Our Investment Thesis

Macro Case

Essential Services

The UK’s built environment relies on continuous cleaning, hygiene, and safety testing. These services are required across offices, schools, GP practices, logistics hubs, and public buildings, creating stable, contract-driven demand through all market cycles.

Market Opportunity

Fragmentation

Critical Facilities Services is highly fragmented: thousands of owner-operators, limited digital infrastructure, and consistent succession needs. This creates scope for  margin uplift and disciplined consolidation under long-term ownership.

A base of planned maintenance contracts or SLA-driven work - not project-only revenue

What We Look For

Acquisition Criteria

EBITDA above £75,000 per year — with positive free cash flow
An operations layer that runs the business day-to-day — not just the founder
DSCR 1.5x or above — tested against a 20% revenue drop

How We Underwrite

Before we spend a pound on accountants orsolicitors, every business must pass two tests. Test1 — Survivability: Can this business run without theseller within 90 days? We find the person whoactually controls day-to-day delivery — thescheduler, service manager, or lead supervisor —and confirm they are not a single point of failure. Ifthey are, we either build their retention into the dealor we walk away. Test 2 — Financeability: Doesthis business generate enough cash to repay anacquisition loan, even if revenue drops 20%? Wemodel the numbers ourselves before we approachany lender. We only present a credit case we havealready stress-tested. We reject 85–90% ofbusinesses we look at. The ones that pass bothtests — we complete.

Return Expectations

Return profile and financial projections areavailable to capital partners on request.

Contact: partnerships@aysancapital.com

Operational instinct, structured diligence, long-term stewardship.
Operational instinct, structured diligence, long-term stewardship.
Operational instinct, structured diligence, long-term stewardship.
Operational instinct, structured diligence, long-term stewardship.

Ready to have a conversation?

If you own a contracted service business and you're thinking about what's next — whether that's a year away or five years away — a 20-minute conversation costs nothing. We are discreet. We move quickly. We only pursue opportunities where there is a genuine fit. No pressure. No obligation.