An operator of residential care homes for children – based in England

Offers invited.

Key Highlights

– Has also developed excellent working relationships with other relevant parties, such as schools and healthcare providers.

– Four out of five of its homes rated ‘Good’ by Ofsted. The final home and the school are both due an inspection in 2024, with our clients anticipating a favourable result.

– Demand for care provision is particularly prevalent in the local operating area and for children with learning, emotional and behavioural needs.

– Further purchasing opportunities are being sourced that will facilitate ongoing expansion both locally and further afield.

-Experienced management team in place to run the business post-sale, with each home individually managed by a fully qualified manager.

– Three of six properties are owned by the company, with the others leased from private landlords. The shareholders are looking to acquire one of the rented properties.

Financial Highlights

– YE23 turnover of £3.5m.

– Adjusted EBITDA of £1.15m achieved in the same year.

– Projected turnover of £3.9m, with an adjusted EBITDA of £1.3m.

– Turnover expected to rise to £5.9m in YE25, with an adjusted EBITDA of £2.1m.

– Property assets in use by the company valued in excess of £1.5m comprising three childrens’ homes and a school. The shareholders are willing to include the properties in the sale on a freehold basis.

– Portfolio of additional properties, which are in the process of being registered as homes. This could create a substantial rise in turnover, with potential to increase the number of beds available to 35. This is expected to generate an EBITDA in excess of £3m.