Our client is a support services business specialising in the condition survey, repair and refurbishment of a range of different commercial structures both above and below ground.
Indianapolis is debt free. There are specific reasons, outside the company’s control, which led to the reduction in turnover during FY2018. This situation has been resolved with turnover and EBITDA returning to historic levels. Further detail is contained in the Information Memorandum.
Recent new client wins, combined with an already strong order book, are expected to increase turnover significantly in the future. In addition, rate rises have recently been agreed under a Framework Contract which will lead to improved gross margins.