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the UK marketplace for company sales

Facilities management

Reference
S12131
Turnover
£10m to £25m
Sector(s)
Electricity, gas & water supply, Service industries
Region(s)
UK Wide
Added
29 November 2024

Business description

Project Eyas provides a full facilities management solution for private and public sector clients throughout the UK.

The company’s services include, but are not limited to, painting, decorating and pre-paint repairs; cyclical and preventative maintenance schedules; fire-protective coatings and fire stopping; and refurbishments.
The businesses’ scalable activities enable it to effectively work within numerous premises types, such as residential properties, schools, hospitals, universities, care homes, hospitality outlets, and public buildings and structures. This includes occupied, sensitive and high-risk environments.
Our clients are now offering the company for sale to facilitate the managing director’s pursual of other, unrelated business interests. Offers invited.

Highlights

  • Multi-accredited company, retaining approvals from bodies such as ISO, Constructionline Gold, Acclaim SSIP, CHAS and SafeContractor. 
  • Agreements in place with well-known suppliers. 
  • Maintained long-term relationships with prestigious clients across the social housing, education, healthcare and property management markets. 
  • Strong management team in place, which can operate the business autonomously post-completion. The team also includes directly employed operatives. 
  • Employee-owned entity, which has played a major role in business development and staff retention. 
  • Ideally positioned to diversify the service offering and capitalise on opportunities within decarbonisation and fire protection. 
  • Operates from five leasehold offices ideally situated across the UK to facilitate nationwide activities and further geographic expansion.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 5,945 37
2022 (Actual) 7,721 551
2023 (Actual) 9,627 776
2024 (Actual) 11,759 1,097
2025 (Actual) 18,200 2,297
  • On course to deliver a YE25 turnover of £18.2m, with the adjusted EBITDA expected to increase to £2.3m. 
  • Generated a YE24 turnover of £11.8m, with an adjusted EBITDA of £1.1m. 
  • YE26 forecast turnover of £20.5m and adjusted EBITDA of £2.8m.
  • Often highly positioned on frameworks, which facilitates consistent, diversified revenue streams; over 80% of income secured through contracts, and no individual client generates more than 10% of the turnover. 
  • Over 70% of the clients utilise the company for repeat works, owing to the cyclical and ongoing nature of facilities management services. 
  • Current portfolio of agreements, some of which span into 2029 and beyond, is worth £123m+ in total. 
  • Tender success rate of 62.5%. 
  • Asset register worth circa £870k included in the sale, primarily comprising a fleet of sign-written vehicles.

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