A provider of employee vetting services

The company is a provider of industry-specific employee vetting and background checks, catering to a single sector that employs over 200,000 people in locations across the UK. The industry requires significant levels of security across critical daily operations, meaning that employees have to undergo screening before beginning work.

Benefitting from an excellent reputation within this sector, the company has developed relationships with several blue-chip organisations, including an exclusive arrangement with one of the industry’s largest operators.

The company is being offered for sale to facilitate lifestyle and career changes for the shareholders, some of whom have stated that they would be willing to remain with the business in some capacity.

Offers invited.

Key Highlights

Services include the collation of detailed employment records and references for each applicant covering a five-year period, and assistance in completing applications for various security checks.

Caters to 42 clients nationwide, all of which provide regular repeat business, with some relationships spanning more than 15 years.

Operates from leasehold premises in the South East, benefitting from close proximity to many of its largest clients

Considerable opportunities to explore international opportunities with its current clients, or to extend services to other sectors with rigorous security requirements.

Financial Highlights

Turnover of £887k for YE23.

Adjusted EBITDA of £217k achieved in the same year.

The industry the company operates in was heavily affected by Covid-19; however, it has since made a strong recovery, as evidenced by the increased turnover generated by our client.