Providers of bespoke shop fitting and joinery solutions

Key Highlights

– Benefit from new, repeat and referral business from clients in sectors such as petrol filling stations, retail, commercial, healthcare and education.

– Wealth of in-house expertise in place, with three candidates able to absorb the Directors’ responsibilities, post-sale.

– Operate from a 25,000 sq ft leasehold office, warehouse and production facility based in central England.

– Primed to take advantage of ongoing developments within the joinery installation sector.

– Growth may be achieved through diversification of the services, recruitment, and the implementation of sales and marketing activities.

– An excellent acquisition for similar or synergistic organisations.

Financial Highlights

– Generated a YE22 turnover of £4.8m, with an adjusted EBITDA of c.£531k.

– YE23 management figures indicate a turnover of £9.8m, with an adjusted EBITDA of £1.8m.

– Turnover is projected to increase to £12m by YE24, with adjusted EBITDA rising to £2.25m.

– Significant forward order books in place which hold a combined value of £2m.

– Outstanding tenders and upcoming projects for blue-chip organisations are worth in excess of £8m.

– Approximately 90% of sales are derived from existing clients.