Total Security Management Inc is in the business of ripping-off other security companies. How can they can do that? Well, here is the "masterplan": they rely on new security companies that are popping up all over the place these days. Then they subcontract these companies to service banks (TSM is in the business of providing security guards and mobile services for CIBC, TD Canada Trust, business that cannot survive without subcontractors). They offer great rates to their subcontractors, which they pay really slow or not at all. For a newly opened security company, their rates are irresistable! However, good-luck collecting from them!!!
The turnover for their providers is probably 100% every year. Because almost every single one of their providers have abandoned them for non-payment or slow payment of their invoices, and inability to reach anyone in accounts payable.
If you are a new security company you better think twice before taking any work from them. Check their credit and see if you still want to do business with them...
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