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Domiciliary care

Reference
S8819
Turnover
£1m to £2m
Sector(s)
Health & care, Service industries
Region(s)
East Midlands, West Midlands
Added
10 May 2022

Business description

The business delivers a high standard of domiciliary care to adults in the Midlands, tailoring its services to the need of individual clients.

Offering short-term, long-term and palliative care, staff carry out a range of tasks for clients, including assisting with personal care, the administration of medicine, meal preparation and other domestic duties.

The business caters to 83 active clients, predominantly aged over 55, receiving regular income from contracts with social services, NHS Continuing Healthcare, and private individuals.

Offered for sale to facilitate its continued growth under the impetus of a new owner.

Offers invited.

Highlights

  • Utilises a mobile app to communicate with families, provide real-time care information and receive any updates regarding care provision, including changes to medication. 
  • Strong second-tier management team in place to support an experienced network of care workers. 
  • Operates from ideally located leasehold premises, which feature a training centre. 
  • In an excellent position from which it can explore opportunities for growth, including the development of its service offering, geographic expansion and increased marketing activity.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 764 104
2021 (Actual) 1,650 247
2022 (Forecast) 1,806 509
  • Turnover of £1.8m, with an EBIT of £886k.
  • Strong year-on-year growth, with turnover increasing by over 136% between YE20 and YE22. 
  • Profit margin of 49%, with expectations that this will increase in YE23 due to higher rates being charged by a local county council client. 
  • Strong pipeline of future work, having recently secured a contract that has the potential to generate up to £6m. 
  • Tendered opportunities could generate a further £400k in revenue.

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