Based in South West England, the company is a highly specialist distributor of passive fire protection materials that are commonly used in the construction of buildings, with technical staff on hand to provide detailed aid to clients.
Operating on a predominantly national basis, the business provides its products and services to those of the commercial and private sectors, benefitting from an extremely loyal client base alongside a consistent stream of new custom.
The company is being offered for sale to facilitate plans for retirement, with a key shareholder having advised that they are willing to provide a handover period. Offers invited.
Key Highlights
- Benefits from several strong, long-standing client relationships, some of which span over 10 years.
- Circa 1% of current annual turnover is attributed to international sales, with scope for an acquirer to focus on increasing this.
- Dedicated websites are in place and bolstered by SEO and PPC advertising, currently resulting in circa 52% of overall sales with a conversion rate of 4.7%.
- Operates from freehold premises fully owned by the company.
- The current management team is capable of effectively managing and growing the business on an ongoing basis.
- Scope for additional growth via the introduction of complementary products.
Financial Highlights
- YE23 turnover of circa £1.49m.
- Adjusted EBITDA of £266k achieved in the same year.
- Forecast turnover of £1.85m expected for YE24.
- Turnover increased by 54.3% from YE21 to YE23.
- Average gross profit margin of 32% over the last three financial years.
