IT & Computing services for sale in United Kingdom

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S Martin (Feb 2013)
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Leasehold Price: Offers Invited Annual Turnover: £1,100,000 Annual Gross Profit: £510,000 Annual Net Profit: £250,000
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Business Description
Business Summary

– Highly successful provider of IT Support and Hosted Services company for IBM technologies.

– Based across the UK with its largest clients located in London, Birmingham and Glasgow.

– Projected turnover for the year to December 2016 is £1.1m with an adjusted EBITDA of £251k (23%).

– 11 clients on repeated IT support, infrastructure management, and managed services engagements.

– Out of a turnover of £1.4m in 2015, £351k was for IT support services.

– Out of forecast revenue of £1.1m in 2016, £451k is for IT support services.

– The company is quickly approaching the point where 50% of its IT support services revenue is recurring each month from long-term contracts.

– The remainder of clients currently buy blocks of days for IT support services at the start of each year and call these off for projects and support during the year.

– The business has a desirable client base of blue-chip companies and maintains exceptionally high client retention rates.

– The client base is mainly made up of businesses in the retail and finance sectors plus government services.

– The business would be of particular interest to other IT support, cloud services and/or telecoms companies that are looking for a strategic acquisition to add to their portfolio and could make significant synergy savings.

– Being an IBM Premier Business Partner in the social space; the acquisition of the company is likely to be of particular interest to other IBM partners globally or a Microsoft partner looking to diversify.

– There is a strong team of qualified technical staff in place.

– The company has excellent cloud based financial management systems in place.

Products and Services

– IT Support Services:
24/7 Support and Systems Management
Desk side or on-site support
IT co-sourcing and outsourcing
Software procurement

– Managed Services:
Hosted email
Hosted virtual servers
Managed data back-up
Virtual Disaster Recovery

– Software development
Integration, development and support of IBM Collaboration solutions


- 2 Directors, with 3 full-time and 1 part-time members of technical staff.


- Rented office - lease on 1 months’ notice.

Reason for sale

- The vendors are pleased to have built the business to its current size and profitability. However, each Director also has 2 other business interests and have taken the decision to exit this business to focus on those other interests now this business has a very solid foundation and platform from which to grow.

Financial overview

Year ending 31st Dec 2016 (Forecast):

Sales Revenue £1,085,373
Gross profit £512,022 (47%)
Adjusted EBITDA £251,589 (23%)

– Adjusted EBITDA is stated after having accounted for the vendors’ replacement cost.

Offers invited
Tenure: Leasehold

Is this business relocatable: Yes

Downloadable Documents

Listed by: Hornblower Business Brokers Ltd
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