Operating nationwide, the company provides a comprehensive service offering that includes expert witness testimony; fire audits and risk assessments; Authorising Engineer work; construction advice; and fire door surveys.
The company has an outstanding professional reputation within the sector with multiple clients secured on five-year agreements. Its client base comprises public sector bodies, hotel chains and retailers, many of which provide regular repeat business through contracts for annual fire audits and risk assessments.
Our clients are offering the business for sale to facilitate personal long-term retirement plans. They are happy to remain with the company for a mutually agreed, specified handover period to ensure a successful transition to new ownership.
Key Highlights
- Expert witness testimony generates circa 50% of revenue, with the Company’s reputation in this area exceptionally positive.
- Benefits from a high volume of revenue from Authorising Engineer work for the public sector.
- Excellent industry reputation results in a high volume of referral work, particularly in terms of expert witness services.
- Considerable scope for further growth within its current sectors, which could be achieved through recruitment as well as sales and marketing activity.
- Operates from leasehold premises, with scope to be managed from any location.
Financial Highlights
- FY24 Projected turnover of £1.6m and adjusted EBITDA of £850k.
- FY23 Turnover of £1.4m and adjusted EBITDA of £720k.
- 180% increase in turnover between FY19 and FY23
- 80% gross margin
- Pipeline of secured and tendered work currently in excess of £3.5m.
- Long-standing contracts in place for fire audit work, generating 20% of annual revenue, with additional income from follow-on work.
