The company is a highly respected provider of person-centred support services, specialising in supported living and community support services for individuals in the UK.
Operating on a regional basis, the company has earned an excellent reputation for the quality of the services that it provides and the strength of its workforce, which has enabled it to secure a number of significant, long-term framework agreements with local authorities.
The shareholders now offering the business for sale as they explore potential exit plans, presenting an ideal opportunity for a buyer to acquire a successful company that retains ample scope for further expansion.
Key Highlights
- Specialises in supported independent living, personal care and community support services for adults aged 18 and 65 years old with autism, learning difficulties or mental health illnesses.
- Also offers services catered to children aged between 14 and 17 years old to support their transition to adult services.
- Currently works with several local authorities through long-term framework agreements, providing a consistent stream of business, with 75 active service users.
- Operates on a regional basis, having secured a significant market share within its core geographic region.
- Highly experienced management and directly employed support staff in place, capable of managing the business on a largely independent basis, post-sale.
- Operates from several leasehold premises, including a dedicated head office and several residential/support properties.
Financial Highlights
- Turnover of circa £3.6 million in YE23, with an adjusted EBITDA of £570k.
- Turnover projected to rise to £5.1 million in YE24, with adjusted EBITDA also expected to increase to circa £1.1 million.
- The company has achieved consistent year-on-year growth across the last three years, with turnover and adjusted EBITDA increasing by 268% and 736%, respectively, between YE21 and YE23.
- Benefits from long-standing framework agreements with local authorities, ensuring that future revenue is secure.
- Strong pipeline in place for the coming year, with a combined total of over 4,800 projected hours’ work each week across several sites, equating to projected annual revenue of circa £2.9 million.
