An international provider of high-quality leather goods

Offers invited.

Financial Highlights

– YE23 group turnover of £4.2 million with a gross profit of £2.3 million achieved.

– 20.6% increase in turnover from YE21 to YE23.

– Average gross profit margin of 54% achieved over the last three years.

Key Highlights

– Serves 850 wholesale clients alongside having direct relationships with many customers.

– Circa 85% of clients provide the company with repeat business, with longstanding relationships of over 10 years with some wholesalers.

– Operates successfully with an experienced, knowledgeable team, with individuals in place who could carry out some of the exiting shareholders’ duties.

– Predominantly operated on a remote basis, with additional premises for warehousing and distribution located abroad.

– Scope for growth via further diversification of the product base alongside increasing sales channels.