INVESTMENT OPPORTUNITYPROJECT ALPHA (“the Company”)

Kroll has been retained as exclusive financial advisor for Project Alpha to approach a selected number of parties, in seeking support for the next phase of
the Company’s growth. All communications, enquires and requests for information should be addressed to the following professionals:
Stephen Clancy
Managing Director
Stephen.Clancy@kroll.com
T: +44 161 827 9000

Steven Barry
Director
Steven.barry@kroll.com
M: +44 7760 559236

Max Spolverato
Senior AssociateMax.spolverato@kroll.com
T: +44 161 880 4556

Daniel McCormack
AnalystDaniel.McCormack@roll.com
T: +44 161 827 9173

OPPORTUNITY DESCRIPTION•An exciting opportunity to acquire a leading national commercial cleaning service provider holding 14 franchises with a strong focus in the South-East of the UK.

•The Company’s Head Office is located at offices in the South East of England.

•

The Company employs circa. 700 employees across the 14 franchises and leases 6 short-term storage facilities where stock is held. There are opportunities toexpand with new licence agreements covering additional territories available in the future.

KEY INVESTMENT H IGH LIGH TS
BRANDS AND KEY MARKETS•FINANCIAL HIGHLIGHTSBALANCE SHEETThe Company has developed strategically and now provides a wide range ofcommercial cleaning service solutions to offices, medical facilities, civil buildings andindustrial and retail sites.

Dec-22Stat£'000

Dec-21
Stat
£'000

334
121
455

77
113
190

104
1,253
236
1,593

40
1,214
58
1,311

(1,209)(721)

Net Current Assets

384

590

Total Assets less Current Liabilities

839

780

(162)

(280)

677

500

Called Up Share Capital
Profit & Loss

06770500

Shareholder Funds

677500

Fixed Assets•The Company has developed a reliable commercial cleaning franchise business andbrand with a loyal customer base.

Intangible Assets•The Management team and business has won several awards in the past 2 years
which has helped it win new business and attract & retain staff.

Current Asset•

Company also has ISO certifications and Safe Contractor Certification to allow it toconduct certain technical work and train & develop its staff.

Tangible Assets

StockDebtors
Cash at Bank / In Hand

BUSINESS REVIEW••The Company has grown rapidly over the last 7 years by organic growth andfostering a profitable working relationship with the franchisor and attracting newcustomers and new territories. To further underpin the business, the Company
implemented systems and controls to ensure sales optimization along withoptimising productivity and utilization of the plant and operatives. During 2023 thisarea of the business won contracts and is firmly focused on business development,
quality of delivery and cost control.
The Company has encountered cashflow difficulties arising from working capitalmanagement issues. As a consequence, this has led to creditor enforcement which
is at a stage that it is envisaged a transaction will take place through an insolvency
process.

ASSETS FOR SALE

Current Liabilities

Long Term Creditors
Net Assets
Capital and Reserves•

Unencumbered Debtor Book•

Fleet of Vehicles•

Stock•

Fixtures & Fittings

Total Income

5,890

•

Goodwill / Intellectual Property Rights

Cost of Sales(3,769)Gross Profit

2,121

PROFT AND LOSS ACCOUNTEXPRESSIONS OF INTEREST
All interested parties must send their expressions of interest to Kroll by
12.00 pm on 19 March 2024. All offers must be supported by proof offunding.

Administrative Expenses
Total Administrative Expenses
Net Operating Income
Total Other Expenses

Net Income

Private & Confidential

Dec-23£'000(1,558)
563
0563

Disclaimer: The purpose of this document is to assist the recipient in deciding whether to investigate the possibility of acquiring or funding the Company, or business andassets of the Company. It is not intended to form the basis of any decision. The recipient must make its own independent assessment of the business, rely on its own
investigations and should obtain independent professional advice. The information in this document has not been verified by Kroll Advisory Ltd., which does not give, nor
has any authority to give, any representation or warranty (express or implied) as to its accuracy or completeness. If you no longer wish to receive information from KrollAdvisory Ltd in relation to opportunities or any other marketing information, or would like to amend your contact details or know of any other person or entity who would
like to receive this information, please email dp.marketing@kroll.com