For Sale
The company is the developer of an intuitive and flexible audit and risk management software platform, which is firmly established as a leading solution within its field.
The software is provided on an SaaS basis, providing a consistent stream of monthly revenue. Clients are charged based on the number of users on the system and for access to various modules within the software.
The versatility and reliability of the company’s software solution, combined with its cost-effective pricing, have made it the system of choice for a multitude of prominent clients, including large government bodies and multinational corporations.
Our clients are seeking a strategic partner to support the continued development of the business and to offer a synergy to take advantage of its exceptional product, opening up a new potential client base whilst extending the services it can offer to its existing clients.
Key Highlights
• The software has been fully developed by the company’s in-house team, providing it with enhanced levels of control and enabling it to quickly roll-out updates.
• The system has been designed with scalability in mind, enabling users to unlock various functions within the software alongside the growth of their businesses.
• Renowned for providing an exceptional standard of technical customer service, with scope for the business to develop and integrate bespoke solutions catered to its clients’ specific requirements.
• Benefits from a diverse, long-standing client base, predominantly working with organisations in the finance, insurance, healthcare, housing, utilities and retail markets, as well as national government agencies.
• Maintains long-standing client relationships, some of which span over 13 years, with all active clients continuing to provide reliable, recurring monthly revenue.
• Focused workforce, all operating remotely, supporting an efficient bolt-on acquisition. The system has been designed to be managed easily, meaning that only a small team is required.
Financial Highlights
- Achieved turnover of £520k in YE23, with an EBITDA of circa £300k.
- Turnover is projected to rise to £725k and £800k in YE24 and YE25, respectively, with EBITDA also increasing to £475k and £520k in the same years.
- Turnover and EBITDA have experienced consistent, year-on-year growth, rising by 67% and 56%, respectively, between YE21 and YE23.
- Ongoing contracts are currently valued at £655k per annum, with this figure continuing to rise steadily month-on-month with increased expenditure from existing clients and as new clients are gained.
- No reliance on any individual client account to generate over 6% of turnover.
- Approximately 87% of turnover in the last year was generated from contracted monthly fees, with the remaining 13% being generated from bespoke development services.
