Based in the south west
The company manufactures high-quality, biodegradable seed tapes, seed discs, seed mats and seed carpets in various sizes, predominantly catering to the international home-grower market. The easy-to-handle products include pre-sown seeds of most vegetable, flower and herb varieties in specialist 100% bio-degradable tissue appropriately pre-spaced for all varieties. The products provide the end-user with an easy, eco-friendly way to successfully grow vegetables, flowers and herbs seeds whilst also saving time in planting and handling as well as reducing the need for thinning out of seedlings on emergence.
Products are manufactured utilising in-house production technology and machinery, enabling the company to fulfil both large and small volume orders at highly competitive prices.
The shareholders are offering the company for sale to facilitate their retirement following a period of investment. Offers invited.
Key Highlights
- Provides its comprehensive range of products for a variety of international blue-chip customers, including home garden wholesalers and retailers, promotional agencies and commercial growers.
- Also creates bespoke, cost-effective promotional product solutions for commercial customers.
Receives a regular stream of orders, benefitting from high volumes of repeat business, with some relationships spanning 20 years.
- Strong second-tier management team in place.
- Operates from leasehold premises.
- Significant investment in staff, stock and new capital equipment has enabled it to expand and sustain production capacity.
Financial Highlights
- Turnover of £2.3m in YE22, with an EBITDA of £518k.
- Turnover of £2.2m forecast for YE23.
- Gross profit margin of circa 40%.
