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

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.