Formed in 2004, William Martin is a leading technology-enabled UK provider of property-related health and safety audit and consultancy services. It provides recurring consultancy alongside a leading software-as-a-service compliance platform to a wide range of commercial customers across the UK to ensure regulatory compliance in areas such as health & safety, fire safety, water safety, asbestos management and contractor management. The business employs approximately 100 staff and has offices in London, Leeds and Norwich.
Through providing consultancy services integrated with Meridian, its proprietary software platform, William Martin enables customers to manage risk and statutory compliance across their properties. William Martin’s services significantly extend Marlowe’s capabilities towards providing its customers with a comprehensive approach to their health & safety and regulatory compliance needs, from initial audit through to full implementation, and are expected to generate significant cross-selling opportunities.
For the year to 30 April 2018, William Martin generated revenues of £7.5 million, EBITDA of £2.3 million at a margin of approximately 30%, and profit before tax of £2.4 million. Approximately 85% of William Martin’s revenues are recurring. As at period end, the business has net assets of approximately £2.3 million.
Alex Dacre, Chief Executive of Marlowe Plc, said, “The acquisition of William Martin significantly accelerates our strategy of providing our customers with a comprehensive one-stop approach to their health & safety and regulatory compliance needs. William Martin is a market leader which shares a similar channel to market with our existing businesses and benefits from strong relationships with customers who place a high value on the consultancy and software services. We are confident that this acquisition will generate attractive returns for Marlowe’s shareholders.”
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