SPECIALIST PROVIDER OF IT SERVICES

The company operates in a sector that has shown significant resilience and growth; 13% increase in industry revenue, which is forecast to reach £15.6bn by 2029.

Our clients are now offering the company for sale to pursue other, unrelated business interests.

Offers invited.

Key Highlights

– Works with clients across a variety of sectors, such as haulage, manufacturing, travel, leisure, construction, and engineering.

– Benefits from over 125 active clients, 65% of which provide ongoing streams of reliable revenue.

– Highly skilled employees in place, supported by an experienced second-tier management team, who can oversee the business with minimal oversight from the directors.

– Operates from leasehold office premises, with room to acquire additional office space, if required.

– Opportunities for growth include the exploration of new complementary services and further penetration of the UK.

Financial Highlights

– YE23 turnover in excess of £1.3m.

– Adjusted EBITDA of £550k achieved within the same year.

– Consistent yearly growth in turnover since YE16.

– YE24 forecast of circa £1.3m.

– Circa 65% of clients are on an IT support agreement, or buy services on an annual or monthly recurring basis.

– In conversation with 12 new support clients, while consistently working on various projects with existing clients, and actively upselling new services to generate further revenue sources for the business.