Very long established business which designs, develops and manufactures high quality Scientific Laboratory and Field equipment for use within the Medical and Laboratory Sciences sectors.
The present owners of the business are planning to retire completely once a suitable handover period has been completed.
The business’s products enjoy an enviable reputation for high quality, so much so, that they are widely regarded as ‘the gold standard of reference’ in their particular field of MedTech.
Much of the company’s revenue is made up of recurring income from routine service and the supply of the consumables needed to operate the equipment. It is the sole supplier of the consumables which attract high margins, and it also derives significant income from the regular servicing of the equipment.
A portable version of the equipment is in development and will shortly be available for prototype trials.
The company has ISO 13485 accreditation.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2020 (Actual) | 953 | 356 |
| 2021 (Actual) | 874 | 281 |
| 2022 (Actual) | 1,050 | 463 |
| 2023 (Actual) | 1,492 | 761 |
The present owners of the business are planning to retire completely once a
suitable handover period has been completed.
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