BUSINESS FOR SALE – NOT FOR PROFIT MILITARY ETHOS EDUCATION CHARITY

Jun 27th 2019

NOT FOR PROFIT MILITARY ETHOS EDUCATION CHARITY DELIVERING CHARACTER AND RESILIENCE EDUCATION PROGRAMMES TO 6-18 YEAR OLDS

FOR MERGER OR ACQUISITION AS A GOING CONCERN

Smith Cooper (“SC”) has been engaged to assist in a merger or acquisition process of a national not for profit education charity which uses the unique skills and experience of former service personnel as instructors to deliver pioneering character and resilience programmes to circa 15,000 children on 550 programmes in 350 schools nationally (2019).

The small central services team (“CS”) operates from a leasehold office in North Nottinghamshire and there are regional ‘team bases’ in Scotland, England and South Wales. The leases are all relatively short term and the Nottingham CS team office lease is due for renewal shortly.

Trading as a Charity the Limited company commenced operation in 2004. Turnover in the FY 17/18 was £4.6m. The company specialises in character and resilience education programmes which are delivered to classes of children for 2+ hours a week either throughout the school year (circa 36 sessions) or, on the supporting programmes, for 12 or 18 weeks again at 2 hours + per week.

Assets available include an operational charity with a workforce of 95 and a sales pipeline of £2.2m and growing, equipment to deliver the school based programmes, IT infrastructure, branded lease vehicles for BDMs, a modern minibus (owned 17 plate Ford Transit), office furniture and all other equipment associated with a business of this type.

Turnover per the unaudited accounts for the year ended 31 March 2019 was c.£4m.

To protect the company’s goodwill and trade, it is proposed that any sale will need to be completed by 18 July 2019, and as such, this opportunity is only likely to be available for a short period of time.

Following receipt of expressions of interest, and a signed Non-Disclosure Agreement, brief sales particulars will be provided via a data room. Offers should be made by way of sealed bids, and need to be sent to SC by 12 noon on 15 July 2019, together with evidence of funding.

When submitting your offer, please provide contact details of your solicitors and evidence of funding to expedite matters. If you are interested in pursuing this opportunity further, please contact one of the following for additional information:

Dean Nelson

T: +44 (0)1332 3632021

dean.nelson@smithcooper.co.uk

Andrew Stevens

T: +44 (0)1332 332021

andrew.stevens@smithcooper.co.uk

John Pye Red Line Spacing

Smith Cooper, St. Helen’s House, King Street, Derby, DE1 3EE

This document is directed only to Investment Professionals as defined by Article 19, High Net Worth Entities as defined by Article 49, High Net Worth Individuals as defined by Article 48, and Sophisticated Investors (“Recipients”) as defined by Article 50A of the Financial Promotions Order 2005. No other person should rely on this document.

The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purposes of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

This document is exempt from the general restriction (in section 21 of the FSMA) on the communication of invitations or inducements to engage in investment activity on the grounds that it is made available to High Net Worth individuals or Sophisticated Investors (amongst other Recipients).

High Net Worth Individuals or Sophisticated Investors who are in doubt about the investment should consult an authorised person specialising in investments of this kind.

The purpose of this document is to assist Recipients in deciding whether to investigate the above opportunity. It is not intended to form the basis of any transaction. Recipients must make their own independent assessment of the opportunity and should obtain independent professional advice. The information in this document has not been independently verified by Smith Cooper Corporate Finance, a trading division of SC Advisory Services Limited, who do not give, nor have any authority to give, any representation or warranty (express or implied) as to its accuracy or completeness.

SC Advisory Services Limited is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business and consumer credit activities.