The company has assembled a wide product range comprising in home careline alarms, fall detectors and epilepsy monitors, which are designed to detect and alert a 24/7 monitoring centre in the case of any incidents.
The business utilises a subscription service model, which has established profitable, ongoing revenue streams
The company operates within the elder care marketplace, which offers substantial long term growth opportunities with very low exposure. The market currently has over 1.2 million careline alarm users in the UK, which is forecast to grow dramatically over the next few years. Our clients are now offering the business for sale to facilitate further growth under the impetus of new ownership. Offers invited. Generated a turnover of £2.1m in YE23, with an adjusted EBITDA in excess of £661k. Turnover for YE24 is forecast at £2.4m, with an adjusted EBITDA of £920k. Maintained a net profit margin of 64% in YE23, achieving over £1.3m in gross profit. Over 65% of monthly income is derived from ongoing customer contracts, generating £1.4m in revenue over the last 12 months. Consistently strong performer, attracting over 10,000 online visitors per month, connecting over 400 new customers and achieving a conversion rate of over 2.5%.
Core customer base is domestic, with new channels being opened up in local authorities, retirement developments, and care homes. Enjoys an enviable Excellent 4.7 customer service rating on Trustpilot. Established strong relationships with industry-leading manufacturers. Benefits from extensive endorsement from its brand ambassador, who has worked with the company for 10 years. Operates from leasehold premises.