Overview
Description
The company operates five care homes and a school for children with complex learning, emotional and behavioural needs.
The homes provide accommodation for up to 19 residents between the ages of seven and 18, whilst the school is registered for up to 10 children with mild-to-moderate learning difficulties, who benefit from a non-mainstream curriculum and education setting.
The company caters to local authority clients, with its position on a local framework ensuring that it has continued to generate a steady stream of business throughout its time in operation.
The company is being offered for sale to facilitate its growth under new ownership.
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.
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