The company designs, manufactures and supplies a standard range of mass-produced components, including ACDC converters, transformers, audio / telecoms equipment and power supplies.
In addition, it is able to fulfil bespoke design enquiries and provide solutions not currently on the market, utilising an in-house design department and an on-site manufacturing facility.
The company boasts an international customer base comprising over 700 organisations across several high-profile industries, including music production, renewable energy, electric vehicles, medical and education.
The business is being offered for full or partial sale as the Shareholders wish to release equity from the business whilst facilitating its continued growth under the impetus of new ownership.
Offers invited.
Key Highlights
• Receives repeat business from 80% of customers, with some relationships spanning over 14 years.
• Strong relationships with distributors, through which the majority of sales are generated.
• Considerable scope for expansion within new or existing markets, with potential to develop its product range or sales and marketing strategies to encourage further growth.
• Operates in several key markets, including electric vehicle charging and renewable energy, both of which are expected to grow over the next few years.
• Long-standing, experienced workforce in place, including in-house design and technical teams.
• Operates from premises owned by the Shareholders that may be included in the sale on a freehold or leasehold basis.
• All three Shareholders have indicated that they may be willing to remain with the Company, subject to the deal structure presented and the wishes of a new buyer.
Financial Highlights
• Turnover of £4.2m, with an adjusted EBITDA of £1.3m.
• Turnover expected to rise to £4.5m in YE23 and £4.6m in YE24.
• Gross profit margin of 48%.
• Strong pipeline of future opportunities, which is currently valued at £2.2m, with scope to increase it by an additional £400k by converting existing enquiries to sales.
