Avail Medical Europe Ltd IM

Avail Medical Europe Limited | Information Memorandum

History & Ownership

OVERVIEW

2.1. A timeline outlining key milestones in the Company’s history can be viewed to the right.

2.2. Presently, all of the Company’s shares are held by Michael Darrah, the Director/CEO.

2.3. Our Client is offering Avail Medical for sale to facilitate his plans for retirement.

2.4. Following the completion of the sale, the Director/CEO has advised that he would be willing to provide a mutually agreeable handover period to ensure the continued smooth running of the business throughout the transition, if required by the buyer.

YEAR EVENTS 1995

Avail Medical was formed by our Client.

1996 The Company achieved its first £100,000 in turnover, the sales were a mix of products, including fibre optics and electrosurgery products, as well as Advance Medical Designs. 1998 Avail Medical secured the agencies of Bovie and Buffalo Filter. 2000 The Company secured the agency for Megadyne. 2009 Avail Medical achieved sales of £1 million. 2012 Buffalo Filter and Advance took their business elsewhere. 2013 Megadyne began selling direct in the UK. 2014 The Company relocated to North East England. 2016 Avail Medical purchased its current office premises. 2018 The Company was awarded a national contract for a leading private hospital provider. 2019 Avail Medical secured a second national contract for another private hospital. 2020 All visits to hospitals for marketing purposes were ceased due to Covid-19.

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