BUSINESS AND ASSETS FOR SALE – Project Magnet

Project Magnet is an opportunity to acquire a CQC registered home care business based in the North East of England. The business has been trading for over 6 years and during this period, has developed an excellent reputation within the region. A combination of contracts with individuals as well as commercial, with the majority of clients being sourced via local authority contracts. The management team are supported by a small team of experienced staff members.

Key Features

•	Experienced management team with excellent industry reputation
•	Opportunity to grow brand
•	Ideal opportunity for an investor within the same industry
•	Local authorities have advised that contracts are non-assignable.

Opportunity

•	Extracts From Financial Statements:
•	Profit & Loss Extracts Year Ended
•	Turnover YE 2023 £1,122,981 / YE 2022 £960,322 / YE 2021 £803,739
•	Adjusted Cost of Sales YE 2023 (£1,185,530) / YE 2022 (£1,002,977) / YE 2021 (£826,592)
•	Tax YE 2023 (£38,082) / YE 2022 (£42,252) / YE 2021(£16,287)
•	Losses for Year YE 2023 (£100,631) YE 2022 (£84,906) YE 2021 (£39,140)
•	Balance Sheet Year Ended
•	Fixed Assets YE 2023 £11,105 / YE 2022 £5,895 / YE 2021 £5,314
•	Current Assets YE 2023 £782 /YE 2022 £11,933 / YE 2021 £18,981
•	Creditor Falling due within one year YE 2023 (£233,277) YE 2022 (£116,900) YE 2021 -
•	Creditor Falling due after one year YE 2023 (£28,021) / YE 2022 (£49,573) / YE 2021 (£89,341)
•	Other Creditors YE 2023 (£2,182) / YE 2022 (£2,317) / YE 2021 (£1,010)
•	Reserves YE 2023 (£251,593) / YE 2022 (£150,962) / YE 2021 (£66,060)

Offers

•	All interested parties will be required to sign a non-disclosure agreement
•	A full pitch deck will then be made available and the management team are available for further discussions as required.

Contact Details

Tim Kendrick

Leinard Curtis

timothy.kendrick@leonardcurtis.co.uk