Project Hadley distributes many finance software products, underpinning its implementation processes with in-depth consultancy to determine clients’ precise objectives.
The company’s offering is integrated across the education vertical and numerous other sectors.
Many of the systems provided by the business are available with bespoke add-ons, which have either been developed by the company’s in-house team or via third parties.
Our client is now offering the business for sale to facilitate lifestyle changes and continued company expansion using the resources of an acquirer. Offers invited.
Key Highlights
- 250 active clients, including 800+ individual schools and academies.
- Procures the majority of its sales leads organically, as well as recommendations from key parties and existing clients, owing to its position within the market.
- Members of staff in place who can absorb many of the directors’ responsibilities; the managing director has already lessened their active involvement in the business.
- Operates from leasehold office premises in South East England; however, the staff can operate remotely.
- In an enviable position to benefit from surges in demand for reliable financial and administrative software, as well as positive developments within the education industry.
Financial Highlights
- Achieved a YE23 turnover of £2.4m, with an adjusted EBITDA of £466k.
- YE24 outturn figures show a turnover of £2.9m and adjusted EBITDA of £645k.
- Current portfolio of licences generates £2.1m in annual renewal fees, with a circa £970k profit.
- Approximately 75% of the overall income is secured from clients that have been retained for numerous years; some key relationships span over two decades.
- Strong pipeline of Sage Intacct implementations for 2024, totalling £350k, as well as 100 commercial clients that have yet to be upgraded to this system.
