Based in Northern England
The company is a provider of IT solutions for small and medium-sized enterprises, offering a comprehensive package of equipment sales, ongoing support and managed subscriptions to support varied business activities.
The company benefits from long-standing relationships with its clients, with its support and subscription packages generating regular repeat business, accounting for 67% of the turnover in YE24.
The shareholder is offering the business for sale to facilitate its growth under new ownership.
Offers invited.
Key Highlights
Services are fully flexible to the requirements of individual clients, offering a reliable, professional service that incorporates the use of the latest technologies and software.
Caters to over 150 clients across the private sector, benefitting from a steady stream of regular income, with some relationships spanning 30 years.
Operates from leasehold premises owned by the shareholder. The office, and freehold for the business park on which it is located, may be included in the sale, holding an estimated value of £600k.
Demand for outsourced IT support is expected to remain strong over forthcoming years, with businesses having developed more complex requirements to support day-to-day functionality.
Financial Highlights
YE24 turnover of £950k.
Adjusted EBITDA of £319k achieved in the same year.
The downturn in adjusted EBITDA in YE23 is due to the Company’s accounting changing from annual to monthly change in the company’s accounting period.
Current orders are expected to generate over £224k across 2025, supplementing the regular income from support and subscription services.
