A distributor of embedded boards, systems and software – based in South West England

The company is a distributor of embedded boards, systems and software for use in a diverse range of applications within the defence, aerospace and cyber security sectors.

Providing technical and commercial consultative support, the company has an extensive product range covering components that utilise a wide range of formats, IP, operating systems and board support packages, enabling it to meet the specific requirements of its customers.

The company caters to 58 customers, including several blue-chip organisations, and benefits from a high volume of repeat business, with 66% of income generated from contracts. It also holds approved supplier status for the majority of the UK’s military and aerospace operations, allowing it to generate revenue from several long-term projects.

The company is being offered for sale to facilitate the shareholders’ retirement plans.

Offers invited.

Key Highlights

– Strong relationships with several prominent manufacturers from the USA, France and Italy, holding exclusive UK representation and distribution agreements with several.

– A Stage 2 registered member of JOSCAR with Cyber Essentials and ISO 9001 accreditation.

– Well positioned to support current and future trends in the growing defence, aerospace, cyber security and high technology instrumentation markets.

– An easily scalable business with opportunities for continued growth through the development of its sales team and the exploration of new supplier relationships.

– Experienced second-tier management team in place to manage operations post-sale.

– Operates from leasehold premises.

Financial Highlights

– Turnover of £4.8m, with an adjusted EBITDA of £624k.

– Outturn of £5.3m for YE24, forecast to reach £6.5m in YE25 and £8m in YE26.

– Turnover increase of 117% between YE22 and YE24, with a further 51% increase expected by YE26.

– Confirmed pipeline in excess of £5.5m, with additional tendered opportunities potentially generating up to £4.7m.