Prominent specialist supplier of musical instruments

Offers invited.

Key Highlights

– Works with national and international retailers, B2C and education customers on an international scale, with significant potential to expand the geographical remit.

– Investment in tailored system integrations has enabled the business to develop long-term partnerships across the B2B and education sectors.

– Primed to take advantage of rapid structural changes in the sector and a significant increase in Government spending on musical instruments into education.

– Strong opportunity pipeline in place, comprising growing mass-market orders, brand development projects and further global expansion.

– Wealth of in-house expertise in place, with the existing team capable of effectively managing the business without the shareholders’ input.

– Operates from ideally located leasehold premises.

Financial Highlights

– Generated a YE23 turnover of £8.6m, with an adjusted EBITDA of £751k.

– YE24 outturn figures indicate a turnover of £7.1m. YE25 and YE26 forecast turnovers are £10.4m and £11.1m, respectively.

– Shareholder funds are set to continue demonstrating year-on-year growth, forecast to increase by 168% between YE20 and YE26.

– Over 90% of the business’s revenue during Q1 YE24 has been attributed to commercial and education-related customers.

– Sales to B2B and education customers have increased by 51% since YE19, as a result of vast investment to advance these activities.

– Own-brand sales increased by 95% between YE20 and YE23.

– One brand is the leading student guitar range on a third-party sales channel throughout Europe. This success offers huge potential for rapid global expansion.