Turnover YE September 2023 = £3,912,932
Adjusted EBITDA YE September 2023 = c.£650,000
36 Clients, c.103 Community-based Carers & c.7 Nurses
Avg. 2,775 Hours P/W
Employed RM, Recruiter, Marketing Manager, Trainee Assistant Practitioner
Strong YoY Growth
Offers invited for 100% Share Sale
The Business:
The business was founded in September 2018 by the three current owners, two of whom were made redundant by another healthcare provider in 2017/18 that had decided to restructure and move out of the area. This left a large gap in the local market specific to complex healthcare for both children and adults in Norfolk and the wider East Anglia area.
With many years working closely with the local commissioning authorities, building relationships and with a deep understanding of what commissioners wanted from providers the company was created. Their main objective was to become the best supplier of Support Worker led complex care services in the area for both adults and children. A service that put top priority on quality which was always something that was felt to be lacking, especially from the larger, national healthcare companies that didn’t understand the bespoke requirements of the area.
The company initially started with one adult client in Norfolk but grew significantly in the first year also moving into children's services. Local knowledge of CHC requirements, geographical conditions and boundaries, staffing needs and a successful business model tied into already strong local relationships with the commissioning authorities which meant Ambition was very quickly able to become one of the leading providers in the area providing the right type of services in both a safe and timely way. The company has always put a great emphasis on staff retention, offering market leading pay rates to ensure that the clients supported have consistency in care and the stability that wasn’t always being provided by other companies.
From an early stage the company also invested heavily in employing an experienced internal office team able to handle the demands of company growth whilst maintaining the high levels of care being delivered. This was another key area for the company to establish itself as feedback from commissioning authorities had often reflected frustrations in larger providers trying to deliver services in the area without much local presence.
Service Overview:
They specialise in providing complex care for children and adults and can therefore provide care for clients from all ages from newborn babies up to elderly care. They are an approved provider for Norfolk County Council which means they can also take some lower tier clients with less interventions. As it currently stands approximately 85% of clients sit with the Norfolk adult and children’s ICB (complex care) with the remaining 15% funded through Suffolk ICB (complex care) and the Local Authority.
Due to having experienced Adult and Paediatric trained Nurses as part of their internal clinical team they can provide care for a wide range of needs as all training is delivered in a bespoke, client specific way meaning there are few limitations on the types of people they can support. The company is currently supporting clients of all ages with Spinal Injuries, Neurological conditions, ABI’s, Learning Disabilities, Dementia, Physical Disabilities, tracheostomy and ventilation management.
