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Healthcare recruitment to NHS & private sector

Reference
S6201
Turnover
£2m to £5m
Sector(s)
Health & care, Recruitment
Region(s)
West Midlands
Added
21 May 2019

Business description

The company offers a specialist recruitment service, providing experienced registered nurses, healthcare assistants and support workers.

Securing a number of large contracts with NHS Trusts and leading care organisations, the business has become an approved and preferred supplier for several of its clients.

Having built up the business since its inception, the shareholders are now offering the company for sale to facilitate lifestyle changes and are willing to support the new owner for a handover, subject to negotiation.

Offers invited.

Highlights

  • The service offering also encompasses comprehensive healthcare training,which includes mandatory training packages and bespoke specialist courses.
  • Receives consistently high audit scores, including an annual audit of 100% (platinum) from the NHS audit team.
  • Strong second-tier management team in place able to manage the day-to-day operations.
  • Long-standing client relationships, with some in place since inception.
  • Operates from premises leased to the company by the shareholders which could be included within the sale, subject to negotiation.
  • The premises retain scope for further expansion of the business with capacity for an additional 12 members of staff.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 3,298 370
2018 (Actual) 2,677 193
2019 (Actual) 2,355 303

  • Achieved turnover of £2.3m in YE19, with adjusted EBITDA of £300k.
  • Strong balance sheet, with shareholder funds of circa £800k.

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