Aviation safety consultancy

Reference

S12452

Turnover

£2m to £5m

Sector(s)

Aviation, Professional & financial

Region(s)

UK Wide

Added

15 April 2025

Business description

As a highly reputable consultancy, Project Avion provides clients with oversight, training, and consultation on all aspects of aviation safety.

Utilising an extensive team of auditors, instructors, and consultants, the company can often respond to demanding and complex audit programmes across the world with little notice, serving notable airlines and industrial companies of all sizes.

Demonstrating its attention to detail and commitment to quality, the business is one of only a handful globally to have been accredited by numerous prestigious organisations, all of which are supplemented by strategic memberships.

This high barrier to entry has led to the formation of strong relationships with a multitude of notable airlines across the globe, resulting in the company remaining highly profitable with exceptional future growth potential in multiple areas.

The company also boasts strong links to the aviation insurance community, with one partnership already in place, and another expected to commence in 2025.

The shareholders are flexible and open to all discussions in terms of exit and post-sale dynamics.

Our clients are now offering the business for sale to facilitate growth under the impetus of new ownership. Offers invited.

Highlights

• Has designed its own auditing process to exceed the extensive requirements of clients and other regulatory bodies.

• Holds a significant market share in a multitude of aviation auditing programmes.
• Works with a broad spectrum of clients, including flag carrier airlines, small regional carriers, oil and gas companies, and mining companies.

• Operates across all continents, with auditors covering over 24 different languages.
• Generates recurring revenue from contracts with core clients, which accounts for circa 60% of turnover.

• 70+ freelance consultants strategically located across the globe, led by an experienced and knowledgeable second-tier management team.

• Operates from leasehold premises, comprising offices, a large meeting room, and training facilities.

Financials

	Turnover (£'000)	Adjusted EBITDA (£'000)
2022 (Actual)	3,255	827
2023 (Actual)	4,022	869
2024 (Actual)	3,974	1,010
2025 (Forecast)	2,500	833
2026 (Forecast)	3,200	1,035

• YE24 management figures indicate a turnover of £3.9m, with an adjusted EBITDA of £1m.

• YE25 projected turnover of circa £2.5m, which is expected to increase to £3.2m in YE26.
• Strong forward order book value with numerous clients in the oil and gas sector. Two are expected to generate €400k per annum for the next two years, with options to extend both contracts. The third client re-signed a contract in 2024 for three years plus two one-year options, which is set to generate a further €1m per year.

• Has 22 audits contracted for 2025 within a prominent safety audit programme, with a typical contract value of $10k. This is anticipated to rise to 60 by the end of 2025.

• Another €500k is expected to derive from a newly launched auditing programme in 2025 alone, with great potential for year-on-year growth.

• Is awaiting decisions regarding projects with three additional airlines, which could provide income of up to $180k.