Manufacturer of Paper and Polythene Carrier Bags Based in the East Midlands

Offers invited.

Key Highlights

– Established for over four decades.

– Benefits from 104 active customers, many of which are wholesalers with multiple accounts that provide ongoing, repeat business.

– Longest customer relationship spans two decades.

– Minority shareholder and Managing Director has expressed an interest in remaining with the company post-sale to assist a new owner with daily operations and driving business development, providing a turnkey acquisition.

– Operates from easily relocatable leasehold premises.

– Acquiring a more flexible machine to manufacture more sizes of bag could considerably expand the company’s customer base.

– Creating a brand to provide e-commerce sales to end users would contribute to the company’s ongoing development.

Financial Highlights

– Turnover of £2.4m in YE22 with an adjusted EBITDA of £160k.

– Projected turnover of £2.2m for YE23 with an adjusted EBITDA of £150k.