Based in Southern England
Overview
With a wealth of expertise and knowledge in supporting vulnerable young people, Project Aster has built an exceptional reputation for the provision of support, guidance, education, and accommodation for care-experienced children and young people across southern England.
Committed to helping young people develop the practical and emotional lifelong skills they need to live independently, the company offers a variety of support models in either shared or independent accommodation.
The business can provide its services to children and young people who require accommodation and support, such as looked-after children, unaccompanied asylum-seeking children, young offenders, and young people with disabilities and mental health issues.
Having built a highly reputable organisation, our client is now offering the company for sale to facilitate growth under the impetus of new ownership.
Offers invited.
Key Highlights
heavily involved in the consultation with Ofsted for the regulation of supported accommodation, creating a high barrier to entry.
25 block beds and 19 call-off beds with a local council, with two new block beds currently in process and two block beds under negotiation.
14 beds are used by other local authorities.
Currently approved with a London framework as well as local authorities in Surrey, Bracknell, West Sussex, Dorset, Somerset, Portsmouth, Southampton, Bournemouth, Christchurch, and Poole.
a highly trained and dedicated workforce in place, led by an experienced second-tier management team.
operates from leasehold office premises.
passed stage two of recent Ofsted regulations.
Financial Highlights
YE23 turnover of circa £1.4m.
Adjusted EBITDA of £354k achieved within the same year.
Management figures indicate a turnover in excess of £1.7m for YE24, with an
adjusted EBITDA of £529k.
YE25 projections of £1.8 million, with an adjusted EBITDA of approximately £677k.
