Supplier & Manufacturer of Healthcare Equipment Company for Sale

Reference Number: HBM053

Location: North England

Turnover: £2.7m

Status: Offers Invited

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Business Summary

  • An outstanding opportunity to acquire a highly successful manufacturer and supplier of healthcare equipment servicing local authorities, the NHS, residential care homes and private customers.
  • Based in the North of England, the company provides a range of specialist patient lifting products including ceiling and mobile hoists, profiling beds, stand aids and riser recliner chairs.
  • The company also manufactures its own range of moving and handling products including patient lifting slings, handling belts and bed rail bumpers. The company manufactures a standard range of products but also has the capability to manufacture bespoke equipment to a customer’s specification.
  • The company has over 150 customers with no one single customer accounting for more than 18% of the turnover.
  • The company also provides equipment servicing with a team of field service engineers, 24 hour callout and a quick breakdown service for all contracted customers. The service contracts for customers range from 3-5 years in length.
  • The business has grown significantly throughout the economic downturn and in the financial year to June 2014, turnover was c.£2.7m with an adjusted EBITDA of c.£585K (22%).

Products and Services

The company provides the following products as well as a comprehensive range of support services to maintain and repair them:

  • Ceiling Hoists
  • Mobile Hoists
  • Standaids
  • Patient Lifting Slings
  • Moving and Handling Equipment
  • Therapy and Changing Couches
  • Bathing and Showering Equipment
  • Bath and Pool Hoists
  • Profile Beds
  • Recliner Chairs

Employees

  • 2 directors + 4 Key Managers (non-shareholding) and 40 staff.

Premises

  • Recently acquired and refurbished high quality freehold premises consisting of approx. 15000 sq ft of manufacturing, showroom and office space. The Vendors preference is to retain the premises, so a new lease would be provided to the acquirer.

Reason for sale

  • The Vendors believe that the long term growth prospects for the company would be better served by working within the infrastructure of a larger company. Both Vendors will support a full handover of the business into new ownership and one of them, the MD who is 50 years old, would also be susceptible to staying with the company on a long term basis.

Financial overview

Year ending 30th June 2010-112011-122012-132013-14
Sales revenue£2,325,455£2,185,463£2,879,449£2,712,684
Net profit (before tax)£524,966£485,831£392,626£501,338
Percentage23%22%14%18%
Adjusted EBITDA£508,666£473,245£420,645£585,043
Percentage22%22%15%22%
Offers Invited

 

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