The company offers a turnkey service covering the design, supply and installation of bespoke, hand-crafted carpets and rugs.
Operating across the UK and Europe, the company has a well-established brand offering and a loyal client base, with its products installed in luxury hotels and boutiques across Europe, as well as in the residences and super yachts of many high-net-worth individuals.
The company is offered for sale due to the retirement plans of the majority shareholders.
Offers invited.
Key Highlights
- Delivers a dedicated and personalised service, with all products made-to-measure from the finest natural materials.
- Caters to circa 50 active clients, operating on both a B2B and B2C basis. Its client base includes corporate organisations, interior designers, boutiques, hotels and high-net-worth private individuals.
- Receives a high volume of repeat business, with many client relationships spanning upwards of 10 years.
- Experienced second-tier management team in place.
- Operates from leasehold premises.
- Moving forward, the company could benefit from exploring relationships with new clients or expanding its product range.
Financial Highlights
- Turnover of £1.07m, with an adjusted EBITDA of £242k.
- Gross profit margin of 51%.
- A YE24 six month management turnover of £517k.
- Current order book is valued at £251k in March 2024. The forward order projection up to end May 2024 is currently at £275k based on existing enquiries to date.
