A DESIGNER AND MANUFACTURER OF HIGH-END KITCHENS, BATHROOMS AND BEDROOMS

Key Highlights

– Projects range from small housing estates to luxury 1,000-apartment tower blocks in central London.

– Caters to 12 clients, some of whom have provided regular business for upwards of 10 years.

– Circa 70% of work is based in London, with the remainder located across Southern England.

– Excellent scope for future growth, which could be achieved through the recruitment of sales staff.

– Experienced second-tier management team is in place to facilitate the Managing Director’s departure.

– Utilises leasehold premises in Southern England, ideally located to provide access to the M25 and London.

Financial Highlights

-Turnover of £8.7m for YE22, with an adjusted EBITDA of £1.2m.

– Draft turnover of £7m for YE23.

-The Company is showing strong recovery following the effect of Covid-19 on the construction industry.

-Extensive pipeline in place, with sales expected to reach £10m in YE23 and £12m in YE24. This includes several projects that are set to generate in excess of £4m.

-Robust balance sheet, with Shareholder funds in excess of £2.2m for YE23.