Supported Accommodation Provider for Care-experienced Young People

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 utilised 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.

– 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 £1.8m, with an adjusted EBITDA of approximately £677k.