CONFIDENTIAL SALE
FOR SALE
620738
157073 / Rightbiz
The company is a provider of industry-specific employee vetting and background checks, catering to a single sector that employs over 200,000 people in locations across the UK. The industry requires significant levels of security across critical daily operations, meaning that employees have to undergo screening before beginning work.
Benefitting from an excellent reputation within this sector, the company has developed relationships with several blue-chip organisations, including an exclusive arrangement with one of the industry’s largest operators.
The company is being offered for sale to facilitate lifestyle and career changes for the shareholders, some of whom have stated that they would be willing to remain with the business in some capacity.
Offers invited.
Key Highlights
Services include the collation of detailed employment records and references for each applicant covering a five-year period, and assistance in completing applications for various security checks.
Caters to 42 clients nationwide, all of which provide regular repeat business, with some relationships spanning more than 15 years.
Operates from leasehold premises in the South East, benefitting from close proximity to many of its largest clients
Considerable opportunities to explore international opportunities with its current clients, or to extend services to other sectors with rigorous security requirements.
Financial Highlights
Turnover of £887k for YE23.
Adjusted EBITDA of £217k achieved in the same year.
The industry the company operates in was heavily affected by Covid-19; however, it has since made a strong recovery, as evidenced by the increased turnover generated by our client.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'A provider of employee vetting services – based in South East England - 157073 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.