Sireletso Protective Group Business Plan — Implementation Roadmap
The timeline from financial close to full deployment, covering registration, recruitment, training, equipment and contract mobilisation.
Implementation Roadmap
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- Overview & contents
- i. Important Notice
- 1. Executive Summary
- 2. Transaction and Funding Summary
- 3. Business Overview
- 4. Market Analysis
- 5. SWOT and Competitive Position
- 6. Service Offering and Revenue Model
- 7. Operations
- 8. Regulatory and Compliance Framework
- 9. Business Development and Client Acquisition
- 10. Management and Organisation
- 11. Financial Projections
- 12. Working Capital: The Central Finding
- 13. Funding Structure and Debt Service
- 14. Break-Even
- 15. Sensitivity and Scenarios
- 16. Risk Management
- 17. Implementation Roadmap
- 18. Investment Returns
- 19. Key Performance Indicators
- 20. Key Assumptions
- 21. Conclusion
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Application and Sources of Funds
- C. Appendix C: Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
|
Period |
Milestone |
|---|---|
|
Months 1–2 |
Equity subscribed and term facility drawn at financial close; PSIRA company registration lodged; Sandton premises secured |
|
Months 1–5 |
Section 20 firearm licence applications lodged; founding cadre recruited, vetted and psychometrically assessed; armoury and control room build |
|
Months 3–7 |
Fleet acquired and fitted; tracking and radio network commissioned; insurance placement completed and ceded |
|
Month 7 |
24-hour operations control room live with four controllers |
|
Months 4–10 |
SASSETA academy accreditation obtained and training facility fitted out |
|
Month 8 |
First dedicated close protection details deployed |
|
Months 6–16 |
Corporate business development; first annuity contracts signed with wage-linked escalation |
|
End Year 1 |
71 deployed personnel; revenue R34.08m; EBITDA loss of R1.40m; the funded establishment period closes |
|
Year 2 |
Academy intake scaled and the officer pipeline established; credit controller appointed; advisory practice built out |
|
End Year 2 |
EBITDA positive at R6.22m; term debt coverage 2.14x; the tightest cash point in the plan at R0.34m |
|
Year 3 |
Residential line held flat; mix shifted toward advisory and training; revenue R80.96m at an 11.3% EBITDA margin |
|
Year 4 |
Escort and special operations scaled; distribution lock-up released once coverage exceeds 2.00x; coverage 3.11x |
|
Year 5 |
Contract renewals secured ahead of the exit process; R107.17m revenue, R14.11m EBITDA, trade sale at the assumed multiple |
17.1 Critical dependencies
|
Dependency |
What it gates |
Management |
|---|---|---|
|
PSIRA company registration |
Every service the Company renders |
Lodged at financial close; no revenue is possible without it |
|
Section 20 firearm licences |
All armed deployment, which is the majority of the protection book |
Lodged in month one; the timeline is outside the Company’s control |
|
Founding cadre recruited and registered |
The first deployment and therefore all Year 1 revenue |
Six to twelve weeks per individual application; recruitment begins before premises are secured |
|
Control room live |
Corporate procurement acceptance and safe deployment |
Month seven, ahead of the first detail in month eight |
|
Insurance placement |
Deployment and the lender security package |
Completed before the first officer is deployed, not after |
|
SASSETA accreditation |
The academy revenue line and the officer pipeline |
Month ten; the pipeline benefit accrues from Year 2 |
|
Invoice discounting facility in place |
Everything from Year 1 |
Approved alongside the term loan, not after it |
|
Credit controller appointed |
The collection performance the whole plan rests on |
Year 2, ahead of any additional business development capacity |