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Reference: 148833

ID: MV0113

Specialist Healthcare Company Based In The UK

United Kingdom

A healthcare provider specialising in audiology and occupational health services.

Reference: 148833

ID: MV0113

Register Interest
Turnover:
£2m
Profitability:
28.9%

Business Description

The company specialises in audiology and occupational health services as well as accessories and software
through its e-commerce shop.

Audiology services include complimentary hearing tests comprising pure tone testing, tympanometry, tinnitus assessments and more. The company also provides hearing aids and earwax removal services.

Occupational health services comprise medicals and health checks such as vision testing, respiratory assessments, dermatological evaluations and exposure to chemicals monitoring. Services can be delivered onsite or in a clinic and are tailored to meet the budgets and needs of organisations.

Offered for sale to facilitate lifestyle changes, with shareholders willing to provide a handover period to the new owner.

Financial Summary

  • YE20 turnover surpassing £2 million, up from £676k in YE17.
  • Adjusted EBITDA for YE20 of £577k.
  • A High gross profit margin of 58%.
  • On course to generate turnover in excess of £2.48 million in YE20, with adjusted EBITDA rising to circa £810k.

Investment Rationale

  • The company operates from four leasehold premises owned by the shareholders, with room for expansion.
  • Has an online store which has shown huge growth during Covid 19 and has an online app for mobile phones being launched later in the year.
  • Services are provided on-site, at the company’s centres or within clients’ homes.
  • Growth could be achieved through the opening of additional centres, enhancing its product offering and diversifying into other areas such as paediatrics.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.

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