind.”

Walsh, added: “With many major banks no longer offering safe deposit box services to customers, we have seen a huge demand for our facilities, as companies and individuals look to secure their valued possessions safely.

“The Liverpool opening is part of our ambitious plans for further growth across the UK. We are looking forward to establishing the vault in the city and providing a much-needed service which allows customers to store their valuable and irreplaceable possessions.”

The company now employs 10 people and this is expected to increase to 15 over the next six months.

Hitchcock Wright & Partners acted on behalf of Merrion Vaults.