Overview
Description
Based in Southern England
Overview
Offered for sale is a provider of numerous security disciplines, such as manned guarding, mobile security, keyholding and response as well as installation and maintenance of intruder and fire alarms, CCTV and access control.
Operating for over 15 years, the company has built up a comprehensive range of services to provide a one-stop-shop of security solutions for customers in its geographical area of operation.
Demonstrating its attention to detail and commitment to success, the business is accredited under various registered institutions, such as the SIA Approved Contractor Scheme and SafeContractor.
Having built up a highly reputable business, our clients are now offering the company for sale to facilitate their retirement plans. Offers invited.
Key Highlights
– Has developed a long-standing client base comprising individual domestic clients, SMEs, large corporations, and public bodies.
– Operates across a comprehensive range of sectors, such as industrial, commercial, educational, public, and residential.
Currently works with 842 clients, 98% of which provide reliable streams of ongoing revenue.
– Robust and dedicated team of engineers, administrators, and security officers in place, which is led by an extremely experienced, professional, and well-established management team.
Operates from leasehold office premises.
Financial Highlights
– YE23 turnover in excess of £2.1m with an adjusted EBITDA of £350k.
– The majority of contracts are on an evergreen basis however the organisation benefits from several significant long term agreements.
– The business has a healthy tender and new starts pipeline with circa £480K of annual revenue contracts being expected to start in 2024.
– Growth in the installation section of the business identifies several imminent project starts including alarm installations with individual values up to £22k.
– Our clients indicate that when tendering, the company has a 75% success rate.
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