VEN2939

Fast-Growing Contract Cleaning Company with Industry-Leading Margins

SE England UK
 

Providing services to a diverse client base encompassing a large number of sites with ongoing contracts across Greater London. An experienced management team run day-to-day operations autonomously from shareholders.

Key Aspects:

  • Work diversified across all commercial sectors affords the company protection from individual downturns in trade, further supported by a c89% client retention rate over the last five years.
  • No one client represents more than 3% of turnover, resulting in no over-reliance.
  • Industry-leading profit margins, improved year-on-year, as a result of a well-managed operational model targeting small to medium-sized contracts.
  • Year-on-year organic growth in revenue rarely seen in the industry, achieved through minimal client attrition & a focus on long-term relationships.
  • Strong & growing order book, with clients on rolling contracts, resulting in significant recurring revenue.
  • Multiple accreditations by industry bodies, demonstrating a commitment to industry & environmental standards.

    Opportunities:

    • Increase sales by expanding the provision (& related marketing efforts) of complementary maintenance services - already provided on demand by the company - to its existing client base.
    • Capitalise on increasing current custom from property management clients, expanding operations to accept work outside of current regional footprint.
    • Secure larger contracts through expansion of tendering process.
    • Streamline operational effectiveness by continuing the roll-out of digital management tools, to support future growth.
    • Opportunity for an acquirer to expand the company's geographical reach, whilst securing a significant foothold in Greater London.
    • Ideal bolt-on opportunity for a cleaning services or facilities management firm to acquire an established & rapidly growing business.
       
       
       
      Year:

      2016

      Actual

      £'000

      2017

      Actual

      £'000

      2018

      Actual

      £'000

      2019

      F'cast

      £'000

      Turnover4,1564,8265,6406,296
      Gross Profit:1,3831,7432,1442,392
      Adj. EBITDA *601617877960
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited