Acquisition Opportunity – Reactive Property Maintenance and Support Services Business

Fri 06 Mar 2020

Mazars LLP have been engaged in respect of this company based in south Bedfordshire.

There is an opportunity to acquire the business and assets of the company, or the shares of the company, which carries out property maintenance and support services for a wide range of clients, including national restaurant and pub chains, health care, retail and supermarket chains.

Key selling points

• High-quality national customer base which is growing through word of mouth;
• Good debtor book with prompt payment and little aged debt;
• Currently showing strong signs of recovery from a previous Brexit impact, tendering for new contracts and work is flowing again under existing contracts;
• Leasehold premises with good transport links, however, business is easily relocatable.

Financial Highlights

The company’s latest draft accounts to July 2019 detail turnover of £3.19m, with filed accounts for the previous two years detailing turnover of £3.78m – 2018, £3.64m – 2017; EBITDA £22k – 2019, £269k – 2018 and £322k – 2017.

Detail

The company was established over 20 years ago and specialises in property services and maintenance solutions. The company carries out an extensive range of services 24 hours a day, 365 days a year.

The company enjoys a customer base which includes supermarkets, restaurant chains, retail outlets, pub chains and NHS trusts, as well as local authorities.

The business currently employs 41 staff members including three directors; some staff are based at the company’s premises whilst others are mobile engineers.

Contact

Interest is invited for the purchase of the business and assets or the shares of the company, with further information available subject to a non-disclosure agreement.  Should you wish to receive further information on the opportunity, please contact Rebecca Dacre in the Milton Keynes office at rebecca.dacre@mazars.co.uk.