The company has developed a comprehensive portfolio of innovative connectivity solutions for industrial internet-of-things (IoT) devices, continually investing in R&D to offer cutting-edge solutions for organisations across all sectors.
The company is driven by a highly experienced management team with a wealth of specialist industry expertise and has established a world-class channel and distribution network, providing it with a considerable global reach across a wide range of sectors and supporting its continued expansion.
The shareholders believe that the company’s performance can be scaled and enhanced at a significantly improved rate through the sale of the business to an organisation that can facilitate more rapid investment.
Key Highlights
The company provides all-encompassing solutions for its clients, supplying all technologies required to efficiently set up, monitor, and control devices remotely from any location across the globe.
Products offered include specialist modems, routers, antennas, and associated items, along with complementary software solutions, which are provided on a SaaS basis and generate reliable, recurring revenue.
operates on an international basis, maintaining a particularly prominent presence in the electronics, aerospace, smart city, and medical sectors.
significant client base, comprising over 20,000 organisations, maintaining excellent client retention rates, with some relationships spanning over 10 years.
long-standing and driven management team in place, all members of which will remain with the company post-sale, ensuring its continued smooth operation.
operates from fully fitted freehold premises in South East England, which benefit from on-site production facilities.
Financial Highlights
achieved a turnover of £4.4 million in FY23, with an adjusted EBITDA in excess of £1.1 million.
Turnover is on course to reach £4.4 million in YE24, with an adjusted EBITDA of circa £720k. The fall in profits is due to considerable investment that has been made to support further growth, including recruitment at all levels and the refurbishment of the company’s freehold premises.
maintains strong gross profit and adjusted EBITDA margins, averaging 51% and 22%, respectively, across the last four years. Margins have improved across this period as the company has increased sales of focused products.
strong pipeline for the coming year, with 77 active projects (£2.9 million value) scheduled for delivery in the coming 12 months and a £1.2 million order book.
possesses a wealth of tangible and intangible assets, collectively valued at circa £5 million.
