A banking and financial managed IT service provider – based in London

The company is an established supplier of communications devices and managed services for the financial trading and command and control sectors. It delivers cloud-based dealer boards, hosted telephony services, voice recording and managed services to banks, hedge funds and brokerage houses, amongst others.

Services are designed to facilitate collaboration and compliance across the trading floor, with the company also providing 24/7 maintenance and support for wired / wireless networks, servers and telephony systems.

Operating internationally, the company predominantly caters to blue-chip clients in the financial trading market.

The Shareholders are offering the company for sale to facilitate continued growth under the impetus of a new owner. They wish to retain a combined 40% shareholding and will work with a buyer to achieve further growth.

Offers invited.

Key Highlights

– Supplies 35 clients, all of whom provide reliable, repeat business on an ongoing basis, with some relationships having been in place for over seven years.

– A gold partner of British Telecom (BT) in 2017, with ISO 9001 and 27001 accreditation.

– Currently, 25% of BT trade floors in the UK are supported by the company and it is expanding its reach to further support the platform in Singapore, Dubai, Canada, South Africa and Asia, with a total of more than 400 positions deployed on the company’s cloud solution.

– Second-tier management team in place, comprising Engineers with extensive experience in the sector.

– Operates from leasehold offices based within the City of London.

– Growth could be achieved through continued investment in cloud technologies or further expansion into US and APAC territories.

Financial Highlights

– YE25 turnover is forecast to reach £1.7m, with an EBITDA of c£555k and an adjusted EBITDA of £404k after estimated continued director costs.

– YE24 turnover of £1.5m, with an EBITDA of c£438k and an adjusted EBITDA of £282k after estimated continued director costs.

– 46% gross profit margin.

– Approximately 45% of revenue is generated from annual maintenance contracts, which are typically secured for three years.