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Asbestos removal & surveying

£1m to £2m
Miscellaneous, Professional & financial, Service industries
UK Wide
18 February 2021

Business description

Project Carnation specialises in high-quality and thorough asbestos removal and surveying services for private, public and commercial clients located across the UK.

The company strives to offer a seamless experience and a service that includes complete asbestos solutions, as well as providing a number of complementary health and safety services.

Since its inception, the company has continually adapted and developed its service range, enabling it to complete projects of diverse scales, whilst consistently providing high levels of customer service.


  • Highly reputable business trading for over 20 years.
  • Service offering includes thorough and detailed asbestos surveying and removal services, along with fire, legionella, noise and vibration risk assessments. 
  • Highly skilled and experienced workforce which enables the company to undertake large and complex projects. 
  • Enviable client base comprising a number of long-standing relationships with several well-established businesses 
  • Generates and sustains consistent revenue through the use of a strong online presence, as well as benefiting from referrals. 
  • Shareholders open to remain in operational roles, post-sale, to facilitate a further business development.


Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 2,546 557
2018 (Actual) 2,398 578
2019 (Actual) 2,451 490
2020 (Actual) 1,980 444
  • FY20 turnover of £1.9 million with adjusted EBITDA of £444k.
  • Consistent gross profit margin of 50% over the previous four years. 
  • FY19 turnover of £2.4 million with adjusted EBITDA of £490k. 
  • Secure pipeline value of £800k over the next few months.

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