A SUPPLIER OF HARDWOOD TO THE FURNITURE INDUSTRY – BASED IN THE MIDLANDS

The company is an importer and supplier of hardwood products, catering primarily to sofa and bed manufacturers. Its products include birch frame stock, plywood, hardboard and bespoke furniture kits, and polished beech furniture feet.

Operating nationwide, the company has an extensive client base, which includes some of the UK’s most well-known furniture manufacturers. Several of these clients have factories close to premises, enabling our clients to respond quickly to demand.

The shareholders are offering the company for sale to facilitate retirement plans and to realise the assured wealth derived from the existing business.

Offers invited.

Key Highlights

– Caters to over 40 active clients, all of whom provide regular, repeat business, with some of its relationships spanning 10 years.

– Operates in a niche market, with its lean business structure allowing it to function with relatively few overheads and achieve higher profit margins than its main competitors.

– Accredited by the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC), both of which demonstrate the quality of its products.

– Operates from leasehold premises.

Financial Highlights

– Turnover of £7.7m.

– EBITDA of £525k.

– Turnover forecast to rise to £8.5m in YE24, with a EBITDA of £675k.

– Turnover growth of 96% since YE19.