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Contract cleaning

Reference
S6190
Turnover
£5m to £10m
Sector(s)
Business services, Real estate activities, Service industries
Region(s)
London, South East England
Added
10 May 2019

Business description

Specialising in daily cleaning for commercial offices and retail parks, the Company also provides washroom supplies and subcontracts window cleaning & landscaping services.  

Core of 130 clients across 200 sites, many of which have been clients for over 20 years. Strong relationships with owner/occupiers and managing agents, the latter providing the Company with a pipeline of new business as and when they secure new clients.  

Management estimate the split of sales between owner/occupiers and managing agents at roughly 50% each. The company does not work for FM companies, preferring private clients which value service quality and reliability.

The HQ team is focused, and outsources functions such as HR & Payroll, accounting, making integration into an acquirer easier.

The Company generated revenue and profits of c.£5m and +£1m for the past few years, with strong cash flow.  The gross and EBITDA margins are in the top quartile in the industry driven by a strong focus on client requirements and the control of overheads.

Accredited to UKAS ISO 9001:2015 and UKAS ISO 14001:2015 and was one of the first cleaning companies to be accredited to the latest standard.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 4,537 1,093
2018 (Actual) 4,582 1,134
2019 (Forecast) 5,031 1,248

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