A designer and supplier of bespoke, hand-crafted rugs and carpets – operating worldwide

Offers invited.

Key Highlights

– Delivers a dedicated and personalised service, with all products made-to-measure from the finest natural materials.

– Caters to circa 50 active clients, operating on both a B2B and B2C basis. Its client base includes corporate organisations, interior designers, boutiques, hotels and high-net-worth private individuals.

– Receives a high volume of repeat business, with many client relationships spanning upwards of 10 years.

– Experienced second-tier management team in place.

– Operates from leasehold premises.

– Moving forward, the company could benefit from exploring relationships with new clients or expanding its product range.

Financial Highlights

– Turnover of £1.07m, with an adjusted EBITDA of £242k.

– Gross profit margin of 51%.

– A YE24 six month management turnover of £517k.

– Current order book is valued at £251k in March 2024. The forward order projection up to end May 2024 is currently at £275k based on existing enquiries to date.