Aviation medical assessments provider

Project Datolite offers various medical examinations, primarily for pilots and airline personnel. The assessments include, but are not limited to, Class I and II for pilots, and Class III for ATCOs; fit-to-fly and airside driver examinations; and associated revalidations and renewals.

The company generates supplementary revenue through medical examinations for other activities, such as driving.

Operating in a high-barrier-to-entry market, the business has retained its prominence through numerous approvals. These include the CAA and EASA, enabling the examinations to meet the regulatory requirements set out by international governing bodies.

Our clients are now offering the company for sale to facilitate the majority shareholder’s retirement plans, and to encourage growth utilising the resources of a new owner. Offers invited.

Key Highlights

– Works with over 3,000 clients, having maintained lucrative relationships with prominent aviation brands.

– Many clients travel to the company’s premises from overseas, demonstrating the strong demand for its services.

– A management succession is already taking place; the multi-skilled team is capable of effectively operating the business without the shareholders’ input.

– Operates from freehold and leasehold premises in Southern England, which are ideally situated close to airports and other transport links; the freehold site will be included in the sale.

– Significant scope to diversify the service offering and expand operations near to other airports in the UK.

Financial Highlights

– Forecast to achieve a YE25 turnover of £1.55m.

– YE24 management turnover of £1.48m.

– Generated a YE23 turnover of £1.29m, with an adjusted EBITDA of circa £593k.

– Average gross profit margin of 64% between YE21 and YE24.

– Has retained a large share within the aeromedical assessment market.

– A strong recurring revenue model is in place, spearheaded by the frequent renewal requirements of many certificates. Circa 80% of clients provide repeat business.

– Up to 40% of the income is derived from individual pilots; this is expected to rise as the company becomes the preferred supplier for additional airlines.

– Asset register valued at £100k included in the sale.