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Deal Opportunities.co.uk

the UK marketplace for company sales

Cleaning services

Reference
S12141
Turnover
£2m to £5m
Sector(s)
Miscellaneous, Service industries
Region(s)
London
Added
02 December 2024

Business description

Operating across London, the company is a commercial cleaning company that primarily caters to hospitality venues, covering both front- and back-of-house areas of the clients’ premises, including commercial kitchens. Additional revenue is generated from office and multi-occupancy residential properties, with the latter covering commercial areas for landlords.

Services are designed to provide a one-stop solution, covering daily cleaning services, carpet / upholstery cleaning, and window cleaning.
Throughout its time in operation, the company has developed long-standing relationships with some of the most prestigious venues in the hospitality industry, placing it in a strong position for continued future growth through word-of-mouth referrals and the continued expansion of its clients, with new work often arising without the need for tendering.
The company is being offered for sale to facilitate the shareholders’ retirement.
Offers invited.

Highlights

  • Services are flexible to the needs of individual businesses, including attendance at any hour of the day.
  • Works with 57 clients in total, operating across 118 individual locations, many of which require daily cleaning.
  • Excellent reputation that enables it to attract new work without any requirement for tendering.
  • Growth is expected from within the company’s existing client base, with many clients seeking out its services as they open new sites.
  • Current success has been achieved with little marketing activity, suggesting considerable scope for growth if this was explored.
  • Experienced management team in place to lead business post-sale.
  • Operates from serviced office premises in Central London.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 907 225
2022 (Actual) 2,709 814
2023 (Actual) 3,311 1,179
2024 (Actual) 4,109 969
2025 (Forecast) 5,282 890
  • Management turnover of £4.1m for YE24, with an adjusted EBITDA of £970k.
  • Turnover expected to increase to £5.3m in YE25, with an adjusted EBITDA of £1.1m.
  • Commercial clients account for 98% of the company’s overall revenue, with most work generated through rolling contracts.

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