Leading agricultural distributor catering to fresh produce growers

The shareholders are offering the company for sale as a whole or in two lots as part of their retirement plans. Offers invited.

Key Highlights

– Excellent supplier relationships, enabling it to maintain continuous stock levels even during times of global disruption.

– Receives high levels of repeat business with over 80% of turnover coming from existing customers that have relationships spanning more than 10 years.

– Operates in buoyant markets which are expected to enter periods of growth, with scope to benefit from the global focus on the reduction of pesticides.

– Well-positioned to generate additional business, particularly in Europe, through the employment of experienced sales professionals.

– Scope to increase sales through the introduction of new products and services.

– Experienced team in place.

– Established UK and EU operations, which are run in tandem from the UK. This established business model can easily facilitate a UK company to expand in Europe or a European company to easily expand in the UK.

– Has an excellent operating systems in place and runs a very powerful ERP system which has information on over 2,000 companies including all transactions with existing and potential customers / suppliers.

– Currently operating from leasehold premises so can be easily relocated. All staff have full facilities in place to work from home if required.

Financial Highlights

– YE23 turnover £3.79m, with an adjusted EBITDA of £464k.

– YE23 shareholder funds of £1.5m

– YE24 forecast turnover in excess of £4m, with an adjusted EBITDA of £693k.

– YE24 forecast shareholder funds in excess of £1.5m.

– Potential orders valued in excess of £2m, with expectations to convert circa 60% into sales.