Introduction:
Turner Butler has been appointed to invite offers for the purchase of a leading independent Commercial Finance broker.
Key strengths:
The business has the following key attributes:
• FCA Registered
• Year on year increase in fee income
• Strong management and deal writing team
• Consistent level of WIP of c£300,000
• Strong niche sector presence and reputation
• Excellent customer retention rates.
• Strong relationships with Lenders.
• Excellent reputation for high levels of customer service.
• Very effective sales operation.
• Substantial potential for range and market expansion.
The business provides an acquirer with an ideal bolt-on for a company already operating in the financial brokerage sector or alternatively an excellent starting opportunity for an individual or organisation looking to establish themselves in the financial services sector
Financial performance:
For the financial year ending December 2022, turnover of the Business was circa £820k with adjusted net profits of £252k.
The asking price is for 100% of the issued share capital of the Business on a ‘cash free, debt free’ basis. Any surplus cash in the company at completion will be added to the final sale price on a £ for £ basis.
