This is a tech backed company offering an online compliance solution for contractors entering high and low hazardous sites. The company is now very well established and gradually taking market share from its more traditional competitors.
The tech and systems of the company have been developed to result in only two human touch points in the process, allowing the current directors to work less than 10 hours a week, with only one full time admin staff member.
A recently upgraded tech platform gives a buyer the opportunity to expand the product into different industries, as well as developing its offering to existing customers.
With several thousand users of the product, a sticky, repeat customer base, moveable operations and sales in over 40 countries, the company is in a prime position for further expansion.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2022 (Actual) | 419 | 325 |
| 2023 (Actual) | 463 | 336 |
| 2024 (Actual) | 543 | 394 |
| 2025 (Forecast) | 635 | 478 |
| 2026 (Forecast) | 717 | 536 |
2025 figures include 8 month actual and 4 month forecast figures. The company is on track to deliver 2025 forecast performance.
Retirement of one of the shareholders
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