Operating internationally, the company offers the development, hosting, and maintenance of electronic document management software. The business provides maintenance contracts, licences, installation, and training for its software.
The company’s Microsoft-based software has exceptional user interface and functionality qualities that have been continually developed throughout its time in operation, in accordance with changing client requirements.
The company is now being offered for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- Serves a wide-ranging and diverse client base of over 230 active clients, all of whom provide repeat business through hosting or maintenance contracts and agreements.
- Highly experienced team in place that can carry out many daily operations with minimal oversight.
Shareholders have offered to provide a negotiable handover period.
- Operates from freehold premises that are included in the sale.
Ideal bolt-on opportunity.
- Continuing to migrate existing clients to the latest software upgrade and cloud platform could considerably increase recurring revenue.
- With additional resources and sales staff, the company could reach a larger audience and expand its client base significantly.
Financial Highlights
Turnover of £600k in YE23 with a gross profit of £430k.
Projected turnover of £650k in YE24 with an adjusted EBITDA of circa £200k.
Strong pipeline of work in place that will generate ongoing annual revenue.
