Provider of furniture packs and supplementary products – based in North East England

The company is a trusted provider of house packs, office furniture, and ancillary accessories for UK Government offices worldwide. Operating for close to three decades, the business has developed multiple handmade and exclusive house packs, including sofa sets, beds and mattresses, and a wide range of dining solutions. The business also provides an extensive catalogue of complementary products, such as uniforms, kitchen goods, conference equipment, and crisis packs. As a result, the business has achieved preferred supplier status for various Government offices worldwide. Our clients are now offering the business for sale to facilitate further development under the impetus of new ownership and to aid retirement plans. Offers invited.
YE23 turnover of £1.1m, with an adjusted EBITDA of £314k. Achieved a gross profit margin of 28% in the same year, securing £798k in profit. Operates within a buoyant market, with industry revenue anticipated to increase at a CAGR of 2.8% through the next five years. Has worked closely with 181 clients across multiple countries, including British and foreign Government offices.
Built a long-standing and trustworthy manufacturing and supply chain, which adheres to strict industry procedures. Cultivated strong connections with high-profile officials and estate teams. Benefits from an experienced and knowledgeable second-tier management team, capable of running day-to-day operations with no input from the directors. The company hosts its own showcases around the world to promote its products and services. Operates from two leasehold premises.