An international provider of high-quality leather goods

The company is a prominent leather goods brand, offering wallets, handbags, coin purses, travel accessories and more. It has established a large and diverse product catalogue, with bi-annual new collections.

Utilising a highly experienced team and excellent supplier relationships, the company has ensured that all operations are streamlined to ensure the best service for B2B and B2C sales.

The company is now being offered for sale to facilitate retirement plans of the majority shareholders.

Offers invited.

Financial Highlights

– YE23 group turnover of £4.2 million with a gross profit of £2.3 million achieved.

– 20.6% increase in turnover from YE21 to YE23.

– Average gross profit margin of 54% achieved over the last three years.

Key Highlights

– Serves 850 wholesale clients alongside having direct relationships with many customers.

– Circa 85% of clients provide the company with repeat business, with longstanding relationships of over 10 years with some wholesalers.

– Operates successfully with an experienced, knowledgeable team, with individuals in place who could carry out some of the exiting shareholders’ duties.

– Predominantly operated on a remote basis, with additional premises for warehousing and distribution located abroad.

– Scope for growth via further diversification of the product base alongside increasing sales channels.