Provider of supported living services

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.