PLUS-quoted newcomer HealthyDays is poised for a new acquisition, says entrepreneurial founder and chief executive Amer Deen.
PLUS-quoted newcomer HealthyDays is poised for a new acquisition, says entrepreneurial founder and chief executive Amer Deen.
Chaired by Stephen Barclay, ex-boss of stockbroker Seymour Pierce, fast-growing HealthyDays, whose PureSleep division sells UK-made adjustable beds, bath lifts, mobility scooters and kindred products to old people with mobility problems, has joined PLUS-quoted by way of introduction, advised by IAF Capital. According to Deen, a former building services and investment advice chief who headed the troubled Mosaique investment concern for two years, the Sheffield-based company, which serves the higher end of the market and does 92 per cent of its business for cash, intends to use its paper and more than £300,000 cash to make takeovers in the ‘particularly fragmented’ UK mobility market.
Deen says the board has already lined up at least one potential bid target, which could be acquired in a matter of weeks provided the owners will accept paper. HealthyDays made around £300,000 in the year to last June on £2.3 million turnover, before amortisation and other costs, and made a £240,000 provision for product warranty claims.
