The company supplies craft materials, tools and equipment to the education sector,
professional craftspeople and hobbyists, with a focus on raw materials, high-value
items and their own brands.
With 40% of its revenue generated from the education sector, the company’s
database lists over 20,000 customers, 6,000 of which provide regular, repeat
business.
The shareholders are offering the company for sale to facilitate their retirement
plans.
Offers invited.
Key Highlights
- The main UK distributor for several prominent suppliers, with a selection of
own-brand items produced in-house.
- Dispatches approximately 6,000 mail-order parcels and 1,300 pallets a year,
with additional revenue generated by collection orders from customers local to
its two branches.
- Experienced second-tier management team in place.
- Operates from two leasehold premises, ideally located to provide nationwide
coverage.
- Continued demand for crafts from education, studios, teaching workshops
and hobbyists - especially post-covid, which is expected to continue for the
foreseeable future.
Financial Highlights
-YE23 turnover of £2.1m, with an adjusted EBITDA of £309k.
- Turnover has increased by 43% since YE20.
- The financial information above represents the combined profit and loss
accounts for the company and a newly-acquired division. YE23 has been
annualised based on management figures.
