Project Sidra provides a wide array of speech-to-text solutions through its innovative technology, which is integrated in organisations across the public and private sectors.
The feature-rich solution is driven by a combination of transcriptionists and AI; the business is ideally positioned to capitalise on further AI advancements.
The company offers transcription, translation, captioning and associated services, operating as an all-encompassing provider of sought-after speech-to-text solutions.
Our clients are now offering the business for sale to facilitate their retirement plans. Offers invited.
Key Highlights
- Provides services across sectors such as medical, legal, academia, corporate and data migration.
- Primarily operates in the UK; strategy in place to enhance uptake across other English-speaking regions, including Europe and the US.
- Lucrative preferred supplier agreement has been extended, and many client relationships have been retained for over five years.
- Well placed to take advantage of opportunities within the transcription industry, including the forthcoming European Accessibility Act.
- Overseen by proficient directors who operate autonomously with little input from the shareholders; management team is fully capable of moving the business forward.
- Operates from leasehold office premises in Northern England.
Financial Highlights
- Generated a YE24 turnover of £2.5m, with an adjusted EBITDA of circa £700k.
- Forecast to achieve a turnover of £4.6m by YE27, with the adjusted EBITDA expected to increase to £1.5m.
- 70%+ of revenue is secured from the buoyant medical and healthcare industry.
- In excess of 84% of clients provide repeat business through licence agreements and ongoing requirements.
- All clients are retained on contracts, and 35% of the turnover is attributed to exclusive and / or preferred supplier agreements with prestigious clients.
- Strong pipeline worth £290k, and five prospective clients that are anticipated to generate a combined £275k per annum.
