A provider of office relocation and storage solutions

The company offers a comprehensive, one-stop solution for office relocation and storage needs, covering project management, international commercial relocation, storage, inventory and archiving solutions, systems and furniture installation, voice and data services, and furniture / IT equipment recycling.

Throughout its time in operation, the company has developed an excellent reputation amongst global blue-chip organisations, which it supports through international relocation and expansion. This includes leading names in the financial and business support sector, which have complex staffing and technological requirements.

The business is being offered for sale to facilitate the Managing Director’s retirement. Offers invited.

Key Highlights

– 50% of sales generated from contracts

– 30% of sales generated internationally

– Caters to 45 clients from a range of sectors, including several global blue-chip organisations, benefitting from a high volume of repeat business and long-standing client relationships.

– Excellent position for future growth, with scope for a synergy buyer to take the business to the next level.

– Corporate removals and storage markets are expected to remain strong for the foreseeable future, particularly in South East England.

– Experienced second-tier management team in place, with one of the shareholders willing to remain with the business post-sale, either to provide a handover period or as a long-term arrangement.

– Operates from leasehold premises.

Financial Highlights
– Turnover of £8.8m achieved in YE23.

– Adjusted EBITDA of circa £1.7m achieved in the same year.

– Turnover expected to rise to £9.2m in YE24 and £9.7m in YE25.

– Gross profit margin of 48%.

– Turnover growth of 52% since YE20.

– Shareholder funds in excess of £3.4m.