The company has traded for 20 years, and all customers and sites are based in the North East of England.
The business has 3-year contracts with approximately 35 customers. These contracts generate c£40,000 per annum.
The standard contract involves:
- Acting as the client’s Competent Person under the “Management Regulations”
- Annual Health & Safety Audit and report
- Proactive advice on changes affecting the client
- Reactive advice via telephone and email
These contracts have a high renewal rate.
The company generates additional revenue of approximately £40,000 per annum from the above customers through:
- Site inspections – Regular and one-off
- Training – Formal on-site and classroom
- Training – Informal “toolbox” sessions
- Applications for client accreditations under CHAS and Safe Contractor schemes
- Registrations with Constructionline and other industry databases
The business has minimal overheads and is currently run by the owner with a great deal of flexibility and ample free time.
There are substantial opportunities to develop the business by adding additional services, and extra clients and actively marketing the services.