An importer of ingredients and Asian food products

Operating in the UK and Europe

The company is an importer and distributor of ingredients and food products from Asia. It offers a diverse range of items, including fresh and preserved ginger, poppadum pellets, prawn / vegan crackers and noodles. Some products are organic and Fairtrade, supporting a clear commitment to sustainability and ethical practices.

Since its inception, the company has built up strong relationships with a large and loyal customer base, which includes several well-known blue-chip manufacturers, most of which hold contractual agreements with the business. These relationships are expected to continue going forward, with scope to increase sales with many existing customers.

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

Offers invited.

Key Highlights

– Caters to over 100 customers across the UK and Europe, primarily supplying food manufacturers and wholesalers.

– Long-standing relationships in place with several well-known blue-chip organisations, some of which span 20 years.

– Consumer awareness of the health benefits and culinary uses of ginger is expected to drive market growth in forthcoming years.

– Second-tier management team able to manage day-to-day operations.

– Offered for sale as a fully relocatable opportunity, with all staff currently working remotely.

Financial Highlights

– Turnover of £2.6m achieved in YE23, with an adjusted EBITDA of £406k.

– Draft turnover of £4m for YE24, with an adjusted EBITDA in the region of £800k.

– The forecast for YE25, expects that turnover will reach £3.6m, with the adjusted EBITDA exceeding £534k.

– Average gross profit margin for YE22–YE24 of 23%.

– Shareholder funds in excess of £2m.