Leading Distributor of Slate Operating Internationally

The company is an industry-leading supplier of high-quality natural slate, with a minimum stock holding of five million slates at any one time ensuring consistent availability. The company has established long-term exclusive supply agreements with key quarries internationally, providing continuing access to recognised, high-margin products.

Having secured a strong foothold in the industry, the company benefits from a vast international customer base and is on the approved supplier list for a range of leading architects, developers, and consulting engineers.

The business is now being offered for sale to facilitate the founding
Shareholders’ retirement plans.

Key Highlights

– All slate products are accredited to the highest international standards.

– Wide-ranging and diverse repeat customer base, which includes builders’ merchants, roofing and building contractors, developers, self-builders, and homeowners.

– Strong second-tier management team in place that can carry out daily operations and drive business development with minimal oversight.

– Frequent award winner.

– Offering complementary products, such as cladding system or flooring solutions, could expand the company’s revenue and customer base.

– Ongoing focus on specification selling is a key differentiator to others; branded and recognisable products ensure margins over and above the industry average with room for further improvements with additional investment.

Financial Highlights

– Turnover of £20m in FY23 with a gross profit of £5.9m.

– Adjusted EBITDA of £3.1m in the same year.

– Projected turnover of £21.3m for FY24.

– Average gross profit margin of 27% across the five years to the end of FY24.