Wed, 23 Jun 2021 | BUSINESS NEWS
Regulatory and health and safety company Marlowe has seen its annual pre-tax profit rise 31 per cent, following a year in which it completed 15 acquisitions. In the year to March 31 2021, Marlowe’s pre-tax profits rose to £17.1 million, while revenue rose by 15 per cent to £192 million.
The firm’s adjusted EBITDA rose 30 per cent to £28.7 million. Marlowe added that its current 12-month run rate revenues were £280 million, 83 per cent of which is recurring. Its run rate adjusted EBITDA, meanwhile, was £44 million.
The company is undertaking a three-year acquisition-focused expansion strategy as it looks to grow to £500 million in revenue. Following Marlowe’s 15 acquisitions in the year to March 31, it has since completed seven more acquisitions.
This month alone, Marlowe has acquired occupational health company Healthwork for £17.2 million and fire safety and security firm ACL for £7.2 million.
Marlowe CEO Alex Dacre commented: “We have continued to execute at pace upon the opportunity to build the UK leader in business-critical services and software across the governance, risk and compliance and the testing, inspection and certification markets.”
“We have made substantive progress in executing our merger and acquisition strategy, delivered further strong margin expansion and cash generation whilst organically building our base of recurring revenues, which now stand at over 83 per cent.”
“The platform acquisition of Ellis Whittam has transformed the scale of our governance, risk and compliance activities, and Elogbooks represents a significant step in the delivery of our digital strategy.”
Dacre added: “We have made a strong start to the new financial year, with good levels of organic growth, and look forward to delivering further profitable growth.”
“This progress underpins our confidence to continue executing our strategy and to achieve our medium-term targets through deepening our market share across our sectors, broadening our activities across the business-critical arena, strengthening our business via operational improvements and delivering on our digital strategy to reach compliance software revenues of around £50m."
Find businesses for sale here.
If you are looking for an exit, we can help!
This business, with a strong reputation and quality certifications, offers an attractive opportunity for industry players seeking to expand their client base and service offerings in the environmental and flood protection sector. Offered for sale to...
This is a prime opportunity to acquire a well-established company in Northern Ireland with a strong market share and solid relationships with blue-chip clients, ensuring 80% of turnover through contracted maintenance work. The business has a robust p...
An exclusive opportunity has arisen to acquire a high-end international matchmaking business based in the United Kingdom, renowned for its premium service and global clientele.
08
|
May
|
West Midlands IT firm acquired by US group | BUSINESS SALE
CSI Limited, a West Midlands-based provider of mission criti...
08
|
May
|
Drainage and civil engineering firm acquired by environmental services group | BUSINESS SALE
Glanville Environmental, a South West-headquartered drainage...
07
|
May
|
PE-backed accountancy completes 12th acquisition in three years | DIVISION SALE
Private equity-backed accountancy and professional services ...
27
|
Jul
|
Certification and quality management provider acquired at 9.1x EBITDA | BUSINESS SALE
IMSM Holdings Limited and International Management Systems M...
20
|
Oct
|
Acquisitive Marlowe Plc swoops for e-learning software firm in £25m deal | BUSINESS SALE
Marlowe Plc has announced that it has entered into an agreem...
10
|
Jun
|
Occupational health firm acquired at 6.6x multiple | BUSINESS SALE
Marlowe has acquired occupational health services firm Healt...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.