Producer and supplier of artisanal puddings

Key Highlights

– By operating on a B2B and D2C basis, the business benefits from a continual stream of new, repeat and referral custom.

– Has established numerous long-standing relationships, some of which span over a decade.

– Strong second-tier management team in place which is able to absorb many of the shareholder’s responsibilities, post-sale.

– Director willing to remain in an operational role for a period of time.

– Operates from three main leasehold premises.

– Scope for growth through the development of new products; recruitment of additional personnel; introducing export sales; and enhancing the white-label capacity.

Financial Highlights

– YE23 outturn turnover of £674k.

– Generated a YE22 turnover of circa £593k, with an adjusted EBITDA of £43k in the same year.

– Average gross profit margin of 59% between YE19 and YE22.

– Shareholder funds have increased by 181% from YE19 to YE22.

– Circa 80% of sales are derived from existing customer relationships.