Overview
At present, the Company’s main operations include (% of turnover YE23): Consultancy, development and bespoke training (20%); Engineering services (31%); Hardware and software provision and licenses (23%); Subscriptions (20%); Software and hardware maintenance (3%); Communications services (3%).
The business currently provides its services to 22 active clients providing circa 40% contracted revenue.
Two out of three shareholders wish to remain with the business, the Managing Director is looking to retire and would need the following roles replacing; Account Manager/Co-ordinator/Salesperson
Offers invited.
Key Highlights
No client provides more than 23% of revenue, with the top 3 clients sharing circa 60%.
Employs four members of staff and benefits from high levels of in-house expertise across the business.
Operates from leasehold premises.
Financial Highlights
YE23 turnover in excess of £635k.
Achieved an adjusted EBITDA of £228k in the same year.
Projected to achieve a turnover of £694k in YE24.
Boasts a strong balance sheet, with shareholder funds rising year-on-year.
