LONDON, UK: Marlowe plc has acquired Cater Leydon Millard Ltd, an employment law compliance specialist, for an enterprise value of £2.25 million.
Cater Leydon Millard, established in 2004, is based in Abingdon, Oxfordshire, and provides specialist employment law advice to companies across the UK.
The acquisition deepens Marlowe’s employment law compliance offering and will offer attractive synergies with Ellis Whittam, our leading platform in the provision of recurring, fixed-fee HR, employment law and safety services & software.
For the year ended 30 November 2020, Cater Leydon generated an operating profit of £0.65 million on revenues of £1.7 million. Net assets at 30 November 2020 were £0.5 million. The total enterprise value will comprises an upfront cash consideration of £1.75 million and a performance related contingent consideration expect to be in the region of £0.5 million. The acquisition will be funded from Marlowe’s existing cash resources.
Marlowe is a UK leader in business critical services and software which assure safety and regulatory compliance. 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.
Marlowe PLC
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15 Jun, 5:07 pm GMT+1 · Disclaimer
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