Marlowe Plc acquires Black & Banton Occupational and Physical Health Limited

woman in labcoat

LONDON: Marlowe plc, the specialist services group focused on developing companies which assure safety and regulatory compliance, has acquired Black & Banton Occupational and Physical Health Limited for an initial consideration of £1.1 million, a financial news release noted.

Black & Banton, established in 2001, is headquartered in Gateshead, Tyne and Wear, and provides occupational health services to businesses in the North of England and Scotland.

For the year ended 30 April 2020, Black & Banton generated profit before tax of £0.4 million on revenues of £1.7 million. Net assets at 30 April 2020 were £0.9 million.

The total enterprise value of up to £1.5 million includes a contingent cash earn-out of up to £0.4 million. The acquisition will be funded from Marlowe’s existing cash resources.

Marlowe is a UK leader in specialist services which assure safety and regulatory compliance, whilst managing risk for businesses across the country.

The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene and occupational health services – all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation.

Marlowe currently provides services to over 15% of Britain’s commercial premises and is increasingly attractive to customers who require a single outsourced, nationwide, provider of a comprehensive range of regulated compliance and safety services. Our customers can be found in most office complexes, high streets & leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

Marlowe acquires FSE Fire Safety Systems Limited £2.4 million

Add a Comment

Your email address will not be published. Required fields are marked *