Overview
The company designs, manufactures and supplies contactless payment readers and OEM products, as well as offering a range of complementary software solutions and cloud services for clients throughout the UK and internationally.
All of the business’s payment products, along with its processes, facilities and security features, are fully certified by the financial industry.
Our clients are offering the company for sale to facilitate retirement plans. The two directors are willing to provide a mutually agreeable handover period to enable a smooth transition to new ownership, if required.
Offers invited.
Key Highlights
Current order book is worth £760k for contactless payment hardware.
Achieved EMV contactless Level 1 and Level 3 certification and PCI PTS 5.1 certification.
90% of clients provide reliable, repeat business on an ongoing basis.
Maintains strong, long-standing relationships with clients, several of which now span over five years.
22% of the company’s overall turnover is derived from dependable income streams.
Operates from freehold premises, which can be included in the sale.
Potential to build relationships with local and overseas distributors to accelerate further expansion.
Financial Highlights
YE23 turnover of £1.64m with an EBITDA of £602k.
