IT Support and Managed Service Provider – London

The company provides an all-encompassing range of commercial IT solutions and support to clients across Greater London.

Core services offered by the company include general IT support, office relocations, IT disposal, website design, hardware, software and subscriptions.

There is considerable scope for the company to build upon its portfolio of services and invest in the recruitment of skilled personnel in order to take advantage of advancing market opportunities and the growing demand for IT services, driven by the increased digitalisation of businesses.

Our clients are offering the company for sale to pursue unrelated business ventures.

Offers invited.

Key Highlights

– Operates from centrally located leasehold premises in London.
49 active client, comprising SMEs from a diverse range of sectors such as construction, legal, property management and renewable energy.

– Approximately 75% of revenue is generated on a recurring basis through subscriptions, rolling contracts and repeat purchases.

– Pipeline of upcoming and prospective projects valued at circa £94.2K.

Financial Highlights

– YE23 turnover of circa £618k.
– Adjusted EBITDA of £156k in the same year.
– YE24 management turnover of circa £626k, with an adjusted EBITDA of £179k.