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Deal Opportunities.co.uk

the UK marketplace for company sales

Facilities services to office-based and retail clients

Reference
S8031
Turnover
£1m to £2m
Sector(s)
Construction, Miscellaneous, Service industries
Region(s)
London
Added
15 September 2021

Business description

Catering to offices and retail establishments in London, the company is a provider of facilities services, including maintenance, cleaning, removals and storage.
The company caters to 40 commercial and retail clients across a diverse range of sectors, including some blue-chip organisations. Circa 95% of clients provide reliable, repeat business on an ongoing basis, with some relationships spanning up to 40 years.

The Shareholders are offering the company for sale as they wish to pursue alternative, unrelated interests.

Offers invited.

Highlights

  • Generates 40% of its turnover from ongoing contracts.
  • Strong second-tier management team in place. 
  • Operates from leasehold premises. 
  • Many opportunities for expansion, including the diversification of its client base.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2018 (Actual) 1,460 125
2019 (Actual) 1,839 209
2020 (Actual) 1,145 55
2021 (Forecast) 1,385 224
  • Turnover of £1.1m with an adjusted EBITDA of £80k.
  • Turnover expected to reach £1.3m in YE21, based on 9 months trading.
  • Turnover rose by c28% between YE18 and YE19, demonstrating a strong trend towards growth.

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