Wireless Internet Provider – based in North East England

The company is a well-regarded specialist provider of broadband services to residential and commercial customers in rural areas. As part of its offering, the business has developed multiple subscription packages with speeds in excess of 200 Mbps for private households and up to 1 Gbps for commercial operations. Our client is now offering the company for sale to facilitate further development under the impetus of new ownership. Offers invited. Generated a turnover of £495k in YE23, with an EBITDA of £214k. Achieved year-on-year growth, with annual revenue increasing by 37% since YE20. Operates within a steady market, which is anticipated to grow at a CAGR of 2.3% through to 2029. Provide broadband services to over 1,000 customers.
Benefits from high customer retention rates, with 90% of sales generated via the existing base. 81% of sales are derived via private individuals. Member of the Government’s Gigabit Broadband Voucher Scheme. Significant opportunity to expand geographical reach due to increasing demand for high-speed internet. Operates from director-owned premises, which are leased to the company.