Business sale

COMPANY OVERVIEW

– Specialist provider of facilities management services to the education sector

– Services include commercial cleaning, site supervision, caretaker absence cover, deep cleaning, painting and decorating, key holding, and kitchen catering staff

– Supplies a range of janitorial products, chemicals, paper towels and other consumables

– Local authority backed customer base, with approx. 80% income from customers on annual service level agreement contracts

KEY HIGHLIGHTS

  • Consistent year-on-year growth in turnover and profit
  • Forecasted growth in turnover for FY22 based on confirmed contracts won
  • Niche supplier to the education sector with limited competition for the full range of services offered
  • Proven ability to cross-sell full range of services, develops longstanding customer relationships
  • Regular site visits by supervisors ensures excellent service, high quality standards and numerous positive customer testimonials
  • In-house training provided to all staff with ongoing support
  • Further opportunities for growth in key holder service, kitchen catering staff and eCommerce capability for consumable product sales

FINANCIAL PERFORMANCE

Year ended 30 April2019 Statutory £’0002020 Statutory £’0002021 Statutory £’0002022 Forecast £’000
Turnover84168339396
Gross profit4274112143
GP%50.0%44.0%33.0%36.1%
EBITDA325982113
If you have any questions or would like to discuss the opportunity further, please get in touch using the button below.
Peter Kelly

PM+M Corporate Finance is a trading name of PM+M Corporate Finance Limited, a company registered in England and Wales No. 03661920. Regulated by the Institute of Chartered Accountants in England and Wales (ICAEW) for the provision of corporate finance and associated investment advice.

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