A provider of office relocation and storage solutions

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.