One business, run by the person who buys it.
I am not a fund manager or a broker, and I do not work for a larger group. I want to find one well-run company whose owner is ready to step back, buy it, and run it day to day, keeping its name, its engineers and its customers, and growing it from there.
What I am looking for
Specialist engineering compliance for healthcare.
Firms whose engineers install, test, verify and maintain systems that healthcare buildings must keep compliant, with most of their revenue coming from recurring maintenance and testing.
- Medical gas pipeline systems: installation, verification and planned maintenance
- Decontamination equipment: validation and servicing of washer-disinfectors, autoclaves and endoscope reprocessors
- Theatre and specialist ventilation: verification and servicing
- Pressure systems: examination and maintenance of autoclaves, compressors and vacuum plant
- Water safety: risk assessment, sampling and monitoring for healthcare and other estates
Size
Typically GBP 5 million to GBP 20 million of revenue and GBP 1 million to GBP 3 million of profit. Smaller specialists are welcome too.
Ownership
Founder or family owned, often for 15 years or more, with an owner thinking about succession.
Customers
NHS trusts, private hospitals, laboratories, dental practices and clinics, with no single customer the business depends on.
Location
South East England, London and the Thames Valley first; anywhere in England for the right business.
For business owners
A sale that looks after what you built.
- Continuity: your engineers, managers and customer relationships are the reason to buy the business, and they stay.
- A handover on your terms: stay for a transition period, move to an advisory role, or step away.
- A stake in the future, if you want one: owners can keep a share and benefit from what comes next.
- A direct, private process: no auction, no broker unless you have one, and every conversation in confidence.
The purchase would be funded by private investors who back individuals buying and running businesses, alongside bank debt.
About
Peter Langdon
For the last ten years I have co-run a doctor-led clinic in Maidenhead registered with the Care Quality Commission, responsible for its finances, premises and compliance, including the decontamination, water safety and equipment servicing it must evidence to inspectors.
Before that I spent twenty years in corporate development and acquisitions, including leading corporate development and investor relations at Biffa through its London listing, and acquisition work for private-equity-backed and listed groups.
Chartered Accountant (FCA) · MBA, University of Oxford · Based in Berkshire
What to expect
How a conversation works.
- An informal first conversation, by phone or over coffee, under a non-disclosure agreement if you prefer.
- An initial look at high-level figures, after which I give you a prompt indication of value and structure.
- A letter of intent, then focused due diligence that keeps disruption to your team to a minimum.
- Completion and handover, planned with you and at a pace that suits you.
For investors
Search fund investors.
Loddon Capital is being set up as a traditional search fund. A memorandum is available to professional investors on request.
Get in touch
Start a confidential conversation.
If you own a business that may fit, or advise someone who does, I would be glad to hear from you. Every enquiry is treated in confidence.