A Leading Technology Enabled Labour Supply Company For The UK Infrastructure Sector

• Profitable and rapidly-growing labour supply company: for the UK infrastructure sector with a strong pipeline of projects

• Sustained track record of revenue growth: from £9.7 million in the year ended 30 September 2015 to £30.7 million in the year ended 30 September 2019. Although the year ended 30 September 2020 was negatively affected by the impact of the COVID-19 pandemic on the construction sector which meant projects were delayed or paused, revenues have bounced back in the six months to 31 March 2021, with the Company achieving unaudited revenue of £14.0 million and EBITDA of £1.2 million.

• The Board intends to adopt a progressive dividend policy: The Board intends to adopt a progressive dividend policy for the Company from Admission, which will seek to maximise shareholder value and reflect the Company’s strong earnings potential and cash flow characteristics.

• A compelling, growing market opportunity: c. £650bn of investment planned on UK infrastructure and construction projects over the next 10 years and labour deficit has put workforce supply high on the industry’s agenda

• Significant cross-selling capabilities: complementary project delivery services and specialist plant hire are considered by the Directors to increase the total value from client relationships

• Well-placed to gain market share: proven to attract a loyal workforce and blue-chip client base due to its award-winning app, digital capabilities and training/ health & safety focus, which differentiates it from the competition

• A defined strategy with multiple growth opportunities: organic expansion and market penetration of existing businesses, potential licensing of new digital apps and acquisition opportunities in fragmented sector