Based in North East England, the company is a manufacturer of performance-driven, touch-free RFID tags and readers for industrial and commercial use, operating internationally.
Priding itself on developing outstanding products, the company has created a sophisticated, market-leading, RFID long-range reader and has invested extensively in the research and development of its core technology, as well as maintaining ownership of all of its IP.
The business is now being offered for sale to facilitate investment in its growth strategy to take it to the next level.
Our clients are open to all types of structured deals, subject to terms.
Offers invited.
Key Highlights
- Is an exclusive UK distributor for a highly regarded brand that offers RFID equipment.
- Works with a range of prestigious clients across the UK, experiencing a high client retention rate.
- Circa 60% of prisons across the UK now utilise the company’s hands-free tagging system.
- Operates from leasehold premises.
- Is planning a large brand awareness campaign via sponsorship that is expected to considerably increase sales in 2024.
- Currently has a new RFID system in development that will provide a new and improved version of the technology to move the company forwards.
Financial Highlights
- Outturn of £850k for YE24 with an adjusted EBITDA of circa £190k.
- Has over £600k worth of potential orders in its current pipeline, whilst existing customers ordering replacement tags is expected to provide up to £700k in revenue in the coming year.
