SPECIALIST PROVIDER OF IT SERVICES

Project Hera offers a wide range of IT services to ensure that businesses can operate efficiently with the highest standards of security.

The company’s comprehensive offering includes IT support, cyber security, hardware sales, consulting, cloud-based services, telecommunications, and internet services.

The business has built up a large and long-standing client base, with over half of its income deriving from reliable streams of contracted revenue.

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.