AN RICS ACCREDITED, CHARTERED SURVEYING PRACTICE

Overview

An RICS accredited, Chartered Surveying Practice, offering a comprehensive range of services for Clients, operating nationally within the Legal and Insurance sectors.
In brief, the company is an approved supplier for several major Loss Adjusting Companies, who have strict compliance, and requirements for their Suppliers. As such, there is a high barrier to entry to this marketplace, where Insurance claim volumes are increasing year-on-year.
Our Clients are offering the company for sale to facilitate their retirement plans. They are willing to provide a mutually agreeable handover period, if required.
Offers invited.

Key Highlights

All Clients provide reliable, repeat business on an ongoing basis.
Clients include Insurers, Brokers, Loss Adjusters, Solicitors, Councils, and Housing Associations.
90% of the company’s income is derived from contracted revenue.
Experienced and knowledgeable Management Team, which is able operate the company with minimal support.
Operates from Leasehold premises, which can be included in the sale, on a rental or freehold basis.
Potential to increase service offering, by incorporating Homebuyer Surveys and Valuations into its portfolio.

Financial Highlights

Turnover of £479k in YE23 with an EBITDA of £211k.
Average gross profit margin of 80% over the last four financial years.
Turnover expected to reach £1m by YE24.
Average instruction per month volume has risen from 31 to 72 between October 2022 and May 2023.