A Highly Regarded Software Developer Providing an Online HRIS Solution – Based in South East England

Overview

Has developed a pioneering, highly customisable HRIS solution with automated capabilities, including automatic KYE, DBS, MOT and driving licence checks, amongst others.

Operating nationally, the company currently provides its services to three active clients and benefits from high retention rates.

The shareholders are offering the company for sale as they wish to pursue alternative, unrelated ventures.

Offers invited.

Key Highlights

– Boasts an exceptional reputation within its core operating industries.

– Enjoys a stable revenue stream with a majority of clients on rolling contracts, providing a strong foundation for growth and upselling opportunities.

– Experienced team of employees led by Directors who are willing to remain with the company in suitable ongoing positions, subject to negotiations.

– Operates from leasehold premises, which benefit from a two-month termination clause.

– Many opportunities for expansion, including the exploration of new sectors and the implementation of additional marketing strategies.

Financial Highlights

– YE22 turnover of circa £407k.

– Adjusted EBITDA of £257k achieved in YE22.

– Projected YE23 turnover of £491k.

– Boasts a strong balance sheet.