Project Twilight

An overview of the opportunity is as follows:

• Combined income of £544k for year ending March 2019

• Adjusted EBITDA of £106k which represents 32% return for the year ending March 2019

• Combined capacity for 95 children across two settings

• The first setting has an “outstanding” rating, the second has a “Good” rating from Ofsted

• Robust organisation structure in place with a team capable of running operations on a day to
day basis

• Historically high levels of occupancy and demand

• Both settings have a level 5 Food Hygiene Rating

• Potential to increase capacity, income and profitability